Strategy (MSTR) Poised to Resume Bitcoin Buying After Rare Weekly Pause?

Michael Saylor, the founder and executive chairman of approach Inc. (NASDAQ: MSTR), has hinted that the company's aggressive accumulation

Strategy (MSTR) Poised to Resume Bitcoin Buying After Rare Weekly Pause?

Quick overview

  • Michael Saylor has indicated that MicroStrategy will resume its aggressive Bitcoin accumulation strategy after a brief pause.
  • The company recently purchased over $77 million worth of Bitcoin, but currently holds a significant unrealized loss due to the drop in Bitcoin's price.
  • MicroStrategy's stock has faced a sharp decline, dropping over 23% this year, and analysts warn it may continue to fall if key support levels are breached.
  • Despite the bearish trend, analysts have a positive outlook on MSTR stock, with price targets significantly higher than its current trading levels.

Michael Saylor, the founder and executive chairman of approach Inc. (NASDAQ: MSTR), has hinted that the company’s aggressive accumulation approach will continue after a rare week-long break.

Strategy (MSTR) Poised to Resume Bitcoin Buying After Rare Weekly Pause?
Strategy (MSTR) Signals “Back to Work” on Bitcoin Buys Amid Technical Bear Market

Saylor shared “Back to Work” on X on Sunday along with a screenshot from StrategyTracker, a tool he frequently uses before announcing Bitcoin purchases. The post has grown to be a highly anticipated signal for both cryptocurrency markets and investors.

A Brief But Notable Pause

The pause was important in and of itself. Strategy has been buying Bitcoin BTC/USD every week for the first part of 2025; the gap at the end of March was the first of its kind this year. On March 23, the corporation made its most recent confirmed acquisition, purchasing over $77 million worth of Bitcoin at an average price of $74,326 per coin.

Strategy may have amassed enough money over the week ending April 3 to buy at least 1,821 BTC when buying resumes, according to calculations by STRC.LIVE.

How Strategy Funds Its Bitcoin Habit

Issuing shares of its perpetual preferred stock, or STRC (ticker: STRC), is the company’s main source of finance. By issuing new shares and using the profits to buy Bitcoin, STRC, which is intended to trade close to its $100 par value through a monthly dividend adjustment mechanism, enables Strategy to raise further funds.

Strategy demonstrated its continued commitment to its Bitcoin treasury strategy in late March when it revealed an ambitious plan to generate $44.1 billion for future Bitcoin purchases, mostly through the issuance of common MSTR shares and STRC preferred stock.

MicroStrategy’s BTC Holdings Deep in the Red

At an average purchase cost of $75,694 per coin, Strategy currently possesses 762,099 Bitcoin. With Bitcoin currently priced close to $69,100, the company’s assets are at an unrealized loss of about 11.7%, which means that its $57.7 billion position has a sizable paper deficit.

In the midst of geopolitical unpredictability and a challenging socioeconomic environment, Bitcoin has seen a volatile year, falling roughly 20.9% year to date. However, over the last 30 days, it has increased by about 1.2%.

BTC/USD

 

Strategy (MSTR) Stock Under Pressure

MSTR shares had a sharp drop from their all-time high of $542 to conclude the week at about $119.83. The stock has down more than 23% so far this year, and it has dropped over 10% in the last month alone.

The image is difficult from a technical standpoint. The stock has been below the Supertrend indicator since August of last year, a typical indication of a persistent bear trend, and has created a death cross, with the 50-day moving average crossing below the 200-day. Analysts caution that the stock may continue to decline toward $80 if the $100 psychological support level is broken.

The difference between the current price and expert consensus is still very noticeable, even with the bearish picture. With predictions ranging from $175 to $705, the average analyst price objective is $374, which is around 68% higher than current levels.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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