Michael Saylor’s Strategy appears set to resume its weekly Bitcoin purchases after a one-week pause. The executive hinted at renewed activity with a social media post captioned “Back to Work,” often a precursor to purchase announcements. Estimates suggest the firm could buy over 1,800 BTC with funds raised, even as its total holdings of 762,099 BTC remain at an average cost above the current market price.
Michael Saylor has signaled that his Bitcoin treasury firm, Strategy, is preparing to resume its weekly Bitcoin acquisitions. In a social media post on Sunday, Saylor shared a chart with the caption “Back to Work.”
The firm took a rare week off from purchases at the end of March. Its last reported buy was on March 23 for about $77 million worth of BTC.
Strategy frequently funds its Bitcoin buys through the sale of its perpetual preferred stock, Stretch (STRC). It issues new shares and allocates the proceeds toward Bitcoin.
According to estimates from STRC.LIVE, the firm could be set to purchase at least 1,821 BTC based on recent fundraising. Despite the brief pause, the company shows no signs of slowing its accumulation.
Strategy recently announced plans to raise $44.1 billion to fund further Bitcoin purchases. The capital would be raised primarily through sales of its common MSTR shares and STRC.
According to the firm’s website, it holds 762,099 BTC acquired at an average cost of $75,694 per coin. At a current price around $69,100, the total holdings are underwater.
Bitcoin’s price has increased by 1.2% over the past month. It remains down 20.9% year-to-date amid broader market challenges.
