ChainCatcher report: This Sunday, Michael Saylor, Executive Chairman of Strategy, did not post his usual orange-dot Bitcoin tracking update—the first time in 13 weeks—leading the market to speculate that the company may have paused its weekly Bitcoin purchasing program. Instead, Saylor promoted the company’s perpetual preferred stock, STRC, highlighting its 30-day volatility lower than that of all S&P 500 components and offering an 11.5% annual dividend. Since December last year, Strategy has accumulated approximately 90,831 Bitcoin, bringing its current holdings to 762,099 BTC at an average price of about $75,694. The company has also recently launched a $42 billion stock issuance plan, signaling a growing focus on preferred stock financing. Monday’s Form 8-K will reveal whether the company has truly suspended its Bitcoin purchases.
Strategy Suspected of Halting Bitcoin Purchases; 13-Week Buying Record May End
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Summary
Bitcoin news emerged as Strategy CEO Michael Saylor skipped his weekly Bitcoin update for the first time in 13 weeks, sparking speculation that the firm has paused its BTC purchases. Instead, Saylor highlighted STRC’s 11.5% yield and low volatility. Since December, Strategy has acquired 90,831 Bitcoin, holding a total of 762,099 BTC at an average price of $75,694. A new $42 billion stock plan shifts focus toward preferred shares. An 8-K filing will confirm whether Bitcoin analysis indicates a pause in purchases.
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