Strategy has paused bitcoin accumulation funded through its STRC preferred stock after failing to raise fresh capital since Friday.
The halt came as STRC traded below its $100 par value, a level Strategy typically needs for its at-the-market issuance model to work efficiently.
Why the STRC level matters
STRC is a yield-focused preferred stock that pays monthly dividends.
Strategy generally issues new STRC shares when the price is at or above par, because selling below $100 would mean issuing at a discount or offering better terms.
With STRC under par, that funding channel effectively closes, stalling STRC-backed bitcoin purchases.
Two weeks of heavy accumulation
Before the pause, Strategy was buying aggressively.
It purchased 22,337 BTC in the week ending March 15, partly funded by about $1.18 billion in STRC-linked sales.
The prior week, it bought another 17,994 BTC, with roughly $377 million coming from STRC proceeds.
In total, Strategy added more than 40,000 BTC in two weeks.
That amount was described as roughly six times the bitcoin mined over the same period.
Prior pauses and BTC pullbacks
Cointelegraph noted that earlier STRC dips below $100 coincided with BTC declines.
After STRC slipped under par in January, bitcoin fell nearly 40% over the next three weeks.
A similar setup in November 2025 preceded a BTC drop of around 25%.
