MicroStrategy Chair Michael Saylor Breaks 13-Week Bitcoin Buying Ritual

MicroStrategy Executive Chair Michael Saylor did not post his usual Sunday "Orange Dot" tracker on X, suggesting the company may have paused its weekly Bitcoin (BTC) purchases, which would end a 13-week accumulation streak that began in late December. During this streak, MicroStrategy acquired about 90,831 BTC, bringing its total holdings to 762,099 BTC at an average price of $75,694. Instead of posting the Bitcoin update, Saylor promoted MicroStrategy's perpetual preferred stock, STRC, highlighting its low volatility and 11.5% dividend yield. This pivot aligns with the company's recent filing of a $42 billion at-the-market equity program, split between common stock (MSTR) and STRC preferred shares, as CEO Phong Le previously indicated a shift toward preferred shares for funding future BTC purchases. While the silence suggests a pause, a Monday 8-K filing will confirm if any BTC was actually purchased, as the company has paused buying temporarily in the past. The current silence occurs while Bitcoin trades significantly below its all-time high.

(Source：BeInCrypto)