Strategy is taking a breather from buying bitcoin.
Michael Saylor said Sunday the company would not add to its bitcoin holdings this week, pausing its regular purchase program ahead of Tuesday’s first-quarter earnings release.
“No buys this week. Back to work next week,” Saylor wrote on X.
The pause is only the second this year for Strategy, formerly MicroStrategy, which holds 818,334 BTC-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.
With BTC trading near $80,100, some Wall Street analysts expect a loss of $18.98 per share for Q1. Revenue is expected around $125 million, up about 12.6% from a year earlier, but earnings remain under pressure.
Strategy is no longer valued as a software firm but as a bitcoin financing vehicle. Tuesday’s report will be judged on the durability of Saylor’s capital-raising machine, which now includes the STRC perpetual preferred share product-offering an 11.5% variable dividend but raising concerns about scalability if sentiment weakens.
Saylor says the buying resumes next week, but Tuesday’s earnings will test investor confidence in the machinery.