MicroStrategy Inc. said it didn’t buy any Bitcoin in the prior week, halting a string of 12 consecutive weekly purchases that began in late October.

MicroStrategy, the fourth-largest owner of bitcoin (BTC), did not buy any new tokens last week, Executive Chairman Michael Saylor announced on X, ending a 12-week string of purchases. Since Nov. 11, the Tysons Corner, Virginia-based company has bought 218,887 bitcoin, according to Saylor. It currently holds 471,107 bitcoin.

In a little less than three months, MicroStrategy has spent nearly half of its three-year, $42 billion capital plan to buy bitcoin.

Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.

MicroStrategy Inc. said it didn’t buy any Bitcoin in the prior week, halting a string of 12 consecutive weekly purchases that began in late October.Most Read from BloombergNew York’s First ‘Passive Ho

MicroStrategy stock could surge more than 50% with the company’s Bitcoin strategy, according to Mizuho Securities analysts. Mizuho analysts led by Dan Dolev initiated coverage of MicroStrategy stock with an Outperform rating and $515 price target.

Virginia-based MicroStrategy (MSTR) is no ordinary software firm. While its roots lie in enterprise analytics, it has rewritten its own playbook, transforming into the largest corporate holder of Bitcoin (BTCUSD).