Strategy Pauses its Bitcoin Purchases
Strategy is suspending its Bitcoin purchases this week. After 108 transactions, Michael Saylor’s company now holds 818,334 BTC. The decision comes just two days before the release of its quarterly earnings. Crypto market analysts are watching closely.
En bref
- Strategy (Nasdaq: MSTR) made no Bitcoin purchases this week.
- The company holds 818,334 BTC, about 3.9% of total supply.
- The pause comes ahead of Q1 earnings release on May 6, 2026.
- Wall Street expects a loss of $18.98/share for Q1 2026.
A pause in the Bitcoin buying cycle
For months, crypto investors have been watching Saylor’s orange chart. Many consider it a weekly signal of institutional Bitcoin buying. This time, the May 3, 2026 message changed everything. Saylor posted on X:
No buys this week. Back to work next week.
This marks the second pause of the year, following the one between March 23 and 29. The dashboard still shows 818,334 BTC, valued at approximately $64.44 billion. The average purchase price stands at $75,537 per unit. Bitcoin was trading around $78,533 at that time.
The previous week, Strategy added 3,273 BTC to its treasury, representing roughly $255 million at an average price of $77,906. This brings the annualized BTC yield to 9.6%.
Q1 results: Strategy’s Bitcoin under financial pressure
Strategy will publish its Q1 earnings on Tuesday, May 6, 2026. Wall Street expects a loss of $18.98 per share, compared to $16.38 in Q1 2025. This deterioration reflects the company’s direct exposure to Bitcoin price fluctuations.
The balance sheet shows:
- $8.25 billion in debt
- $2.25 billion in USD reserves
- 9% net leverage
Annual dividends reach $1.49 billion. The stock’s implied volatility remains high at 64%.
The STRC preferred stock is also under scrutiny. Some crypto investors consider it risky in case of a BTC downturn. On the other hand, Benchmark analyst Mark Palmer defends it as a “deliberate and durable” structure to convert demand into Bitcoin exposure.
In any case, Strategy is slowing down. This pause is a reminder that even the largest Bitcoin holders remain subject to financial market constraints. Institutional adoption of Bitcoin is never linear.
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.