MicroStrategy pauses its 13-week streak of buying Bitcoin and promotes STRC preferred stock.

MicroStrategy’s Executive Chairman Michael Saylor did not release the iconic “orange dot” Bitcoin accumulation chart on March 29, breaking a streak of 13 consecutive buy signals since late December 2025. Instead, Saylor promoted the company’s perpetual preferred stock STRC as the core message of the day.

Significance of the Orange Dot Signal: Establishment and Interruption of 13-Week Buy Record

(Source: MicroStrategy)

Since late December 2025, Saylor has consistently posted the Bitcoin accumulation chart marked with an orange dot on social media every Sunday as a forward-looking signal for upcoming purchases, confirming specific buy quantities through an 8-K filing every Monday. This “orange dot signal → 8-K confirmation” model has become a reliable indicator for the market to track MicroStrategy’s buying dynamics.

During the 13-week buying period, MicroStrategy accumulated approximately 90,831 Bitcoins, bringing the total holdings to 762,099 coins.

Key Data on MicroStrategy’s Current Holdings

Total Bitcoin Holdings: 762,099 coins

Average Purchase Cost: $75,694 per coin

Cumulative Buy in 13 Weeks: Approximately 90,831 coins

Current Bitcoin Price: $66,389 (approximately 47% down from the October 2025 peak of $126,000)

MSTR Stock Price: Approximately 76% down from the November 2024 peak

MicroStrategy previously paused acquisitions briefly in early July and early October 2025, with both interruptions being temporary, ultimately resuming continuous buying. The absence of the orange dot signal on Sunday does not necessarily indicate the end of buying; the Monday 8-K filing will provide a clear answer.

STRC Becomes the Focus: Structural Shift in MicroStrategy’s Financing Strategy

(Source: MicroStrategy)

Saylor highlighted STRC’s recent performance in his Sunday post: “In the past 30 days, $STRC’s volatility has been lower than that of all companies in the S&P 500 index, as well as all major asset classes, while also providing an 11.5% dividend yield.”

STRC is MicroStrategy’s perpetual preferred stock, with dividends reset monthly, designed to keep the stock near a par value of $100. Since it began trading in July 2025, the annualized dividend rate has been raised for seven consecutive months and is currently set at 11.5%.

On March 23, MicroStrategy submitted a $42 billion At-the-Market (ATM) financing plan, with $21 billion allocated for MSTR common stock and $21 billion for STRC preferred stock, additionally announcing an extra $2.1 billion in ATM financing for the STRK preferred stock series.

CEO Phong Le stated in February that the company is gradually shifting from issuing common stock to preferred stock as the primary financing tool for future Bitcoin purchases. Saylor also noted that the annualized Bitcoin return required to maintain the STRC dividend is only about 2.13%, significantly lower than BTC’s historical performance, theoretically ensuring long-term sustainability. The change in the signal on Sunday may reflect a strategic adjustment in MicroStrategy’s focus on promoting preferred stock rather than announcing an end to buying.

Frequently Asked Questions

What is MicroStrategy’s “orange dot” signal and why is the market highly focused on it?

The “orange dot” is the Bitcoin accumulation chart that Michael Saylor publishes on social media every Sunday, marked with an orange dot to forecast upcoming purchase plans, with the subsequent 8-K filing every Monday serving as formal confirmation. This routine has become a forward-looking indicator for the market to judge MicroStrategy’s buying intentions, attracting numerous traders and analysts to track regularly.

How much Bitcoin does MicroStrategy currently hold and what is the profit/loss situation?

MicroStrategy holds a total of 762,099 Bitcoins, with an average purchase cost of $75,694 per coin. The current Bitcoin price is $66,389, approximately 12% lower than the average cost, putting the company’s holdings in a state of unrealized loss.

What is the relationship between STRC preferred stock and MicroStrategy’s Bitcoin purchasing strategy?

MicroStrategy is shifting its financing sources from MSTR common stock to preferred stocks like STRC to support the ongoing Bitcoin purchasing plan with lower capital costs. The annualized Bitcoin return required to maintain the STRC dividend is only about 2.13%, significantly lower than BTC’s historical average performance, which is the core basis for the sustainability of its long-term strategy.