Michael Saylor has hinted that Strategy may be ready to resume its weekly Bitcoin purchases after a brief break. In a Sunday post on X, the Strategy co-founder shared a StrategyTracker chart with the words “Back to Work”, a phrase he has repeatedly used before the company disclosed fresh Bitcoin buys. The post came only days after Strategy skipped its usual weekly purchase for the first time this year.
A familiar signal after the buying streak paused
Strategy’s last reported acquisition was on March 23, when it bought roughly $77 million worth of BTC at an average price of $74,326 per coin. The following week brought a rare pause, interrupting the company’s steady buying pattern. That timing is why Saylor’s latest message is drawing attention: the wording matches signals he has used before earlier purchase announcements.
STRC remains central to the funding model
The company’s Bitcoin buying program continues to rely heavily on its perpetual preferred stock offering, Stretch (STRC). The instrument is designed to trade near its $100 par value, supported by a mechanism that adjusts dividends each month. Newly issued STRC shares are sold into the market, and the proceeds are then directed toward additional Bitcoin purchases. The setup is simple in function, even if the capital structure is not.
Estimates cited from STRC.LIVE suggest Strategy may already have enough capacity lined up for another sizable buy. Based on the capital raised for the week ending April 3, the firm’s next purchase could total at least 1,821 BTC, assuming those funds are deployed.
Larger fundraising plans are still on the table
Strategy also disclosed in late March that it intends to raise $44.1 billion. According to the company’s plan, that funding is expected to come mainly from sales of its common stock, MSTR, along with additional STRC issuance. The scale of that pipeline shows the company still has a large financing program in motion.
Company filings show Strategy holds 762,099 BTC in total, acquired at an average cost of $75,694 per coin. With Bitcoin trading near $69,100 in the source material, the position remains below its aggregate entry price.