Michael Saylor has resumed its Bitcoin buying spree after a brief halt, amid a brief rise in the price of the OG-crypto. In a Monday post on X, Saylor confirmed that Strategy has acquired 4,871 BTC for around $329.9 million.
The move comes after Saylor previously stirred speculation that the company could soon restart its regular Bitcoin buying after a short and somewhat unusual pause.
In a Sunday post on X, Saylor had shared a StrategyTracker chart along with the words “Back to Work”, a phrase he has frequently used in the past just before revealing a new Bitcoin purchase. The post quickly drew attention from investors and analysts who closely watch the company’s buying signals.
The current purchase makes total Bitcoin holdings for Strategy stand at 766,970, acquired for $58.02 billion at nearly $75,644 per Bitcoin.
The timing is notable as well. Just days earlier, Strategy broke its routine by skipping its usual weekly Bitcoin acquisition for the first time this year. The company’s last confirmed purchase was on March 23, when it bought roughly $77 million worth of Bitcoin at an average price of $74,326 per coin.
That steady, almost clockwork-like buying rhythm has become a defining feature of Strategy’s approach, so even a brief pause raised questions about whether the firm was reassessing its timing or simply preparing for its next move.
Strategy leans on STRC stock sales to fund continued Bitcoin purchases
Behind the scenes, Strategy continues to rely heavily on a financing tool known as Stretch, or STRC. This perpetual preferred stock offering is structured to stay close to its $100 par value, with dividends adjusted each month to help keep the price stable.
Essentially, the company sells new STRC shares to investors, which brings in new capital. They then use this capital to buy more Bitcoin. This creates a system where the company’s crypto holdings are continually fueled by investor interest.
Recent estimates suggest Strategy may already have enough funds lined up for another significant purchase.
Based on capital raised during the week ending April 3, analysts believe the company could buy at least 1,821 Bitcoin if it chooses to deploy the available cash. That would fit neatly with its long-standing strategy of accumulating Bitcoin in regular increments whenever funding becomes available.
Strategy targets $44.1 billion raise
Looking further ahead, the company’s ambitions remain substantial. Strategy has outlined plans to raise as much as $44.1 billion over time, primarily through the sale of its common stock alongside continued issuance of STRC shares. The scale of that plan underscores just how central Bitcoin has become to the firm’s identity and long-term vision.
With Bitcoin recently trading near $69,100, the company’s holdings are currently valued below that average entry price. Even so, Strategy’s leadership has consistently signaled that it views Bitcoin as a long-term strategic asset rather than a short-term trade.
Combined, this means that the recent break might have just been a temporary phase. Following the same trend, Strategy has indeed gotten on “Back to Work”, keeping its name on top of the company Bitcoin list.