Strategy (MSTR) Stock Returns to Buy Mode Following Bitcoin Pause

TLDR

• Michael Saylor posted “Back to Work” on X on April 5, indicating a probable resumption of Bitcoin purchases following a one-week hiatus.
• Strategy’s most recent BTC acquisition was on March 23, amounting to approximately $77 million at a price of $74,326 per coin.
• The company currently holds 762,099 BTC with an average cost of $75,694, which is presently at a loss with Bitcoin trading around $69,100 per BTC.
• Based on funds raised through its STRC preferred stock, estimates suggest Strategy is poised to acquire at least 1,821 BTC.
• Strategy’s market capitalization is close to $41.4 billion, with an enterprise value of approximately $57.3 billion.

(SeaPRwire) –   Strategy (MSTR) is trading at approximately $318 as of this writing, down about 20% year-to-date, mirroring the broader weakness in BTC.

Strategy Inc, MSTR

Michael Saylor has returned. The Executive Chairman of Strategy posted “Back to Work” on X on April 5, accompanied by a chart from StrategyTracker illustrating the firm’s complete Bitcoin reserve history. This action is a signal the market has come to understand.

₿ack to Work. pic.twitter.com/mbZTWiNUct

— Michael Saylor (@saylor) April 5, 2026

Saylor’s “orange dot” posts, named after the markers for each BTC purchase on his chart, have historically coincided with purchase announcements. This post maintained that pattern, arriving after a quiet week that had traders watching closely.

The pause was officially confirmed in a Form 8-K filing with the SEC. For the week concluding March 29, Strategy reported no Bitcoin purchases and no share sales. The company explicitly stated that it “did not sell any shares under its at-the-market offering program and did not purchase any bitcoin” during that period.

This was an unusual break. Strategy had been acquiring BTC weekly this year until March 23, when it purchased approximately $77 million worth at $74,326 per coin. The end of this streak drew attention—but the “Back to Work” post suggests it has resumed.

How Strategy Funds Its Bitcoin Buys

The firm’s primary method for financing its purchases is through its perpetual preferred stock, STRC, which trades near its $100 par value and offers a monthly adjusted dividend. Strategy issues new STRC, collects the proceeds, and then invests that capital into Bitcoin.

According to estimates from STRC.LIVE, funds raised in the week ending April 3 could support the acquisition of at least 1,821 BTC. This would place the next purchase in the range of $125 million at current prices.

Strategy is also continuing its capital-raising efforts. In late March, the company announced plans to raise $44.1 billion—primarily through sales of MSTR common stock and STRC—to finance its ongoing Bitcoin accumulation.

Where the Numbers Stand

Strategy holds a total of 762,099 BTC, acquired at an average cost of approximately $75,694 per coin. With Bitcoin trading near $69,100, the position is currently showing a loss.

The broader Bitcoin market performance: it has increased by 1.2% over the last 30 days but is down 20.9% year-to-date, impacted by macroeconomic pressures and geopolitical uncertainty.

Strategy’s market capitalization is close to $41.4 billion. Its enterprise value is approximately $57.3 billion. The Bitcoin reserve itself is valued at roughly $50.9 billion, based on a market price near $67,335 per coin.

Implied volatility for MSTR is around 66%, with annualized historical volatility exceeding 70%. The company exhibits significant leverage metrics directly linked to its Bitcoin holdings and capital structure.

A new purchase announcement is anticipated on Monday, consistent with Strategy’s typical timing for SEC disclosures.