Saylor's 'Back to Work' Post Hints Strategy's Bitcoin Shopping Spree Is Resuming After a Rare Week Off

Michael Saylor is back to doing what he does best — stacking sats. The Strategy co-founder hinted his Bitcoin treasury firm is back on track with its weekly purchases after taking a rare week off at the end of March, breaking its weekly buying streak for the first time this year. Because apparently, even the most degenerate Bitcoin maximalist needs a vacation sometimes — though apparently just one.

In an X post on Sunday, Saylor shared a screenshot from StrategyTracker with the caption "Back to Work" — a phrase that has historically preceded purchase announcements. Market participants noted that Saylor typically announces an increase in the company's Bitcoin holdings the day after similar posts, suggesting a new purchase may be imminent. Call it the most predictable pump in crypto history, if you can even call it a pump anymore.

The firm's last purchase was reported on March 23, buying about $77 million worth of BTC at $74,326 per coin. According to estimates from STRC.LIVE, Strategy could be set for a purchase of at least 1,821 BTC based on funds raised for the week ending April 3. That's roughly $126 million in Bitcoin at current prices — chump change for a company that's basically running a perpetual money printer shaped like a corporate treasury.

One of Strategy's main avenues for funding Bitcoin purchases is via the sale of its perpetual preferred stock, Stretch (STRC), which trades around its par value of $100 thanks to a monthly dividend adjustment mechanism. The firm issues new shares of STRC and allocates the proceeds into Bitcoin buys. It's basically a sophisticated way of saying "print money, buy Bitcoin, repeat" — and somehow it keeps working.

Despite the brief pause, Strategy shows no signs of slowing down. In late March, the company announced plans to raise $44.1 billion to fund BTC purchases primarily through selling its common MSTR shares and STRC. That's $44 billion with a B — enough to make even the most hardened degen weep tears of joy or horror, depending on their position.

According to Strategy's website, the firm has acquired a total of 762,099 BTC for an average cost of $75,694 per coin. At current prices of about $69,100, the holdings are in the red overall — representing an unrealized loss of approximately 11.74%. Ouch. But if you're Michael Saylor, you're not selling. You're not even blinking. You're probably just calculating how many more sats you can fit into the treasury before the next halving.

Bitcoin has climbed 1.2% over the past 30 days but remains down 20.9% year-to-date amid geopolitical tensions and a challenging macro climate. Meanwhile, Strategy keeps buying like there's no tomorrow — because in Saylor's world, there basically isn't. There's just Bitcoin, and then there's everything else.