Strategy Pauses BTC Purchases Ahead of Q1 Earnings
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Strategy Pauses BTC Purchases Ahead of Q1 Earnings

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Strategy currently holds 818,334 BTC, representing approximately 3.9% of Bitcoin's total 21 million supply.

Strategy Pauses BTC Purchases Ahead of Q1 Earnings

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Bitcoin News

Strategy, the world's largest corporate Bitcoin treasury, will not purchase BTC this week, founder and chairman Michael Saylor announced Sunday on X. "No buys this week. Back to work next week," Saylor wrote. It is the company's second pause in weekly acquisitions this year, with the first occurring during the week of March 23-29.

The pause precedes Strategy's first-quarter earnings release scheduled for Tuesday. Wall Street analysts are projecting a loss of $18.98 per share, according to Yahoo Finance. The company reported a loss of $16.38 per share in the first quarter of 2025.

Strategy currently holds 818,334 BTC, representing approximately 3.9% of Bitcoin's total 21 million supply. Its most recent acquisition, completed last week, added 3,273 BTC at an average price of $77,906 per coin. BTC was trading at $80,101 as of Sunday evening, up 20% over the prior 30 days.

The company funds its acquisitions primarily through at-the-market sales of its Class A common stock, MSTR, and through perpetual preferred shares. One of those instruments, STRC, has drawn attention from analysts and investors. STRC is designed to trade near $100 while paying a variable monthly dividend, currently running at approximately 11.5% annualized.

K33 Head of Research Vetle Lunde wrote in a March report that the growing link between Strategy's Bitcoin accumulation activity and STRC introduces structural risks tied to market sentiment and pricing. Lunde noted that STRC holders face capped upside through dividends while carrying potential downside during market drawdowns, and said extended trading below its target level could shift the instrument toward a credit-like risk profile.

Strategy has otherwise maintained a consistent acquisition pace through 2026, continuing to add to its holdings as BTC has recovered from its February lows. The upcoming earnings release will be the first opportunity for the company to report financial results since that recovery began.
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