Strategy suspends Bitcoin purchases, ending six consecutive weeks of accumulation, with stock prices down about 70% from peak

According to Coindesk, Strategy seemingly did not purchase Bitcoin last week, breaking a previous record of six consecutive weeks of accumulation.

The company, based in Tysons Corner, Virginia, is the largest publicly traded holder of Bitcoin, with a total of 649,870 Bitcoins, at an average purchase price of $74,400 each.

Strategy's stock price has fallen about 70% from its peak and is currently trading at slightly above 1.2 times its net asset value (NAV), which is the lowest level in this market cycle.