Strategy’s Bitcoin Purchases Limited by Weak Stock Performance

Strategy’s ability to fund large Bitcoin acquisitions appears constrained after a down week for its common and preferred shares.

Michael Saylor, Executive Chairman of Strategy (MSTR), confirmed the company, the largest publicly traded holder of Bitcoin, added to its holdings over the past week, with BTC trading around $78,844.

Saylor often previews purchases with weekend posts featuring orange dots, a signal typically followed by an official Monday announcement.

The company’s common stock fell 6% last week, closing below $150 per share, likely limiting capital raised through at-the-market (ATM) programs and restricting the size of new Bitcoin buys.

Strategy’s perpetual preferred stock, Stretch (STRC), also traded below its $100 par value all week, preventing ATM issuance tied to that instrument. The firm recently raised STRC’s dividend rate to support its price.

Since the start of the year, Strategy has added roughly 40,000 BTC, bringing total holdings to approximately 712,647 BTC.

Bitcoin is currently trading near $78,000