Strategy suspects Bitcoin purchases may pause; 13-week consecutive accumulation record could come to an end

Mars Finance reports that Strategy’s Executive Chairman Michael Saylor did not release the usual orange dot Bitcoin tracking post this Sunday, marking the first time in 13 weeks. The market speculates that the company may have paused its weekly Bitcoin purchasing plan. Saylor instead promoted the company’s perpetual preferred stock STRC, emphasizing its 30-day volatility is lower than all S&P 500 components, and offers an annual yield of 11.5%. Since last December, Strategy has accumulated approximately 90,831 Bitcoins, currently holding a total of 762,099 Bitcoins at an average price of about $75,694. The company has also recently launched a $42 billion stock issuance plan, gradually shifting its focus towards preferred stock financing. Monday’s 8-K filing will reveal whether the company has indeed paused its Bitcoin purchases.