MicroStrategy Pauses Bitcoin Buys Before Earnings

Strategy, the world's largest corporate holder of Bitcoin, has paused its purchases of the cryptocurrency this week ahead of its first-quarter 2026 earnings release scheduled for Tuesday, May 5. Executive Chairman Michael Saylor announced the temporary halt in a post on X on Sunday, stating, "No buys this week. Back to work next week."

The company, based in Tysons Corner, Virginia, and trading under the ticker MSTR, holds 818,334 Bitcoin valued at approximately $64.5 billion. Its most recent acquisition, disclosed in an SEC filing on April 27, involved 3,273 Bitcoin for $255 million between April 20 and 26. This brought the average cost basis to $75,537 per coin, below Bitcoin's current price of about $78,778 according to CoinGecko data. The cryptocurrency has risen 0.33 percent in the past 24 hours and 12 percent for April overall, supported in part by Strategy's buying and inflows into U.S. spot Bitcoin exchange-traded funds.

In a separate SEC filing revealed Monday, Strategy raised $82 million by selling 492,210 Class A shares between April 27 and May 3. The proceeds were not used to buy additional Bitcoin, leaving the company's treasury unchanged during the pause.