In the absence of on-chain data and Executive Chairman Michael Saylor’s customary Sunday X buy signal, MicroStrategy (MSTR) did not add to any Bitcoin positions last week, ending a 13-week buying streak that began in late December 2025.
The suspension marks the first break in what has become a programmatic weekly supply auction in which the Tysons Corner, Virginia-based company has acquired approximately 90,831 BTC.
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13 Weeks, 90,831 BTC: What the MicroStrategy Bitcoin Streak Shows
The buying spree that ended last week was not an accidental accumulation, but a structured acquisition program funded by capital markets and carried out in an almost mechanical order.
MicroStrategy deployed capital for 13 consecutive weeks starting in late December 2025, funding the Bitcoin purchase with a combination of at-the-money common stock sales, convertible debt proceeds, and proceeds from a perpetual preferred stock series (STRK, STRF, and Stretch (STRC) launched in early 2026).
Strategy $MSTR did not sell any stocks or buy Bitcoin last week
— Wall Street Engine (@wallstengine) March 30, 2026
Individual weekly purchases have increased significantly. During the week of March 2-8, Strategy acquired 17,994 BTC at an average price of approximately $76,000, funded by $900 million from the sale of Class A common stock and $377 million from discounted STRC stock. The following week, from March 9th to 15th, there were $1.57 billion in BTC purchases, the largest single-week increase of the year. By March 23, the pace was already beginning to compress. Strategy added just 1,031 BTC at an average price of $74,326. This is just a fraction of the previous two weeks’ trading volume.
The company’s treasury currently holds 762,099 Bitcoins at an average acquisition price of $75,694 per token, representing over 2.8% of the total BTC supply. This concentration has made Strategy’s weekly purchase announcements more than just corporate disclosures, but structural events for market participants tracking trends in liquid supplies.
Without weekly bidding, one of the most consistent sources of programmatic buy-side pressure in the spot market is silenced.
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Why STRC’s funding engine stopped working
The structural explanation for the suspension centers on the offering of STRC preferred stock. STRC is designed to attract yield-focused retail investors to fund BTC purchases, and this mechanism only works when stocks are trading above par. By the week ending March 23, STRC had fallen below $100, effectively closing its space and removing the funding vehicle that had supported several large weekly additions in consecutive increases.
With STRC no longer participating, Strategy’s remaining power appeared to be limited to last week’s $76.5 million in MSTR common stock ATM sales, which was insufficient to finance acquisitions of the size that characterized the peak week of the streak.
Strategy announced a new $21 billion $STRC ATM program and a new $21 billion $MSTR ATM program. https://t.co/l1kyJTFtze
— Strategy (@Strategy) March 23, 2026
The company also announced a new $4.2 billion STRD perpetual preferred product with an annualized yield of 11.5% that resets monthly, positioning it as what Thaler described as the “fourth gear” of the BTC funding stack. The strategy also disclosed $2.25 billion in U.S. dollar reserves covering an estimated 60 to 100 days of preferred dividend obligations.
Saylor directly addressed the hiatus, writing, “We’ll just have to wait for a few weeks,” viewing the hiatus as a deliberate hold rather than a strategic retreat. CEO Von Leh maintained that 2026 remains a pivotal year for the company’s fundraising strategy and Bitcoin in general, with BTC balances at $65 billion, even though MSTR stock is down about 60% year over year.
The end of the STRC funding window does not cancel your savings plan. Stop one gear.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanisms. A crypto native since 2017, Daniel leverages his background in on-chain analytics to write evidence-based reports and detailed guides. He holds certifications from The Blockchain Council and is dedicated to providing “information acquisition” that breaks through the market hype and finds real-world blockchain utility.
