Strategy pauses bitcoin (BTC) buys before Tuesday earnings
CoinDesk
Strategy has temporarily suspended its weekly bitcoin purchases ahead of the company's first-quarter earnings report scheduled for Tuesday.Summary
Strategy, led by Michael Saylor, has paused its consistent bitcoin purchase program this week ahead of its upcoming first-quarter earnings release. While the company holds 818,334 BTC, this marks only the second pause in buying this year. Investors and analysts are focusing on the company's financial results, with projections showing expected losses per share despite potential revenue growth. The market is also evaluating the long-term sustainability of the company's capital-raising strategy, specifically its preferred-stock product, STRC, which relies on bitcoin's performance to fund its operations.
(Source：CoinDesk)