MicroStrategy co-founder Michael Saylor hinted the company could be back to buying Bitcoin on a regular schedule after skipping its weekly purchase for the first time this year.
In a Sunday post on X, Saylor shared a StrategyTracker chart with the words “Back to Work,” a phrase he has used in the past to signal fresh Bitcoin disclosures. The tease comes days after the firm paused the cadence that had become reliably weekly. MicroStrategy’s last disclosed buy was on March 23, when it purchased roughly $77 million of BTC at about $74,326 per coin.
The company’s Bitcoin purchases are still largely financed through its perpetual preferred stock, Stretch (STRC). The security is designed to trade close to its $100 par value and features a dividend that is adjusted monthly; proceeds from newly issued STRC shares are funneled into the Bitcoin treasury. Data from STRC.LIVE indicates MicroStrategy may already have capacity for another large acquisition — capital raised in the week ending April 3 could fund at least ~1,821 BTC if deployed.
Meanwhile, MicroStrategy’s fundraising plans announced in late March point to a much larger pipeline: the firm disclosed intentions to raise $44.1 billion, primarily via sales of common MSTR shares and further STRC issuance. As of the latest disclosures, MicroStrategy holds 762,099 BTC at an average purchase price of $75,694 per coin. With Bitcoin trading near $69,100, that position currently sits below the company’s aggregate entry price.
Market watchers will be looking for formal filings and a fresh purchase disclosure after Saylor’s “Back to Work” cue — and for signs of how quickly the planned capital raising will convert into additional Bitcoin accumulation.
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