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Strategy has halted Bitcoin purchases for the week ahead of its first-quarter earnings release and rising scrutiny around its preferred stock dividend.<\/p>\n
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According to a Sunday post on X<\/a> by Michael Saylor, the company signaled \u201cNo buys this week,\u201d breaking a pattern where he regularly flags upcoming accumulation.<\/p>\n The decision follows a recent stretch of steady buying. A Form 8-K filing<\/a> with the U.S. Securities and Exchange Commission shows Strategy acquired 3,273 Bitcoin for about $255 million between April 20 and 26, funded through the sale of 1,451,601 MSTR Class A shares under its at-the-market equity program. Yahoo Finance reported the purchase price averaged $77,906 per coin.<\/p>\n Holdings have reached 818,334 BTC, which Saylor said were acquired for roughly $61.81 billion at an average of $75,537 per bitcoin. At current prices near $78,000, filings and market data place the position\u2019s value at about $63.7 billion, implying an unrealised gain of roughly $1.9 billion.<\/p>\n As reported by crypto.news, Strategy added more than 34,000 BTC for $2.54 billion in a single week last month, which marked one of its largest purchases on record. Across April, four acquisitions totalled well over $3 billion, with earlier deals funded through a mix of MSTR stock sales and issuances of STRC, its perpetual preferred security.<\/p>\n <\/p>\n Attention has turned to Strategy\u2019s upcoming earnings report, where analysts expect pressure from accounting treatment tied to Bitcoin. Yahoo Finance data<\/a> shows Wall Street forecasts a loss of $18.98 per share for the quarter, compared with a $16.49 loss a year earlier, largely due to mark-to-market adjustments on its holdings.<\/p>\n At the same time, scrutiny has intensified around STRC, which offers an 11.5% dividend yield. Peter Schiff repeated his criticism of the structure on Sunday, arguing in a post on X that relying on Bitcoin appreciation above that yield does not resolve what he described as a \u201cponzi like structure.\u201d<\/p>\n Concerns over sustainability have also been raised by Joseph Parrish, who wrote on April 28 that current cash reserves may not cover two years of STRC dividend payments. Parrish warned that continued stock issuance could become necessary, increasing risk if Bitcoin fails to outperform expectations.<\/p>\n