Strategy may have ended a 13-week Bitcoin (BTC) buying streak after executive chair Michael Saylor skipped his customary Sunday accumulation signal on X, instead using the platform to promote the company's preferred stock offering Stretch.
Saylor's Missing Signal
For roughly 13 consecutive weeks starting in late December, Saylor posted a Bitcoin accumulation chart on Sundays featuring orange markers that flagged upcoming purchases. A formal 8-K filing would follow on Monday mornings. Traders came to treat the ritual as a reliable indicator of the firm's weekly buys.
During that streak, Strategy acquired approximately 90,831 BTC.
The company now holds 762,099 Bitcoin at an average price of $75,694 per token, according to its corporate dashboard.
This Sunday, however, Saylor posted about STRC instead. "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.
The shift came days after Strategy filed a $42 billion at-the-market equity program on Mar. 23. The program splits 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 Mar. 2026. The rate has risen for seven consecutive months since the instrument began trading in Jul. 2025. 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%, well below BTC's historical performance. CEO Phong Le said in February that Strategy is shifting away from common stock issuance toward preferred shares as the primary vehicle for funding future Bitcoin purchases.
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What the Pause Could Mean
The absent signal arrived as Bitcoin traded at $66,389, down roughly 47% from its October 2025 all-time high above $126,000. MSTR shares have also fallen about 76% from their November 2024 peak.
A missing Sunday post does not guarantee a buying halt.
Strategy could still announce a purchase in Monday's 8-K filing, as the firm has occasionally varied its signaling pattern before.
The company has also formally paused buying in the past, halting acquisitions briefly in early Jul. 2025 and again in early October 2025, though 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 accumulated 90,831 Bitcoin since late December. If a purchase is announced, the silence may simply reflect Saylor's tactical pivot toward promoting STRC at a critical moment for that product's growth.
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