Strategy Michael Saylor, the largest corporate bitcoin holder, suspended the purchase of the first cryptocurrency – despite the fixation of $ 14.05 billion unrealized profit by the end of June.

Strategy said that solution To suspend purchases is caused by a cautious approach to investment in bitcoins against the background of short -term fluctuations in the market. Strategy Chairman Michael Saylor said his company continues to consider Bitcoin the best asset to maintain the cost, but the strategy can be adjusted depending on the volatility of the cryptocurrency market.

“Sometimes you just need to move,” said Seilor.

Saylor added that in the first quarter his company has already experienced losses of $ 5.91 billion due to a drop in bitcoin by 12%. This led to the lawsuits of shareholders accusing the leadership of misleading them.

Strategy said that the long -term strategy remains unchanged and the company strives to accumulate bitcoins using all available financial instruments like emissions of shares and debt instruments.

Analyst Syz Capital Richard Byworth (Richard Byworth) notedWhich, in his opinion, Strategy is valid correctly, but to maintain the advantage it should accelerate the purchase of bitcoins, possibly through the absorption of its competitors, given the general decrease in the liquidity of the first cryptocurrency on the exchanges.

Earlier, the New York Law Firm Pomerantz sent a collective lawsuit against the Eastern District of Virginia against Strategy, accusing the company of violating federal laws on securities, as well as deception of investors and unreasonable statements about the profitability of their investment strategy.