Michael Saylor Hints at Return to Weekly Bitcoin Purchases

Michael Saylor indicated that Strategy's regular Bitcoin purchases are set to resume after a week-long break at the end of March. He posted “Back to Work” on X, often preceding purchase announcements. The firm funds these purchases primarily through the sale of its perpetual preferred stock, Stretch (STRC), issuing new shares and allocating the proceeds to Bitcoin. Estimates suggest a potential purchase of at least 1,821 BTC based on funds raised as of April 3. Despite the pause, Strategy plans to raise $44.1 billion to continue funding Bitcoin acquisitions. Currently holding 762,099 BTC at an average cost of $75,694, Strategy’s holdings are currently at a loss given the recent price dip to around $69,100, though Bitcoin has seen a 1.2% increase in the last month.

(Source：Cointelegraph)