Michael Saylor signals a return to buying: Strategy may resume weekly Bitcoin purchases after brief pause
Strategy co-founder Michael Saylor hinted that the firm could restart its steady cadence of Bitcoin buys after a short break, posting a StrategyTracker chart on X on Sunday with the phrase “Back to Work” — a line he’s often used just before disclosing fresh purchases. The timing stands out because it comes days after Strategy skipped its routine weekly buy for the first time this year.
The company’s most recent disclosed purchase was on March 23, when Strategy acquired roughly $77 million of BTC at about $74,326 per coin. The following week’s pause interrupted what had been a near‑weekly cadence of accumulation.
Funding for these purchases remains anchored to Strategy’s perpetual preferred stock, Stretch (STRC). STRC is designed to trade close to its $100 par value and uses a monthly dividend-adjustment mechanism; new STRC shares are issued into the market and proceeds are directed toward buying Bitcoin. Estimates from STRC.LIVE indicate Strategy may already have dry powder ready: based on capital raised for the week ending April 3, the next deployment could amount to at least 1,821 BTC if those funds are used for another buy.
The firm’s longer-term funding ambitions are still sizable. In late March Strategy disclosed plans to raise $44.1 billion, saying the capital would be generated mainly through sales of its common MSTR shares alongside continued STRC issuance.
Company filings show Strategy holds 762,099 BTC in total, acquired at an average cost basis of $75,694 per coin. With Bitcoin trading near $69,100, that aggregate position currently sits below its entry price — a reminder that any renewed buying cadence will come while the company’s holdings are underwater.
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