Strategy has paused Bitcoin acquisitions for the week leading into its first-quarter earnings report, breaking a regular cadence of weekly accumulation updates. Michael Saylor posted on Sunday that there would be “no buys this week.”
Latest Purchase and Holdings
The company’s most recent buying window ran from April 20 to 26, when it acquired 3,273 BTC for approximately $255 million through its at-the-market equity program, selling 1,451,601 MSTR Class A shares. Yahoo Finance pegged the average entry price at $77,906 per coin. Total holdings now stand at 818,334 BTC, bought for around $61.81 billion at an average of $75,537 per Bitcoin. At current market prices near $78,000, the position is valued at roughly $63.7 billion, implying an unrealized gain of about $1.9 billion.
Last month Strategy set a record with a single-week purchase of over 34,000 BTC worth $2.54 billion. For the entire month of April, four separate buys added more than $3 billion in Bitcoin, funded by both MSTR stock sales and STRC preferred security issuances.
Earnings Expectations and STRC Backlash
Attention is now on the upcoming quarterly report. Wall Street forecasts a loss per share of $18.98, compared with a $16.49 loss a year earlier, largely due to mark-to-market adjustments on Bitcoin holdings.
Meanwhile, criticism of STRC—a perpetual preferred stock yielding 11.5%—has escalated. Peter Schiff on Sunday reiterated his view that relying on Bitcoin appreciation above the yield does not fix what he called a “ponzi like structure.” On April 28, analyst Joseph Parrish warned that current cash reserves may cover only two years of STRC dividends, possibly forcing further stock issuance and increasing risk if Bitcoin underperforms.
Rating and Available Capacity
Despite the concerns, TipRanks shows a consensus “Strong Buy” rating on Strategy’s Nasdaq-listed shares. The company still has $26.47 billion in MSTR shares available under its existing issuance program, providing ample runway to fund future Bitcoin purchases without securing new capital sources.