MicroStrategy Pauses Weekly Bitcoin Purchases: Massive Reserve of 818,334 BTC Remains

Michael Saylor, CEO of MicroStrategy (formerly MicroStrategy), announced in an official statement dated May 3, 2026, that the company did not purchase any Bitcoin this week. The company's total holdings remain stable at 818,334 BTC, with a current market value exceeding $64.4 billion. Saylor, in a post on the X platform, stated, "No buying this week," adding, "We're back to work next week," signaling that the pause is temporary.
A Broken Record and Financial Calendar
This decision marks the second time the company has broken its nearly weekly habit, which it has maintained since 2020 and which has been a defining feature of 2026. Previously, a 13-week uninterrupted buying streak ended at the end of March 2026. The pause comes just two days before the company is due to release its first-quarter 2026 financial results on May 5, 2026. Market expectations are for a loss of approximately -$3.41 per share due to unrealized losses of up to $14.5 billion under GAAP standards, stemming from mark-to-market accounting of assets in its portfolio.
New Financing Model: STRC Preference
Strategists agree that this pause is not a "panic" but a "shift to a new financing strategy." Instead of financing Bitcoin purchases through stock dilution, the company is now using STRC, a preferred stock offering an annual dividend yield of 11.5%, as its primary instrument. This shift is interpreted as a strategic change in the company's Bitcoin holdings, moving from a "volume"-focused to a "yield"-focused approach.
Massive Portfolio and Future Vision
The company, which controls approximately 3.9% of the total supply with 818,334 BTC, maintains its goal of reaching 1 Million BTC by the end of 2026. This position, acquired at an average cost of $75,537, carries an unrealized profit of 4.24% at current prices. The initial market reactions to this transformation are positive: Bitcoin maintained its stable course above the $78,000 level this week despite the lack of any institutional buying support. This is considered a strong signal that the market's dependence on a single institutional buyer is decreasing.
The earnings meeting next Tuesday will be decisive in determining the sustainability of this new financing model and the company's buying strategy for the rest of the year.
This content is for informational purposes only and does not constitute investment advice. Cryptocurrency markets involve high risk.
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