Strategy (MicroStrategy) may have skipped its weekly Bitcoin (BTC) purchase for the first time since the end of December, which could end a 13-week buying streak.
Chairman Michael Saylor did not post his usual “Orange Dot” post on X (Twitter) on Sunday. Instead, he chose to promote Stretch (STRC), the company's perpetual preferred stock. An 8-K report on Monday will show whether the company actually paused or quietly added new holdings.
What happened to MicroStrategy's orange dots
For about 13 weeks in a row, Saylor has posted a Bitcoin purchase chart on Sundays with orange markers showing upcoming purchases.
A detailed 8-K report has since come out on Monday morning, and the routine has become a reliable signal for traders following the company's weekly purchases.
During the period that started at the end of December, Strategy purchased approximately 90,831 BTC. The company now owns 762,099 Bitcoin at an average purchase price of 75,694 USD per coin, according to their corporate dashboard.
This Sunday, however, Saylor chose to focus entirely on STRC's development.
“In the last 30 days, STRC has been less volatile than all companies in the S&P 500—and all major asset classes—while the dividend yield has landed at 11.5%,” he wrote.
STRC is in the spotlight
The timing for the focus shift is not random. Strategy filed for a 42 billion USD at-the-market stock program on March 23, evenly split between 21 billion USD in MSTR common stock and 21 billion USD in STRC preferred stock.
A separate 2.1 billion USD ATM program for STRK preferred series has also been announced.
STRC provides a fluctuating annual dividend, currently at 11.5% for March 2026. The dividend has increased seven months in a row since it started trading in July 2025.
The dividend is adjusted each month and is designed to keep the stock price close to the nominal value of 100 USD while reducing volatility.
Saylor claimed in a later post that the annual bitcoin yield required to sustain the STRC dividend long-term is around 2.13%, which is much lower than BTC's historical performance.
CEO Phong Le said earlier in February that Strategy is shifting from common stock issuance to preferred shares as the main method for financing upcoming BTC purchases.
What the silence may mean
The missing signal comes as Bitcoin trades at 66,389 USD, about 47% down from the all-time high of over 126,000 USD in October 2025. At the same time, MSTR stock has also fallen about 76% from the November 2024 peak.
But a missed Sunday post does not necessarily mean a pause in purchases. Strategy may still announce a purchase in Monday's 8-K report. The company has sometimes varied its signal patterns in the past.
Strategy has also officially paused purchases earlier. The company made brief stops in early July 2025 and again in early October 2025. Both were temporary halts.
If Monday's report shows that no new BTC has been purchased, it will be the first time in a long while without new purchases, after 90,831 Bitcoin since the end of December.
If a purchase is announced, the silence may simply be because Saylor now tactically wants to highlight STRC right now as the product grows.