Strategy halts weekly Bitcoin buys as Michael Saylor signals pause ahead of Q1 earnings, with Wall Street forecasting deeper losses tied to mark-to-market BTC accounting

Enterprise software and Bitcoin treasury firm MicroStrategy has temporarily halted its highly publicized weekly Bitcoin purchase program just ahead of its upcoming Q1 earnings report, after executive chairman Michael Saylor signaled on social media that there would be “no buys this week” with plans to resume next week. This is only the second pause in the firm’s regular accumulation schedule this year and comes after an aggressive buying phase in which the company acquired 3,273 BTC in its most recent purchase and built its holdings to about 818,334 BTC, roughly 3.9% of Bitcoin’s total supply, at an average cost near $77,900 per coin. The pause coincides with a pre‑earnings quiet period and a Q1 report in which Wall Street analysts are forecasting a deeper net loss driven largely by mark‑to‑market accounting on MicroStrategy’s Bitcoin position and related financing costs, despite expectations of revenue growth in the core business. Because U.S. accounting rules require Bitcoin to be carried at fair value, swings in BTC’s market price can translate into large non‑cash gains or losses each quarter, amplifying reported earnings volatility even as the firm continues to frame itself as a long‑term “Bitcoin treasury” and financing vehicle that taps equity and debt markets—including its high‑yield STRC instrument—to fund further BTC accumulation. Investors and analysts are focused on how sustainable this capital‑raising model is, the updated cost basis and leverage profile on the company’s Bitcoin stack, and whether MicroStrategy can maintain its stated long‑term goal of dramatically increasing its BTC holdings in the face of ongoing accounting losses and market scrutiny. "entities":["MicroStrategy","Michael Saylor","Bitcoin (BTC)","STRC (MicroStrategy preferred / high-yield instrument)","Wall Street analysts","CoinTelegraph","CCN","Bitcoin Magazine","Grafa","Bitbo"]}`

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