Michael Saylor has signaled that his firm Strategy may resume its regular Bitcoin purchases after a rare weeklong pause. In a recent post, Saylor shared a familiar chart used to track the company’s acquisitions alongside the message “Back to Work,” a phrase he has previously used ahead of new buying announcements.
The pause marked the first time this year that Strategy skipped its otherwise consistent weekly accumulation of Bitcoin. Its most recent purchase prior to the break came on March 23, when the firm acquired approximately $77 million worth of BTC at an average price of $74,326 per coin.
Strategy’s acquisition strategy relies heavily on capital raised through financial instruments, particularly its perpetual preferred stock known as Stretch (STRC). The company issues shares of this instrument and uses the proceeds to fund Bitcoin purchases, maintaining a steady inflow of capital dedicated to expanding its holdings. Estimates suggest the firm could soon deploy funds sufficient to purchase at least 1,800 additional BTC based on recent fundraising activity.
Despite the temporary halt, Strategy appears committed to its long-term accumulation plan. In late March, the company announced intentions to raise more than $44 billion, primarily through equity offerings, to continue building its Bitcoin treasury. This aggressive approach has made Strategy one of the largest corporate holders of Bitcoin globally.
According to company data, Strategy currently holds over 760,000 BTC acquired at an average price of roughly $75,694. With Bitcoin trading below that level, the firm’s holdings are currently at an unrealized loss. However, recent price movements show modest recovery, with BTC posting slight gains over the past month despite remaining down year-to-date amid broader macroeconomic pressures.
