Michael Saylor Signals Possible Bitcoin Purchase as Strategy Resumes Buying Activity

Michael Saylor has hinted that his firm Strategy may soon resume its regular Bitcoin purchases after pausing for one week at the end of March.

In an X post on Sunday, Saylor shared a screenshot from StrategyTracker with the caption “Back to Work,” a signal he has frequently used ahead of announcing new Bitcoin acquisitions. The firm’s last purchase was reported on March 23, when it bought approximately $77 million worth of Bitcoin at an average price of $74,326 per coin, ending its weekly buying streak for the first time this year.

Funding Strategy Through Preferred Stock Sales

One of the main funding methods used by Strategy involves issuing perpetual preferred stock known as Stretch (STRC). This stock is designed to trade close to its $100 par value, supported by a monthly dividend adjustment system. Proceeds from these share sales are then allocated toward Bitcoin purchases.

Estimates suggest the firm could acquire at least 1,821 BTC, based on funds raised during the week ending April 3. Earlier announcements also revealed plans to raise $44.1 billion through common share and preferred stock sales to finance additional Bitcoin acquisitions.

Strategy Bitcoin Holdings and Market Performance

According to company data, Strategy currently holds 762,099 BTC, purchased at an average cost of $75,694 per coin. With Bitcoin trading near $69,100, the holdings remain below their average purchase price. However, Bitcoin has increased 1.2% over the past 30 days, though it remains 20.9% lower year-to-date amid geopolitical tensions and broader macroeconomic pressures.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.