Michael Saylor, who co-founded the company, hinted in a recent post that they might start buying Bitcoin every week again, after temporarily stopping those purchases.
Summary
- Saylor signaled a return to weekly Bitcoin purchases after a one-week pause broke the firm’s accumulation streak.
- Strategy last bought about $77 million in BTC on March 23 and may have capacity for at least 1,821 BTC based on recent fundraising.
- The firm holds 762,099 BTC at an average cost of $75,694.
Michael Saylor posted a chart on X (formerly Twitter) on Sunday with the message “Back to Work,” which he typically uses before announcing new Bitcoin purchases. This post came shortly after MicroStrategy unexpectedly paused its regular weekly Bitcoin buying for the first time this year, leading many to speculate about its meaning.
On March 23rd, Strategy purchased approximately $77 million in Bitcoin at a price of $74,326 per coin. This purchase was followed by an unusual week where they temporarily stopped their regular buying activity.
These purchases are primarily funded through Strategy’s ongoing sale of its preferred stock, called Stretch (STRC). STRC is designed to maintain a value close to $100 by adjusting its monthly dividend payments. When new shares of STRC are sold, the money raised is used to buy more Bitcoin.
Data from STRC.LIVE indicates the company might have funding ready for another large Bitcoin purchase. If fully used, the capital raised as of April 3rd could cover the purchase of at least 1,821 BTC.
As I’ve been analyzing their recent moves, it’s clear Strategy has much bigger plans than initially thought. Their filings from late March detail an intention to raise $44.1 billion. They’re planning to do this mainly by selling off shares of their common stock, MSTR, and issuing STRC.
As a Bitcoin investor, I’ve been tracking the holdings of major players, and it’s interesting to see one company currently holds 762,099 BTC. They initially bought these coins at an average price of around $75,694 each. Right now, with Bitcoin trading around $69,100, their overall position is actually a bit underwater – meaning they’d currently lose money if they sold.
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2026-04-06 09:16