MicroStrategy Halts 13-Week Bitcoin Buys, Shares Rally 6.3% as Dividend Held at 11.5%
MicroStrategy halted 13 weeks of Bitcoin purchases, causing shares to drop ~9.5% before a technical-driven 6.31% bounce as Chaikin Money Flow fell to –0.34 and RSI divergences triggered smaller rallies (24.5%, 14.7%, 7.1%, now 6.3%). The company also held its Stretch preferred dividend at 11.5%, with STRC trading near $100.
1. Bitcoin Purchase Pause and Share Reaction
MicroStrategy ended a 13-week Bitcoin accumulation streak during the week of March 30, causing its share price to decline approximately 9.51% before the latest technical bounce. The stock remains closely tied to Bitcoin with a 0.93 rolling 7-day correlation, reflecting crypto momentum in its equity performance.
2. Technical Indicators Show Diminishing Rallies
A bullish RSI divergence on the 4-hour chart triggered a 6.31% rebound from the recent low, following prior rallies of 24.52%, 14.72% and 7.07%. However, Chaikin Money Flow readings have progressively declined to –0.34, suggesting fading institutional support for further upside.
3. Stretch Preferred Dividend Held at 11.5%
For the first time since its July 2025 debut, Stretch preferred stock dividends were maintained at 11.5%, halting seven consecutive monthly hikes. STRC shares trade near par at $100.02, and proceeds from these yields fund MicroStrategy’s Bitcoin treasury purchases.