MicroStrategy Pauses Bitcoin Buys, Can Michael Saylor Still Buy 1M BTC in 2026?

Key Insights:

• MicroStrategy has ceased its Bitcoin buying operations this week.
• Michael Saylor confirmed on X that they didn’t buy BTC recently despite the MSTR stock surge on Friday.
• Netizens are optimistic that the company will achieve the 1 million BTC stash in 2026.

MicroStrategy Inc. has paused its aggressive Bitcoin accumulation. Executive Chairman Michael Saylor took to social media and said that this week, there were no purchases.

MicroStrategy Halts Bitcoin Buying

When posting on X, Saylor broke his pattern of hinting at new purchases with the famous Orange Dots chart. Rather, he simply wrote, “No buys this week.” The statement indicated a pause after several weeks of steady accumulation.

However, MicroStrategy’s Bitcoin buying has not stopped. He added, “Back to work next week,” suggesting the company might start buying BTC next week. The announcement comes after a period of intense accumulation during the month of April. At the time, the company made billions of dollars in investments in Bitcoin.

On April 20, MicroStrategy announced its largest acquisition. It purchased 34,164 BTC at a cost of about $2.54 billion at an average price of 74,395 per Bitcoin.

The following week, the company underwent massive downsizing in its purchasing operations. It acquired 3,273 BTC at an approximate cost of $255 million with an average price per unit of $77,906.

This steep fall, almost 90% in dollar terms, signals the deceleration in the rate of accumulation just before the most recent halt. These buys increased the company’s holdings to 818,334 BTC, at an average cost basis of $75,537 per coin.

With a BTC value of $64.44 billion, MicroStrategy is the largest corporate Bitcoin holder. Meanwhile, it’s worth noting that the MSTR stock gained over 7% on Friday, May 1.

Will Michael Saylor Succeed in Amassing 1M BTC?

Some commentators, including Bitcoin author Adam Livingston, noted that Michael Saylor’s pause on BTC acquisitions was temporary. He said, “Strategy taking the week off from buying Bitcoin!” He added that the firm could still “reach 1 million BTC by end of August.”

On the internet, netizens have also provided their own explanations of the pause. One of the most popular opinions is that the company is preparing its capital expenditure in connection with its forthcoming earnings announcement.

Netizens feel that management was intentionally withholding funds or making purchases in anticipation of upcoming earnings on May 5.

According to Zacks Investment Research analysts, MicroStrategy should report a revenue of $124.60 million in the current quarter ending March 2026. Whilst the projections for the next quarter sit at $124.50 million. They also projected that the full-year revenue would reach around $496.40 million.

On the earnings side, analysts estimate the company will report a loss per share of -3.41 this quarter. However, the next quarter is expected to be much better; earnings per share are projected at $65.09.

The historical comparisons show that there is a considerable turnaround trend. In Q4 FY25, MicroStrategy reported negative EPS of $42.93, well below estimates. The fall in earnings was mostly due to the Bitcoin price crash from a high of $126,000 to $89,000 in that quarter.

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