Strategy Faces Limits on Bitcoin Buying Amid Weak Stock Performance
Strategy’s capacity to make large Bitcoin purchases appears limited after its common and preferred shares underperformed last week.
Executive Chairman Michael Saylor confirmed that the publicly traded firm, the largest corporate holder of Bitcoin, added to its holdings over the past week as BTC hovered near $78,844.44.
Saylor often previews Bitcoin purchases with weekend posts featuring orange dots—a signal typically followed by a formal Monday announcement.
However, Strategy’s common stock dropped 6% over the week, closing below $150 per share, likely restricting capital raised through at-the-market (ATM) programs and, in turn, the amount of Bitcoin the company could acquire.
The company’s perpetual preferred stock, Stretch (STRC), traded below its $100 par value all week, blocking ATM issuance for that instrument. Strategy recently boosted the dividend rate to help lift STRC’s price.
Since the start of the year, the firm has acquired roughly 40,000 BTC, bringing total holdings to approximately 712,647 BTC.
Bitcoin is currently trading near $78,000.
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