Michael Saylor signaled a potential resumption of his firm’s weekly Bitcoin buys after posting “Back to Work” on X alongside a StrategyTracker screenshot — a chart he frequently shares before purchase announcements. Strategy paused its weekly purchases for the first time this year at the end of March. The company’s last reported buy was on March 23, when it bought roughly $77 million of BTC at about $74,326 per coin.
Strategy funds many of its bitcoin purchases by issuing and selling a perpetual preferred stock called Stretch (STRC). STRC is structured to trade near its $100 par value, aided by a monthly dividend-adjustment mechanism; the proceeds from new share issuance are funneled into BTC acquisitions. Data from STRC.LIVE estimated that funds raised for the week ending April 3 could support a purchase of at least 1,821 BTC.
Despite the brief pause, Strategy continues aggressive plans to expand its treasury: in late March it announced intentions to raise $44.1 billion to finance further BTC buys, primarily via sales of its common MSTR shares and STRC. According to Strategy’s own purchase ledger, the firm has acquired 762,099 BTC at an average cost of $75,694 per coin. With BTC trading near $69,100, those holdings sit below their average cost.
Market context: bitcoin is up roughly 1.2% over the past 30 days but remains down about 20.9% year-to-date amid geopolitical tensions and macroeconomic headwinds. Cointelegraph states the article follows its editorial policy and encourages independent verification of reported facts.