MicroStrategy Chair Michael Saylor Breaks 13-Week Bitcoin Buying Ritual
Strategy (MicroStrategy) may have skipped its weekly Bitcoin (BTC) purchase for the first time since late December, potentially ending a 13-week accumulation streak.
Executive Chair Michael Saylor did not post his customary Sunday “Orange Dot” tracker on X (Twitter). He instead pivoted to promoting Stretch (STRC), the company’s perpetual preferred stock. A Monday 8-K filing will confirm whether the firm actually paused or quietly added to its holdings.
What Happened to MicroStrategy’s Orange Dots
For roughly 13 consecutive weeks, Saylor would post a Bitcoin accumulation chart on Sundays with orange markers signaling upcoming purchases.
A detailed 8-K filing would then follow on Monday mornings, with the ritual becoming a reliable signal for traders tracking the firm’s weekly buys.
During the streak that began in late December, Strategy acquired approximately 90,831 BTC. The company now holds 762,099 Bitcoin at an average acquisition price of $75,694 per token, according to its corporate dashboard.
This Sunday, however, Saylor shifted focus entirely. His posts highlighted STRC’s performance.
“Over the past 30 days, $STRC has been less volatile than every company in the S&P 500—and every major asset class—while delivering an 11.5% dividend yield,” he wrote.
STRC Takes Center Stage
The timing of the pivot is not random. Strategy filed a $42 billion at-the-market equity program on March 23, split evenly between $21 billion in MSTR common stock and $21 billion in STRC preferred shares.
A separate $2.1 billion ATM facility for its STRK preferred series was also announced.
STRC pays a variable annualized dividend, currently set at 11.5% for March 2026. The rate has risen for seven consecutive months since the instrument began trading in July 2025.
Its dividend resets monthly and is designed to keep shares trading near the $100 par value while reducing volatility.
Saylor argued in a follow-up post that the breakeven Bitcoin annual return needed to sustain the STRC dividend indefinitely sits at roughly 2.13%, a figure far below BTC’s historical performance.
CEO Phong Le previously stated in February that Strategy is pivoting away from common stock issuance toward preferred shares as the primary vehicle for funding future BTC purchases.
What the Silence Could Mean
The missing signal arrives as Bitcoin trades at $66,389, down roughly 47% from its October 2025 all-time high above $126,000. Meanwhile, MSTR shares have also fallen about 76% from their November 2024 peak.
However, a missing Sunday post does not guarantee a buying pause. Strategy could still announce a purchase in Monday’s 8-K filing. The firm has occasionally varied its signaling pattern before.
Strategy has also formally paused buying in the past. The firm briefly halted acquisitions in early July 2025 and again in early October 2025. Both turned out to be temporary.
If Monday’s filing confirms no new BTC was added, it would mark the first break in a streak that added 90,831 Bitcoin since late December.
If a buy is announced, the silence may simply reflect Saylor’s tactical shift toward spotlighting STRC at a critical moment for the product’s growth.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
