Strategy pauses bitcoin buys before Tuesday earnings

Michael Saylor says the company will resume purchases next week, but the pause lands as analysts focus on losses and the growing complexity of Strategy’s preferred-stock funding machine.\nWhat to know : Strategy, formerly MicroStrategy, has temporarily paused its weekly bitcoin purchases ahead of its first-quarter earnings report, only the second such pause this year. The company now holds about 818,334 bitcoin, or roughly 3.9 percent of the total supply, and is expected to report higher revenue but a per-share loss for the quarter. Investors are increasingly valuing Strategy as a bitcoin financing vehicle rather than a software firm, focusing on its capital-raising engine and products like its high-yield STRC preferred shares, which could appear riskier if bitcoin sentiment sours.