Strategy has temporarily stopped adding Bitcoin to its balance sheet, marking its first weekly pause in more than three months.
The move, disclosed in a recent company filing, appears to reflect a timing adjustment as the current quarter draws to a close rather than a shift in overall strategy.
According to the filing, the company neither purchased Bitcoin nor issued shares through its at-the-market (ATM) program over the past week. This stands in contrast to a consistent accumulation pattern that had defined its activity in recent months.
Key Points
- Strategy made no Bitcoin purchases this week, ending a multi-month accumulation streak.
- The company also issued no shares through its at-the-market (ATM) program during the same period.
- Bitcoin buying had already slowed sharply, dropping from $1.6 billion to $76.6 million in the prior week.
- Strategy’s total Bitcoin holdings stand at 762,099 BTC, worth roughly $52 billion.
- The firm is shifting its funding model toward preferred shares while maintaining its long-term 1 million BTC target.
Sharp Decline in Weekly Purchases
This pause follows a significant deceleration in buying momentum. In the week ending March 22, 2026, Strategy acquired roughly $76.6 million in Bitcoin. That figure represents a sharp drop from the $1.6 billion spent in the prior week.
Despite this slowdown, the firm’s overall holdings remain substantial. Strategy currently holds 762,099 Bitcoin, valued at roughly $52 billion.
Meanwhile, broader market conditions have been less favorable. Data from CoinGecko indicates Bitcoin was trading near $67,912 at the time of reporting, down 22.5% since the start of the year, underscoring ongoing volatility.
Legal Dispute Resolved Ahead of Shareholder Vote
Alongside the operational pause, the company has also resolved a pending legal dispute. A class action lawsuit filed by David Dodge in July 2025 has been settled.
The case focused on alleged voting rights concerns tied to the STRK Amendment. According to the company’s disclosure, the matter was dismissed as moot under a March 12 agreement.
Following this resolution, Strategy plans to seek formal shareholder approval for the amendment at its next annual meeting. In addition, the firm agreed to pay $550,000 toward the plaintiff’s legal fees, closing the issue without further litigation.
Shift Toward Preferred Shares for Funding
Alongside these developments, Strategy is also refining its funding approach. Chief executive Phong Le indicated that the company plans to reduce its reliance on common stock issuance.
Instead, the focus is shifting toward preferred shares as a more stable financing tool. This adjustment aims to limit dilution for existing shareholders while maintaining consistent access to capital.
To support this strategy, the company introduced a $42 billion ATM program in January 2025. The offering is evenly divided between MSTR common shares and STRC perpetual preferred shares, with $21 billion allocated to each.
In parallel, Strategy established an additional $2.1 billion facility tied to its STRK preferred series. Combined, these initiatives provide a total fundraising capacity of $44.1 billion.
Cost Implications and Long-Term Targets
However, this funding shift comes with trade-offs. STRC preferred shares carry an annual dividend of 11.5%. The company noted that this rate has increased steadily for seven consecutive months since July 2025.
The goal is to keep these shares trading close to their $100 par value, thereby ensuring predictable financing conditions. Even so, a larger preferred share base introduces fixed financial commitments that persist regardless of Bitcoin’s price movements.
Despite these added costs, Strategy’s long-term ambition remains unchanged. The company aims to hold one million Bitcoin by the end of 2026. To achieve this, it must acquire an additional 237,901 coins within roughly nine months.
Taken together, the pause in purchases, legal resolution, and funding shift reflect a period of adjustment rather than retreat. Strategy is balancing short-term caution with long-term conviction, keeping its Bitcoin accumulation plan on track.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
