Strategy pauses bitcoin buys before Tuesday earnings
Michael Saylor says the company will resume purchases next week, but the pause lands as analysts focus on losses and the growing complexity of Strategy’s preferred-stock funding machine.
What to know:
- Strategy, formerly MicroStrategy, has temporarily paused its weekly bitcoin purchases ahead of its first-quarter earnings report, only the second such pause this year.
- The company now holds about 818,334 bitcoin, or roughly 3.9 percent of the total supply, and is expected to report higher revenue but a per-share loss for the quarter.
- Investors are increasingly valuing Strategy as a bitcoin financing vehicle rather than a software firm, focusing on its capital-raising engine and products like its high-yield STRC preferred shares, which could appear riskier if bitcoin sentiment sours.
“No buys this week. Back to work next week,” Saylor wrote on X.
No buys this week. Back to work next week. $BTC pic.twitter.com/lqliYZPAf4
— Michael Saylor (@saylor) May 3, 2026
The pause is only the second this year for Strategy, formerly MicroStrategy, which has turned itself into the largest publicly traded bitcoin treasury company and one of the most closely watched proxies for institutional BTC exposure. The company last skipped a weekly purchase during the week of March 23 to March 29.
Strategy currently holds 818,334 BTC, equal to nearly 3.9% of bitcoin’s fixed 21 million supply. Its most recent purchase added 3,273 BTC at an average price of $77,906 per bitcoin. BTC was trading near $80,100 in Asian morning hours Monday, up about 20% over the past month.
