Key Takeaways
- • Michael Saylor signaled the resumption of Strategy's weekly Bitcoin purchasing program after a one-week hiatus at the end of March, posting a StrategyTracker chart with the caption "Back to Work" on Sunday.
- • Strategy's last confirmed Bitcoin purchase occurred on March 23, acquiring approximately $77 million worth of BTC at $74,326 per coin, before pausing purchases for the subsequent week.
- • Based on capital raised through the week ending April 3, Strategy is positioned to acquire at least 1,821 BTC, according to estimates from STRC.LIVE, funded through the sale of its perpetual preferred stock (STRC) and common shares.
- • Strategy has accumulated a total of 762,099 BTC at an average cost basis of $75,694 per coin; at current prices near $69,100, the portfolio reflects an unrealized loss, though Bitcoin has gained 1.2% over the past 30 days.
- • In late March, Strategy announced plans to raise $44.1 billion to fund Bitcoin acquisitions, primarily through common share (MSTR) and STRC issuances, signaling sustained commitment to its accumulation strategy despite market headwinds.
Summary
Michael Saylor has indicated that Strategy's systematic Bitcoin purchasing program is resuming following a brief operational pause. On Sunday, Saylor posted a screenshot from StrategyTracker—a chart he frequently shares ahead of purchase announcements—captioned "Back to Work," signaling the firm's return to its weekly acquisition cadence. This marks the conclusion of a one-week break that ended Strategy's consistent purchasing streak for the first time in 2026, with the firm's previous documented acquisition occurring on March 23, when it purchased approximately $77 million of Bitcoin at $74,326 per coin.
Strategy's capital acquisition mechanism relies substantially on the issuance and market sale of its perpetual preferred stock, STRC, which maintains a par value of $100 and features a monthly dividend adjustment designed to anchor the stock price near this benchmark. The firm issues new STRC shares, allocates the proceeds to Bitcoin purchases, and supplements this with common share (MSTR) offerings. Based on funds raised through April 3, estimates from STRC.LIVE indicate Strategy could execute a purchase of at least 1,821 BTC in the current cycle, continuing its aggressive accumulation posture.
Strategy's Bitcoin holdings now total 762,099 coins at an average cost basis of $75,694 per coin. At prevailing prices near $69,100, the portfolio carries an unrealized loss; however, Bitcoin has appreciated 1.2% over the preceding 30 days, though it remains down 20.9% year-to-date amid geopolitical tensions and macroeconomic headwinds. In late March, Strategy announced a substantial capital raise of $44.1 billion earmarked for Bitcoin purchases, demonstrating management's conviction in accumulation despite current market valuations and near-term volatility. This commitment to consistent, programmatic purchasing despite market fluctuations remains a distinctive feature of Strategy's investment approach.
Strategy's capital acquisition mechanism relies substantially on the issuance and market sale of its perpetual preferred stock, STRC, which maintains a par value of $100 and features a monthly dividend adjustment designed to anchor the stock price near this benchmark. The firm issues new STRC shares, allocates the proceeds to Bitcoin purchases, and supplements this with common share (MSTR) offerings. Based on funds raised through April 3, estimates from STRC.LIVE indicate Strategy could execute a purchase of at least 1,821 BTC in the current cycle, continuing its aggressive accumulation posture.
Strategy's Bitcoin holdings now total 762,099 coins at an average cost basis of $75,694 per coin. At prevailing prices near $69,100, the portfolio carries an unrealized loss; however, Bitcoin has appreciated 1.2% over the preceding 30 days, though it remains down 20.9% year-to-date amid geopolitical tensions and macroeconomic headwinds. In late March, Strategy announced a substantial capital raise of $44.1 billion earmarked for Bitcoin purchases, demonstrating management's conviction in accumulation despite current market valuations and near-term volatility. This commitment to consistent, programmatic purchasing despite market fluctuations remains a distinctive feature of Strategy's investment approach.
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