MicroStrategy pauses buys
For the first time in 13 weeks MicroStrategy didn’t announce a new Bitcoin purchase, a notable tactical pause for the firm. Michael Saylor is instead promoting MicroStrategy’s STRC preferred stock, which the company touts as carrying an ~11.5% yield. (mitrade.com) (ainvest.com)
The company’s Monday disclosure window for the week ending March 28, 2026 showed no Form 8‑K announcing a Bitcoin purchase and Michael Saylor skipped his customary Sunday “Orange Dot” on X, instead using the post to promote the STRC preferred share. (coindesk.com) STRC’s dividend was reset to an 11.50% annual rate for March 2026 and the security is a variable‑rate, perpetual preferred intended to trade near a $100 stated amount with monthly cash payments. (coindesk.com) The company filed an 8‑K on March 23, 2026 that expanded its at‑the‑market capacity into roughly $42 billion of potential equity issuance, split approximately $21 billion for common stock and $21 billion for STRC preferred shares. (coinalertnews.com) In the prior filing disclosed March 23, the firm reported buying 1,031 BTC for about $76.6 million at an average price near $74,326, bringing total disclosed holdings to 762,099 BTC. (cointelegraph.com) Chief executive Phong Le told Bloomberg in mid‑February the company “will start to transition from equity capital to preferred capital,” saying the preferred instruments are being scaled to fund future Bitcoin purchases. (bloomberg.com) STRC was introduced in July 2025 and the company’s prospectus and subsequent supplements show the security’s structure and initial raise details (including a roughly $2.47 billion tranche at launch), while market reports note STRC’s dividend rate has been adjusted multiple times since launch. (sec.gov)
