Michael Saylor\u2019s Strategy has halted its weekly bitcoin purchases for the first time in over a year, maintaining total holdings at 762,099 BTC.<\/p>\n
The company didn\u2019t disclose an SEC filing this week. That means it made no bitcoin acquisitions between March 23 and March 29, snapping a 13-week buying streak that added more than 90,000 BTC.<\/p>\n
Strategy\u2019s stack \u2014 acquired<\/a> at an average price of $75,694 \u2014 represents over 3.6% of Bitcoin\u2019s fixed 21 million supply, with unrealized losses of roughly $6 billion at current prices.<\/p>\n The pause comes as the firm refrains from issuing new equity through its at-the-market programs, which have historically funded its aggressive bitcoin accumulation strategy.<\/p>\n Last week, Strategy purchased<\/a> 1,031 bitcoin for $76.6 million at an average price of $74,326, marking a slowdown after deploying over $1 billion in the prior two weeks.<\/p>\n Also last week, Strategy moved to significantly expand<\/a> its capital-raising capacity, adding new Wall Street sales agents and authorizing up to $42.1 billion in additional at-the-market equity and preferred offerings.<\/p>\n The company established new programs to issue up to $21 billion in common stock, $21 billion in STRC preferred shares, and $2.1 billion in STRK preferred, while continuing to utilize existing shelf registrations.<\/p>\n It also restructured its preferred stock mix by sharply increasing authorization for its floating-rate STRC series and reducing STRK shares, signaling a strategic tilt toward more flexible, rate-linked financing.<\/p>\n Strategy is best understood as a bitcoin treasury company \u2014 a public firm that raises capital to acquire and hold Bitcoin, effectively turning its stock into a leveraged proxy for the asset.<\/p>\n Led by Saylor, the company has pivoted from enterprise software over the last few years to aggressively accumulating bitcoin through equity, debt, and preferred stock, framing the approach as a long-term bet on BTC as \u201cdigital capital.\u201d<\/p>\nBitcoins Strategy\u2019s capital raise<\/h2>\n
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