Michael Saylor has hinted that Strategy may be ready to restart its regular Bitcoin buying. After a rare pause late in March, a new post on X now points to another possible purchase.
Important to Know
- Michael Saylor posted “Back to Work” alongside a StrategyTracker chart, a setup he often shares before a buy announcement.
- Strategy last reported a Bitcoin purchase on March 23, when it bought about $77 million in BTC at $74,326 per coin.
- Strategy says it now holds 762,099 BTC at an average cost of $75,694, while Bitcoin trades near $69,100.
We reported last week that Strategy stopped buying coins for one week at the end of March. With that it broke a 13 week streak that had lasted through the year. Now the mood looks different again. Saylor shared a screenshot from StrategyTracker on Sunday with the caption “Back to Work,” and traders often read that kind of post as an early clue that another Bitcoin buy may be close.
₿ack to Work. pic.twitter.com/mbZTWiNUct
— Michael Saylor (@saylor) April 5, 2026
It helps to know why Strategy gets so much attention. The company acts like a Bitcoin treasury firm, which means it raises money and uses a large part of it to buy and hold BTC on its balance sheet. So, when Strategy buys, people often see it as a sign of continued corporate demand.
One way Strategy funds those purchases is through a product called Stretch, traded under the ticker STRC. Stretch is a perpetual preferred stock, which is a type of share designed to pay investors ongoing dividends and trade near a set value, in this case around $100. Strategy sells new STRC shares, brings in cash from the market, and then puts part of that money into Bitcoin.
That route sits alongside another big funding plan. In late March, Strategy said it wanted to raise $44.1 billion for more Bitcoin purchases, mainly through sales of common MSTR shares and STRC. In simple terms, the company is still building a large money pipeline for future BTC buys, even after taking one week off.
There is another side to the story, though. According to the company website, Strategy has bought 762,099 BTC at an average price of $75,694 per coin. With Bitcoin near $69,100, those holdings are below the average entry price right now. We should note, however, that Strategy has shown again and again that it focuses on long-term accumulation rather than short-term price swings.
For newer Bitcoin readers, average cost matters because it shows the typical price a buyer paid across all purchases. When the market price sits below that number, the position is underwater on paper. Still, no loss becomes final unless coins are sold. Strategy has given little sign that it wants to slow down or change direction.
So while one skipped week raised eyebrows, the bigger picture still looks the same. Saylor appears to be signaling that Strategy is back in buying mode, and the company still has major plans to raise fresh capital for more BTC.
At time of writing, Bitcoin is trading at $69,127 which means it is up by 3% over the last 24 hours.