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Strategy paused its bitcoin acquisition momentum just days prior to its earnings announcement, a temporary halt that highlights the company’s increasing reliance on capital markets over its software operations.
Chairman Michael Saylor stated on Sunday that the corporation would forgo purchases this week, intending to resume them next week, marking only the second interruption this year in its consistent accumulation strategy.
This timing precedes Tuesday’s first-quarter report, where analysts anticipate revenue growth alongside another loss stemming from bitcoin accounting and associated financing expenses. Projections suggest revenue around $125 million, an increase from $111.1 million in the prior year, with an anticipated per-share loss that shows considerable variation across different forecasts.
Strategy currently holds approximately 818,334 bitcoin, representing nearly 3.9% of the total supply, solidifying its status as the largest public holder of bitcoin reserves. Its most recent acquisition involved 3,273 BTC at an average price close to $77,900.
Bitcoin was trading near the $80,000 mark in the early hours of Monday, continuing a recovery trend that has boosted confidence across cryptocurrency markets.
Due to this price surge, Strategy’s stock saw a 3% increase in early market trading. Over the past two days, MSTR has gained more than 10%.
The pause in bitcoin acquisition might be attributed to standard caution preceding earnings, yet it occurs as investors shift their focus from operational results to the structure financing Strategy’s asset accumulation.
The company has transformed from a software business with a bitcoin holding into a financial entity designed to convert market demand into bitcoin exposure. This operational model depends on consistent access to funding through the issuance of common and preferred stock, including its high-yield STRC instrument.
STRC serves as Strategy’s new engine for bitcoin acquisition
STRC, which aims for a $100 trading price while providing a variable dividend yield nearing 11.5% annually, has attracted analyst attention due to its asymmetric structure. Holders gain income linked to Strategy’s balance sheet but remain vulnerable to losses if bitcoin prices decline or if demand for the shares diminishes.
The stock’s upward movement also follows renewed excitement generated by Saylor’s presentation at the Bitcoin 2026 conference in Las Vegas last week.
Instead of concentrating on Bitcoin price targets or additional Bitcoin acquisitions, Saylor’s discourse emphasized STRC — Strategy’s preferred stock backed by Bitcoin — and an expansive hypothesis that digital credit is poised to displace trillions of dollars within the traditional credit market.
“The global credit market, valued at $300 trillion, presents a significantly larger opportunity than the global Bitcoin market, estimated at roughly $2 trillion, and Strategy has developed the inaugural product to connect these two spheres,” Saylor asserted during his keynote address.
STRC, which distributes an 11.5% monthly variable dividend and is traded on Nasdaq, has achieved a notional value of approximately $8.5 billion in under nine months — a figure Saylor claimed surpasses the combined value of all existing monthly-paying preferred securities.
“This is becoming immensely popular,” he informed the attendees.
BlackRock’s iShares Preferred & Income Securities ETF has already invested around $210 million in STRC.
Saylor indicated that STRC has facilitated the purchase of approximately 77,000 BTC year-to-date in 2026, a quantity roughly ten times the net inflow of all U.S. spot Bitcoin ETFs combined during the same timeframe.
Recent acquisition trends illustrate Strategy’s capacity for rapid scaling. Prior to April’s dividend distribution, Strategy allocated over $3 billion to bitcoin acquisitions, with these transactions concentrated in a few trading sessions exceeding $400 million each.
According to the portal: bitcoinmagazine.com