Strategy paused its Bitcoin ( BTC ) accumulation via STRC preferred stock after failing to raise fresh capital since Friday, marking a notable shift after two aggressive weeks of buying. Strategy’s STRC dashboard ft. at-the-market sales. Source: STRC.LIVE Key takeaways : STRC has dipped below its $100 par value, forcing Strategy to halt its Bitcoin buying spree. Previous STRC dips below $100 have coincided with declines in BTC prices. STRC drops below $100 par value The pause coincided with STRC trading below its $100 par value, a key threshold for Strategy’s at-the-market (ATM) issuance model. STRC share price performance. Source: BitcoinQuant.CO STRC is a yield-focused preferred stock , which income investors buy for monthly dividends. Strategy typically issues new shares only when STRC trades at or above par to raise capital efficiently. When the price falls below $100, the company must offer better terms or sell at a discount, making issuance unattractive. As a result, the funding channel shuts off, stalling STRC-backed BTC buys, which appears to be the case since Friday. Before the pause, Strategy was in heavy accumulation mode, buying 22,337 BTC in the week ending March 15 , partly funded by about $1.18 billion in STRC-linked sales. STRC ATM analysis. Source: BitcoinQuant.CO The week before, it bought another 17,994 BTC , with roughly $377 million coming from STRC proceeds. In total, Strategy added over 40,000 BTC in two weeks, with STRC serving as a key funding source. That’s roughly six times the total Bitcoin mined over the same two-week period. STRC fractals hint at BTC dipping below $70,000 Historically, pauses in Strategy’s STRC-driven Bitcoin accumulation aligned with short-term BTC pullbacks. For instance, after STRC slipped below its $100 par value in January, Bitcoin fell nearly 40% over the next three weeks. BTC/USD vs. STRC daily performance chart. Source: TradingView A similar setup in November 2025 preceded a BTC price decline of around 25%, suggesting that the latest STRC move below $100 could again raise the risk of a near-term BTC price pullback. Related: Bitcoin’s ‘powerful move’ nears as Bollinger Bands warn of volatility The chances of a drop are high as Bitcoin pulls back after testing $76,000 , a level coinciding with the upper boundary of its prevailing bear flag pattern. BTC/USD daily chart. Source: TradingView BTC could slide toward the $66,000–$68,000 area, which aligns with the pattern’s lower trendline support, if the correction persists this week. A bear flag breakdown, on the other hand, risks sending the Bitcoin price to as low as $51,000 . This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.