Cryptocurrencies

Saylor’s Strategy Takes Break After 13 Consecutive Weeks of Bitcoin Buying

Strategy Co-Founder and Chairman Michael Saylor

Photographer: Ronda Churchill/Bloomberg

Just days after unveiling plans to raise $42 billion to bolster its purchases of Bitcoin, Michael Saylor’s Strategy Inc. took a pause after 13 consecutive announced weekly acquisitions of the cryptocurrency.

What Saylor - the co-founder and chairman of the largest corporate owner of Bitcoin - announces each Monday has become somewhat of a barometer of sentiment for the digital asset market. No purchases were made in the seven days ended March 29, according to a US Securities and Exchange Commission filing today.