Michael Saylor has signaled that Strategy is resuming its regular Bitcoin acquisition activity following an unusual pause at the end of March. On Sunday, Saylor shared a screenshot from StrategyTracker on X with the caption “Back to Work.” He has a pattern of posting such charts ahead of formal purchase announcements.
The firm’s buying streak was interrupted for the first time this year when it skipped a week of purchases at the close of March. Its most recent confirmed acquisition, reported on March 23, involved buying approximately $77 million worth of Bitcoin at a price of $74,326 per coin. The pause marked a notable deviation from the company’s consistent weekly buying schedule maintained throughout the year.
One of Strategy’s primary funding mechanisms for Bitcoin purchases is the sale of its perpetual preferred stock, STRC, also known as Stretch. The stock is structured to trade near its par value of $100, supported by a monthly dividend adjustment mechanism. The company issues new STRC shares and directs the proceeds toward Bitcoin acquisitions.
Based on estimates from STRC.LIVE, Strategy may be positioned to purchase at least 1,821 BTC using funds raised during the week ending April 3. This figure reflects the capital generated through STRC share sales during that period. The estimate suggests the firm’s buying activity could resume at a meaningful scale despite the recent interruption.
The brief pause has not appeared to dampen the company’s broader ambitions. In late March, Strategy announced plans to raise $44.1 billion to fund further Bitcoin purchases, primarily through the sale of its common MSTR shares and STRC stock. The scale of the fundraising effort underscores the firm’s continued commitment to expanding its Bitcoin holdings.
According to Strategy’s website, the company has accumulated a total of 762,099 BTC at an average cost of $75,694 per coin. With Bitcoin trading at approximately $69,100 at the time of reporting, the firm’s overall holdings are currently valued below their average acquisition cost. The unrealized loss reflects the broader price decline that has affected the cryptocurrency market in recent months.
Bitcoin has nonetheless shown modest recovery over a shorter timeframe, rising 1.2% over the past 30 days according to data from CoinGecko. However, the asset remains down 20.9% year-to-date, with analysts pointing to geopolitical tensions and a difficult macroeconomic environment as contributing factors. The mixed price performance adds context to Strategy’s ongoing accumulation strategy amid market uncertainty.
Originally reported by CoinTelegraph.
