MicroStrategy pauses Bitcoin buying ahead of Q1 2026 earnings amid market volatility.

MicroStrategy, now called Strategy, has temporarily halted its Bitcoin purchases just before its Q1 2026 earnings report on May 5. This pause follows a volatile quarter where Bitcoin's price dropped over 20%, despite the company buying about 89,600 BTC worth $5.5 billion in Q1. Strategy currently holds 818,334 BTC valued at around $64.44 billion but faces a modest unrealized gain due to the price drop. Investors await the earnings report, expecting revenue of $120 million but a GAAP loss driven by Bitcoin's market value decline, while the company shifts funding from common stock to preferred shares offering an 11.5% dividend.