MicroStrategy, the largest corporate holder of Bitcoin, may have paused its consistent Bitcoin (BTC) buying spree, potentially ending a 13-week ritual. Executive Chair Michael Saylor, known for his bullish stance on Bitcoin, did not post his customary "Orange Dot" tracker on X (formerly Twitter) this past Sunday, a signal that typically precedes a Bitcoin purchase announcement. Instead, Saylor highlighted the company's Stretch (STRC) perpetual preferred stock.
For roughly 13 weeks, Saylor has consistently posted Bitcoin accumulation charts on Sundays, followed by detailed 8-K filings on Monday mornings, which became a reliable indicator for traders tracking MicroStrategy's weekly buys. During this period, MicroStrategy acquired approximately 90,831 BTC. As of March 2026, the company holds 762,099 Bitcoin, acquired at an average price of $75,694 per token.
The shift in focus towards STRC is likely linked to MicroStrategy's recent filing of a $42 billion at-the-market equity program, split evenly between $21 billion in MSTR common stock and $21 billion in STRC preferred shares. STRC pays a variable annualized dividend, currently set at 11.5% for March 2026, with the rate having risen for seven consecutive months since it began trading in July 2025. Saylor has presented STRC as a low-volatility, high-yield instrument suitable for fixed-income portfolios.
While the lack of an "Orange Dot" post suggests a pause in Bitcoin buying, a Monday 8-K filing will ultimately confirm whether MicroStrategy has indeed broken its streak or quietly added to its holdings. It's worth noting that MicroStrategy has paused its Bitcoin buying in the past, only for it to be temporary. The company's corporate treasurer, Shirish Jajodia, revealed that MicroStrategy buys Bitcoin "around the clock, almost every day, every hour, every second," adjusting their timing based on market conditions.
