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Strategy suspects Bitcoin purchases may pause; 13-week consecutive accumulation record could come to an end
ChainCatcher news, Strategy Executive Chairman Michael Saylor did not release the usual orange dot Bitcoin tracking post this Sunday, marking the first time in 13 weeks. The market speculates that the company may have paused its weekly purchasing plan. Saylor is instead promoting the company’s perpetual preferred stock STRC, emphasizing its 30-day volatility is lower than all components of the S&P 500 and offering an annual interest rate of 11.5%.
Since December of last year, Strategy has accumulated approximately 90,831 Bitcoins, bringing its total holdings to 762,099 with an average price of around $75,694. The company has also recently launched a $42 billion stock issuance plan, gradually shifting its focus towards preferred stock financing. Monday’s 8-K filing will reveal whether the company has indeed paused its purchases.