Strategy Pauses Weekly Bitcoin Buys, Shifts Focus to $4.2B Stock Offering

After nearly three months of relentless Bitcoin accumulation, leading corporate BTC holder Strategy has halted its weekly purchases — but not its expansion plans.

Chairman Michael Saylor took to X on Sunday, signaling the break with a characteristic nod to crypto culture: “Some weeks you just need to HODL.” The pause breaks a buying streak that began on April 14, during which the firm added nearly $7 billion in Bitcoin throughout Q2.

Despite the break, Strategy remains full throttle in its financial engineering. Saylor unveiled a new $4.2 billion at-the-market offering of its high-yield preferred stock STRD, dubbed by him as the “fourth gear” of the company’s Bitcoin accumulation strategy. According to an investor deck, the STRD offering is built for “yield-focused” investors seeking long-duration income with overcollateralized backing.

STRD joins Strategy’s suite of alternative stock instruments — STRK and STRF — each designed to appeal to different investor appetites, while ultimately fueling the firm’s Bitcoin buying ambitions. Earlier in June, Strategy raised nearly $1 billion from STRD’s initial launch.

With over 595,000 BTC now on its books — valued at approximately $65 billion — Strategy controls more than 2.8% of Bitcoin’s total circulating supply. The firm disclosed an unrealized gain of $14.05 billion from Bitcoin holdings in the last quarter alone.

While Bitcoin hovered near $108,110 on Monday, down 0.7% on the day, it remains up 2.3% for the month. Shares of MSTR dipped slightly alongside major indices, closing down 0.75% at $400.96, but are still riding a 39% gain year-to-date.

Even without a Bitcoin buy this week, Strategy’s message is clear: the accumulation isn’t over — it’s just shifting gears.