Strategy Seen Pausing Weekly Bitcoin Buys; 13-Week Streak in Question

ChainCatcher reports that Strategy Executive Chairman Michael Saylor skipped his customary "orangedot" Bitcoin tracking post on Sunday for the first time in 13 weeks, prompting market speculation that the firm may have put its weekly Bitcoin purchase program on hold. Saylor instead spotlighted the company's perpetual preferred stock, STRC, saying its 30-day volatility is lower than that of every S&P 500 constituent and that it offers an 11.5% annual dividend. Since December last year, Strategy has bought about 90,831 Bitcoin, taking total holdings to 762,099 BTC at an average cost of roughly $75,694. The company has also rolled out a $42 billion stock issuance plan, underscoring a greater emphasis on preferred-stock financing. A Form 8-K due Monday is expected to clarify whether Strategy has in fact paused Bitcoin purchases.