Strategy Halts Bitcoin Buying Spree After Prolonged Streak

A prominent investor in bitcoin has halted its buying spree after a remarkable 13-week streak, according to recent regulatory filings.

The company, led by co-founder and chairman Michael Saylor, has been actively purchasing the digital currency since November last year. However, this week's SEC filing indicates that no new bitcoins were acquired during the period ended March 29.

This pause comes on the heels of Strategy announcing plans to raise $42 billion through a combination of equity and debt sales. The company aims to sell $21 billion in Class A common stock and another $21 billion in perpetual preferred shares via open market offerings.