MicroStrategy, now rebranded as Strategy, ended its 13-week consecutive Bitcoin buying streak in the week of March 30, 2026. This pause occurred despite the company having purchased a staggering 44,377 Bitcoin throughout March, which represented 94% of all public-company BTC acquisitions for the month. The firm funded these purchases with $1.18 billion from STRC ATM sales and $396 million from MSTR ATM sales, including a single-week purchase of 22,305 BTC—one of the largest in corporate history.
However, this aggressive accumulation contrasts sharply with the performance of its stock (MSTR). The stock has posted negative returns for nine consecutive months, with a 2025 year-to-date return of -47.53% and a 2026 figure around -19.27%. The stock has fallen roughly 60% from its November 2024 all-time high of $473.83, trading near $124.83 at the time of reporting.
A technical analysis reveals a concerning pattern for MSTR stock. A bullish RSI divergence on the 4-hour chart triggered a 6.31% bounce from recent lows on April 1. This mirrors three prior divergence-driven rallies since December 2025, but each subsequent bounce has been progressively smaller (24.52%, 14.72%, 7.07%). The weakening rallies correlate with a declining Chaikin Money Flow (CMF), an indicator of institutional buying pressure. The current bounce unfolded with CMF at -0.34, its deepest negative reading in the sequence, suggesting fading institutional conviction.
The broader corporate Bitcoin sector showed significant weakness in March. Total public company purchases exceeded 47,000 BTC, but sell-offs by nine firms—led by MARA Holdings reducing its position by 15,133 BTC—reduced net monthly additions to roughly 25,000 BTC. Excluding MicroStrategy, only about 15 companies added a combined 3,000 BTC, making March one of the weakest months for corporate buying on record.
MicroStrategy's Bitcoin holdings now stand at 762,099 BTC, acquired at an average cost of $75,699 per coin, worth roughly $52.36 billion at a Bitcoin price of $68,698. The stock retains a near-perfect short-term correlation with Bitcoin (0.93 over 7 days), making its price heavily dependent on BTC's momentum. Analysts note that if the rest of the corporate sector continues to retreat, it raises questions about the sustainability of a model where one company accounts for nearly all new institutional demand.
