Receiving? fuck yes.
It's deeply tied to my psychology, so any Top/Dom who does this has obviously found a deep place in me to collar and tug on. A Top who controls my orgasm understands me. i am pretty 'sub' in nature and my need/want is met when i meet His need/want. His orgasm in me or because of me becomes my 'orgasm.' In a manner of speaking, it's like He is putting HIs orgasm in me and HIs pleasure is transferred to me and becomes mine.
Him controlling my orgasm is a big part of this because, like most guys, i experience the same 'cum down' after orgasm and just wanna curl up and sleep or eat. i like the feel of orgasm, but it's so fleeting for me and it is psychologically disappointing because i briefly lose that intense need to please Him. It's still there, but the edge is off. As long as He 'edges' me by controlling my orgasm, He controls my intense need, and subsequent desire, to please Him.
A ruined orgasm hugely reinforces this both physically and emotionally for me. He is in control of bringing me to orgasm, then interrupting or "ruining" it, it makes me feel deeply submitted and devoted to Him, especially at that point.
i have a gay sub friend who has been married to his Dom for about 15 years. He is 'kept' in chastity most of the time and only has an orgasm when his Husband gives him one. A few years ago, on his birthday, His husband removed his chastity and stroked (both physically and verbally) and stimulated him to the point of orgasm, then "ruined" it by stopping just as he was starting to cum. As others have noted, a drop of cum came from the tip of his penis, but the orgasmic release was completely stopped. his Husband smiled and said: "happy birthday baby, I love you" and my friend said it was the best gift he'd ever gotten.