Strategy, the world’s largest corporate bitcoin treasury, is sitting out its weekly bitcoin purchase this week as it prepares to release its first-quarter earnings report on Tuesday.
Saylor posted on X:
“No buys this week. Back to work next week.”
Second pause this year
This marks Strategy’s second break from weekly purchases in 2025, following a similar pause during the week of March 23 to March 29.
As of now, Strategy holds 818,334 BTC, representing nearly 3.9% of bitcoin’s 21 million total supply.
Last week’s acquisition added 3,273 BTC at an average price of $77,906 per coin.
Bitcoin was trading around $80,101 on Sunday evening, up roughly 20% over the past 30 days.
MSTR stock
Wall Street analysts are expecting a loss of $18.98 per share for Q1, according to Yahoo Finance.
The company reported a loss of $16.38 per share in the first quarter of 2025.
STRC debate
Strategy funds most of its bitcoin acquisitions through at-the-market sales of its Class A common stock, MSTR, and perpetual preferred shares.
One of those preferred shares, STRC, has drawn scrutiny for its high annual dividend rate of around 11.5%.
K33 Head of Research Vetle Lunde warned in a March report that STRC’s structure introduces sentiment-driven risks, noting that holders face capped upside through dividends but real downside exposure during market drawdowns.
If STRC trades below its $100 target for an extended period, Lunde argued it could shift toward a credit-like risk profile.
Some critics have gone further, calling STRC a “Ponzi scheme” that could fall into a death spiral.
Pushback from analysts
Benchmark analyst Mark Palmer recently defended the model, describing STRC as part of a “deliberate and durable” structure that “converts demand for yield into long-term bitcoin exposure.”
The earnings release on Tuesday will be closely watched for any updates on Strategy’s bitcoin holdings and the performance of its preferred share instruments.
