Strategy appears to have gone one week without buying more Bitcoin. That may sound small, yet it stands out because the company had been adding BTC for 13 straight weeks. Considering the behavior of Strategy is key to understanding Bitcoin price because it is the biggest publicly traded corporate holder of Bitcoin in the world.
Important to Know
- Strategy seems to have paused its Bitcoin buying streak after 13 straight weeks.
- The company still holds 762,099 BTC with an average purchase price of $75,694 per coin.
- Strategy usually raises money through stock sales and then uses that cash to buy Bitcoin.
Michael Saylor usually gives Bitcoin watchers a clue before a new purchase lands. On many Sundays, he posts a chart on X with orange dots that hint at another buy. Over the weekend, that familiar signal did not appear. That was the first time since December 22 that the pattern seemed to break.
The reason looks less dramatic than the headline. Strategy does not mainly buy Bitcoin out of normal business profit. Instead, it often sells shares or other securities, brings in fresh cash, and then uses that capital to buy BTC. So when the funding side slows down, the Bitcoin machine can slow down too.
One piece of that funding setup is STRC, a preferred stock that has become more important in recent months. A preferred stock is a type of share that often comes with a dividend, which is a regular payout to investors. STRC is built around a $100 stated value and carried an annualized dividend rate of 11.50% in March 2026. When pricing gets awkward around that level, issuing more shares becomes harder.
The common stock side has its own issue. When a company sells new shares at a weak valuation, existing shareholders get diluted. In simple terms, dilution means each old share represents a smaller slice of the company. If the stock price is not strong enough, raising fresh cash through new share sales becomes less attractive.
Even with that pause, the bigger picture has not changed much. Strategy started buying Bitcoin in August 2020 and has turned that treasury plan into the center of its identity. Over time, the company kept scaling up. By March 23, 2026, it had reached 762,099 BTC, acquired for about $57.7 billion in total.
That also means the position can swing hard with the market. Currently Bitcoin is trading around $67,000, while Strategy’s average cost sat near $75,692 to $75,694 per coin. That leaves the holding under water on paper for now, which means the market value is below the average purchase cost, even though no loss is locked in unless coins are sold.
While there is a pause in buying, it of course does not mean Strategy has walked away from Bitcoin. It just shows that even the most aggressive corporate BTC buyer still depends on financing conditions, stock pricing, and investor demand. And yes, even after MicroStrategy changed its branding to Strategy in 2025, that funding reality still shapes how fast the company can keep stacking coins.