MicroStrategy Pauses Bitcoin Buys, Holds 818,334 BTC
MicroStrategy paused weekly bitcoin purchases after adding 3,273 BTC ($255M) last week, leaving holdings at 818,334 BTC as traders await CEO Michael Saylor’s orange‑dot buy signal.
MicroStrategy Inc. (Nasdaq: MSTR) paused its weekly bitcoin purchases after adding 3,273 BTC for about $255 million in the most recent disclosed transaction. The company’s public dashboard showed total holdings of 818,334 BTC in an update posted May 3, and CEO Michael Saylor wrote on X, “Back to work next week.”
The dashboard listed 108 historical purchase events and an average acquisition cost near $75,537 per bitcoin. The most recent confirmed buy, executed April 27, produced a year‑to‑date BTC yield of 9.6% on MicroStrategy’s figures. The bitcoin price snapshot on the dashboard was near $78,533.
Company metrics on the dashboard included a market NAV (mNAV) of 1.27 and an amplification reading of 34%. MicroStrategy reported $2.25 billion in U.S. dollar reserves, $8.25 billion in debt and net leverage of 9%. The dashboard also showed annual dividends of $1.49 billion, 43.2 BTC years of dividend coverage and 18.1 USD months of dividend coverage.
Volatility readings remained elevated on the company page: implied volatility at 64%, 30‑day historical volatility at 71% and one‑year historical volatility at 68%. Traders have been tracking weekly activity through Saylor’s orange‑dot chart posts; the company’s update noted there were no purchases this week, interrupting that weekly signal cycle.
The pause followed Saylor’s Bitcoin 2026 keynote, delivered April 27–29 in Las Vegas, where he described bitcoin as “Digital Capital” and repeated a $10 million per coin forecast. In the presentation he tied MicroStrategy’s accumulation to a funding approach the company calls “digital credit” and argued that ETFs, corporate treasuries and long‑term holders are reducing bitcoin’s liquid free float.
MicroStrategy also uses a Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) to support funding. STRC pays an 11.50% annual dividend, distributed monthly in cash, and its rate adjusts monthly with the aim of keeping trading near a $100 par value. The preferred shares are listed on Nasdaq and available through major brokerages.
With the April 27 transaction the latest confirmed purchase, market participants are watching Saylor’s next orange‑dot posts for any return to buying. The company’s public figures continue to show active market metrics and leverage alongside its reported bitcoin holdings.
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