MicroStrategy (MSTR) has temporarily halted its weekly Bitcoin accumulation after a 13-week streak, citing tightening capital access and funding conditions. The company reported no Bitcoin purchases for the week ending March 29, 2026, marking the first interruption in its consistent buying pattern since December 2025. This pause was disclosed in a Form 8-K filing.
The halt coincided with a sharp drop in corporate Bitcoin accumulation, with net weekly purchases falling nearly to zero. As of March 29, MicroStrategy's treasury held approximately 762,099 BTC, acquired at an aggregate cost of $57.69 billion and an average purchase price of about $75,694 per Bitcoin.
However, the pause appears short-lived. Analysis suggests MicroStrategy is poised to restart its Bitcoin buying engine as early as the week of April 1, 2026. The mechanism involves its Series C Convertible Preferred Stock (STRC), which closed at $100.02 on Tuesday, just above its $100 par value. Trading at or above par allows the company to issue new shares to raise capital for Bitcoin purchases.
Estimates from STRC.LIVE indicate that by Tuesday's close, MicroStrategy had raised enough capital to fund the purchase of over 1,111 BTC, equivalent to approximately $76.25 million. This is a significant shift from the prior week when STRC traded mostly below par, generating no estimated BTC purchases.
The potential resumption of buying has coincided with a 5% bounce in Bitcoin's price, briefly pushing BTC/USD near $69,300. This mirrors historical patterns where active MicroStrategy accumulation has provided price support. For instance, in the week ending March 15, the company purchased 22,337 BTC worth ~$1.57 billion, during which Bitcoin rose over 10%. Conversely, Bitcoin fell 14.55% over the subsequent two weeks, roughly aligning with MicroStrategy's buying pause.
Looking ahead, MicroStrategy unveiled a $44.1 billion capital-raising capacity on March 23 to fund future Bitcoin purchases via STRC and other preferred stock sales, signaling its intent to remain a major source of institutional Bitcoin demand.
From a technical analysis perspective, Bitcoin's recent rebound began after retesting the lower boundary of a bear flag pattern. Analysts suggest that if the recovery gains traction, potentially boosted by renewed MicroStrategy buying, BTC could advance toward the flag's upper trendline near $80,000 in April. Conversely, a loss of support could see a bearish breakdown toward the $49,000–$50,000 zone.
