Strategy halted its bitcoin buying streak days before earnings, a pause that underscores how much the company now revolves around capital markets rather than software.

Chairman Michael Saylor said Sunday the firm would skip purchases this week and resume next week, marking only the second break this year in what has become a steady accumulation program.

The timing places the decision ahead of Tuesday’s first-quarter report, where analysts expect revenue growth alongside another loss tied to bitcoin accounting and financing costs. Estimates point to revenue near $125 million, up from $111.1 million a year earlier, with a projected per-share loss that varies widely across…

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