- Strategy pauses bitcoin purchases for the week ahead of its first-quarter earnings report.
- Michael Saylor confirmed the halt, stating “No buys this week.”
- Total holdings reach 818,334 BTC, about 3.9% of total bitcoin supply.
- Last acquisition added 3,273 BTC at $77,906 per bitcoin.
- STRC preferred shares face scrutiny over structure and risk profile.
Strategy Halts Weekly Bitcoin Purchases
No buys this week. Back to work next week. $BTC pic.twitter.com/lqliYZPAf4
— Michael Saylor (@saylor) May 3, 2026
Strategy, the world’s largest crypto treasury company, announced it will pause its regular bitcoin acquisitions this week. The pause comes ahead of the release of its first-quarter earnings report. Founder and Chairman Michael Saylor confirmed the move on social media platform X, stating:
“No buys this week. Back to work next week.”
This marks the second pause in Strategy’s weekly bitcoin buying activity this year, following a break during the week of March 23 to March 29. As of now, the company holds 818,334 BTC, representing nearly 3.9% of bitcoin’s total 21 million supply. In its most recent purchase, Strategy acquired 3,273 BTC at an average price of $77,906 per bitcoin. Bitcoin was trading at $80,101 as of 10:50 p.m. ET on Sunday, reflecting a 20% increase over the past 30 days.
Bitcoin Weekly Price Overview (April 27 – May 3, 2026)
- April 27, 2026: Bitcoin (BTC) traded around $77.8K, with market cap roughly $1.5T+, driven by strong ETF inflows and bullish sentiment.
- Apr 28–30: Price remained stable in the $76K–$76.3K range, keeping market cap near $1.3T–$1.5T.
- May 1: BTC rose to about $78.1K, pushing market cap toward ~$1.55T+.
- May 2–3: Bitcoin hovered near $78.4K, with market cap around $1.57T and strong daily trading volume (~$37B).
- Weekly Trend: Bitcoin recorded an upward move of ~2–4%, supported by institutional demand and ETF inflows.
- Overall: BTC remained the #1 cryptocurrency, with market cap fluctuating between $1.3T and $1.6T during the week, according from CMC.
STRC Preferred Shares Draw Attention
Strategy typically funds its bitcoin acquisitions through proceeds from at-the-market sales of its Class A common stock (MSTR) and perpetual preferred shares. One such instrument, STRC, has drawn attention from analysts and investors due to its structure and yield. STRC is designed to trade near $100 and currently offers a variable monthly dividend, approximately 11.5% annualized.
K33 Head of Research Vetle Lunde noted in a March report that the growing connection between Strategy’s bitcoin accumulation and STRC introduces structural risks tied to market sentiment and pricing behavior. Lunde highlighted that STRC holders have capped upside through dividends while remaining exposed to potential downside during market declines. He also stated that if STRC trades below its target level for an extended period, it could begin to resemble a credit-like risk profile rather than a stable-yield product.
Some critics have characterized STRC more sharply, referring to it as a “Ponzi scheme” and warning of potential long-term risks. In contrast, Benchmark analyst Mark Palmer described STRC as part of a “deliberate and durable” model, stating that it converts demand for yield into long-term bitcoin exposure.
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