Original title: "Saylor Interrupts Bitcoin Purchase Routine for 13 Consecutive Weeks, Shifts Focus to Promoting Preferred Stock STRC"
Original source: Deep Tide TechFlow
Rhythm BlockBeats Note: On March 30, Strategy Company announced that they did not purchase any Bitcoin in the past week and currently hold 762,099 Bitcoins, valued at over $5.15 billion. This marks the first official interruption in Bitcoin purchases by Strategy since December of last year. The following is the original content:
Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), did not release the customary "orange dot" Bitcoin purchase signal this Sunday, instead fully promoting the company's perpetual preferred stock STRC, seemingly interrupting the continual accumulation of Bitcoin that had been ongoing for 13 weeks since the end of December last year. During this accumulation period, Strategy purchased approximately 90,831 BTC in total. The company currently holds 762,099 Bitcoins with an average cost of about $75,694, while the current price of Bitcoin is approximately $66,389, resulting in a significant unrealized loss. Monday's 8-K filing will confirm whether purchases are indeed paused.
Strategy may have interrupted its weekly Bitcoin accumulation for the first time since the end of December last year.
According to BeInCrypto on March 29, Saylor did not release his iconic "orange dot" purchase tracking chart on platform X this Sunday, instead turning all his attention to the company's perpetual preferred stock Stretch (code STRC). For the past 13 weeks, this signal had become a reliable indicator for traders to determine if Strategy would increase its Bitcoin holdings: posting the image on Sunday and submitting the 8-K filing to confirm purchase details on Monday morning.
This silence breaks a very aggressive accumulation period.
90,000 BTC Purchased in 13 Weeks, Significant Reduction in Last Week
Since the continuous accumulation initiated at the end of December last year, Strategy has purchased approximately 90,831 Bitcoins. According to the company's official data panel, as of March 22, Strategy holds 762,099 BTC, with a total cost of approximately $57.69 billion, and an average purchase price of about $75,694.
However, the intensity of accumulation has noticeably diminished in the last few weeks. According to CoinDesk, from March 16 to 22, Strategy only purchased 1,031 BTC, costing $76.6 million, with an average price of about $74,326, all financed through a common stock ATM (at-the-market issuance). In contrast, the purchases in the previous two weeks were 17,994 BTC (approximately $1.28 billion) and 22,337 BTC (approximately $1.57 billion), the latter being the largest single-week purchase since 2026.
From aggressive billion-dollar acquisitions to a "drizzle" of $76 million, and now possibly a pause this week, the reduction trajectory is clear.
Saylor Turns Spotlight to STRC, $42 Billion ATM Plan Just Launched
This Sunday, Saylor posted on platform X that STRC's volatility in the past 30 days was lower than all S&P 500 component stocks and all major asset classes, while providing an annualized dividend yield of 11.5%. He also argued in another post that the annualized Bitcoin return required to maintain the STRC dividend is only about 2.13%, far below Bitcoin's historical performance.
The timing of this "promotion" is not coincidental. On March 23, Strategy just announced a new ATM issuance plan worth $42 billion, with $21 billion allocated to MSTR common stock, $21 billion for STRC preferred stock, and an additional $2.1 billion STRK preferred stock ATM limit.
STRC is a perpetual preferred stock launched by Strategy in July 2025, with a par value of $100, monthly dividend payments, and interest rates adjustable by ±0.25 percentage points each month. The current annualized dividend rate has risen to 11.5%, marking the seventh consecutive month of increases. CEO Phong Le previously stated in February that the company is shifting from relying on common stock issuances to using preferred stock as the main financing tool for Bitcoin purchases.
According to data cited by Yahoo Finance, approximately 80% of STRC holders are retail crypto investors rather than institutional investors. In March 2026, Strategy raised about $1.2 billion through STRC's ATM sales for Bitcoin purchases, marking the first time preferred stock surpassed common stock as the primary source of financing. However, this also means that STRC's financing capabilities are directly tied to retail investors' confidence in Bitcoin.
Bitcoin Falls to $66,000 Range, Strategy Faces Depth of Unrealized Loss
At the time of the silence signal, Bitcoin was in a downturn. As of the time of writing, Bitcoin was priced at approximately $67,000, a decrease of about 47% from the historical high of approximately $126,000 in October 2025. MSTR's stock price has fallen about 76% to $77 from its peak in November 2024.
Calculating with 762,099 holdings and an average price of $75,694, Strategy's total cost for its Bitcoin holdings is approximately $57.69 billion, while under current pricing, the market value is about $50.5 billion, resulting in an unrealized loss exceeding $7 billion.
The broader context is that corporate Bitcoin purchases have become highly concentrated in Strategy. According to a report by CryptoQuant this week, Strategy purchased approximately 45,000 BTC in the past 30 days, while all other corporate treasury companies purchased only about 1,000 BTC combined. Strategy currently holds about 76% of the total corporate treasury Bitcoin, with other companies' purchasing shares plummeting from a peak of 95% to 2%. This trend, marketed as "broadening the institutional holding base," has actually evolved into a concentration risk for a single company.
Monday's 8-K Filing Will Reveal the Answers
The absence of a post on Sunday does not necessarily mean a purchase pause. Strategy has experienced signal changes in the past, and the company may quietly confirm new purchases in Monday's 8-K filing. Additionally, Strategy had previously paused purchases briefly in early July and early October 2025, both of which were temporary adjustments.
However, if Monday's filing confirms that there are no new holdings, it would mark the first official interruption since last December and could signify a turning point in Strategy's financing strategy—shifting from aggressive accumulation at all costs to stabilizing STRC as a key financing engine.
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