MicroStrategy's Bitcoin Buying Streak May Have Ended

MicroStrategy, a well-known investor in Bitcoin (BTC), may have paused its weekly purchases of the cryptocurrency. The company's executive chair Michael Saylor skipped his customary Sunday 'Orange Dot' post on X (Twitter), which has become a reliable signal for traders tracking the firm's weekly buys.

The 'Orange Dot' tracker, which Saylor has been posting every Sunday since late December, typically signals upcoming purchases of BTC. However, this weekend he pivoted to promoting Strategy's (STRC) perpetual preferred stock instead. A Monday 8-K filing will confirm whether the company actually paused or quietly added to its holdings.

MicroStrategy has been actively purchasing BTC for 13 weeks, acquiring approximately 90,831 tokens at an average price of $75,694 per token. The company now holds a total of 762,099 Bitcoin, according to its corporate dashboard.