Saylor's Weekend Work Ethic: Strategy Back on the Bitcoin Grind After Brief Vacay
Michael Saylor dropped a casual "Back to Work" on X Sunday, signaling Strategy's ready to resume its weekly Bitcoin shopping spree after taking an unexpected week off. The man literally cannot stay away from the orange coin longer than seven days—it's basically a dependency at this point, and honestly? We respect the commitment.
The firm hit pause on BTC buys at the end of March—its first weekly break this year. Its last haul came March 23, scooping up roughly $77 million in Bitcoin at $74,326 per coin. That's right, folks. Strategy took a vacation. The only corporation in crypto history to briefly consider something other than accumulating more BTC. We were all briefly concerned there for a second.
Strategy funds its BTC habit primarily through selling Stretch (STRC), its perpetual preferred stock designed to hover around the $100 par value via monthly dividend tweaks. The firm issues new STRC shares, then deploys the proceeds straight into more Bitcoin. Textbook treasury management, really. It's like printing money to buy money, except somehow less controversial when you call it "strategic capital allocation."
According to estimates from STRC.LIVE, Strategy could be eyeing at least 1,821 BTC based on funds raised for the week ending April 3. The treasury's looking loaded and ready. That's roughly $126 million in potential buys if math still works the way it used to. Someone get Saylor a calculator and a Red Bull.
Despite the brief vacation, no signs of slowing down here. Strategy recently announced plans to raise $44.1 billion for future BTC purchases, primarily through flogging more MSTR shares and STRC. Forty-four point one billion. With a B. We're not saying Saylor has a shopping problem, but if Bitcoin were a luxury handbag, he'd have the entire Hermès inventory by now.
On the balance sheet front, Strategy's sitting on 762,099 BTC with an average cost of $75,694 per coin. At current prices around $69,100, the bag's technically underwater—but Bitcoin's up 1.2% over the past month, so there's that silver lining. Year-to-date though? Down 20.9% amid geopolitical drama and less-than-stellar macro vibes. Nothing a good old-fashioned rate cut won't fix, probably, maybe, fingers crossed.
Saylor's back. Time to see what the old buy-the-dip machine orders up next. Let's gooo.
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