Crypto stocks dropped on Monday. Bit Digital fell 6.8%; CleanSpark, Strategy fell over 5%; MARA fell over 4%; Riot Platforms fell 3%.

US Bitcoin exchange-traded funds recorded their longest run of weekly net outflows since listing in January last year as US President Donald Trump’s tariffs drove a wider retreat from riskier assets.

Investors pulled over $5.5 billion in total from the group of 12 ETFs over the past five weeks, data compiled by Bloomberg show. The record outflows started shortly after Trump returned to the White House, underscoring how even crypto investors have focused more on the trade war he ignited than on his crypto-friendly policies like creating a digital-asset stockpile.

Michael Saylor’s Strategy said it bought $10.7 million of Bitcoin, a week after unveiling plans to issue up to $21 billion of preferred stock to acquire more of the cryptocurrency.

The enterprise software company turned leveraged Bitcoin proxy controlled by co-founder and chairman Saylor has been buying Bitcoin on a frequent basis since late October. The former MicroStrategy purchased 130 Bitcoin at an average price of approximately $82,981 from March 10 through March 16, according to a filing with the US Securities and Exchange Commission on Monday. It now hold about $41.6 billion of Bitcoin.

The preferred stock sale would add a lever for the company as it seeks to secure $42 billion over the next few years by selling securities to buy Bitcoin — with an increasing focus on its ability to sell fixed-income securities after flooding the market with common shares.