Michael Saylor hinted that his company may resume weekly Bitcoin purchases after posting “Back to Work” on X alongside a StrategyTracker screenshot — the same chart he often shares before announcing buys. MicroStrategy paused its weekly purchases for the first time this year at the end of March. The firm’s most recent reported purchase was on March 23, when it bought roughly $77 million of BTC at about $74,326 per coin.
MicroStrategy finances many of its Bitcoin acquisitions by issuing a perpetual preferred stock called Stretch (STRC). STRC is structured to trade near its $100 par value, supported by a monthly dividend-adjustment mechanism, and proceeds from new issuances are directed into BTC purchases. Data from STRC.LIVE estimated that funds raised for the week ending April 3 could have supported a purchase of at least 1,821 BTC.
Despite the temporary pause, MicroStrategy remains aggressive about growing its treasury. In late March the company said it intends to raise up to $44.1 billion to finance further Bitcoin buys, primarily through sales of its common MSTR shares and STRC. According to the company’s purchase ledger, it has acquired 762,099 BTC at an average cost of $75,694 per coin. With Bitcoin trading near $69,100, those holdings currently sit below their average cost.
Market context: Bitcoin has gained roughly 1.2% over the past 30 days but remains down about 20.9% year-to-date amid geopolitical tensions and broader macroeconomic headwinds. The report follows the publisher’s editorial policy and encourages independent verification of the facts presented.