Michael Saylor Eyes 1,800 BTC Buy as Bitcoin Holds $69K

Quick overview

Michael Saylor is apparently getting ready for the next major Bitcoin buy, sending a clear signal that he’s back at it even as Bitcoin idles near 69000 and still down a whopping 20 percent year to date.

Saylor Thinks it’s Time to Get Back to Work on Buying Bitcoin

Saylor posted a familiar chart with the message back to work, which is a very familiar pattern that has in the past preceded purchase announcements from his company. In fact this signal comes after the company stopped buying for just one week in late March, which was a bit of a break in the long buying streak that was a key part of their 2026 strategy.

Last time the firm bought was on March 23rd when it scooped up about 77 million worth of Bitcoin at an average price of 74326. Based on the current funding situation, the next buy could be anywhere from 1821 BTC or more, which shows you that his commitment to Bitcoin remains high even with the current price volatility.

MicroStrategy’s consistent buying has turned the firm into a sort of proxy for institutional Bitcoin exposure, and people often react to its buying and selling activity.

What Makes MicroStrategy’s Bitcoin Buying Strategy Tick

The reason that MicroStrategy is able to keep up this sort of buying is that they have a very structured system of capital that lets them raise funds by issuing stocks and preferred shares. One of the special tools in their arsenal is a type of perpetual preferred stock that they call Stretch. It’s designed to trade for just about 100 dollars per share, but with a kicker – they can raise the monthly dividend to make it more attractive to investors.

The money that they raise from these offerings is systematically poured into Bitcoin, creating a feedback loop between the capital markets and crypto buying. This lets them keep buying even when the price is down and nobody else is looking.

Some key elements of this system are:

• They issue preferred shares to raise cash without worrying about diluting the shares too fast.
• They use the money they raise to buy as much Bitcoin as possible.
• They keep people interested in their company by sending out dividend cheques each month.

In late March, the company said it was going to raise $44.1 billion to further expand its Bitcoin holdings and show the world that they are in it long term.

Bitcoin’s Recent Price Action and What’s Going on in the Market

Right now, Bitcoin is trading at around 69000, which is a small recovery from where it was a few weeks ago. It’s up about 1.2 percent over the past month, but still down a huge 20.9 percent since the start of the year.

You have to look at the big picture to understand what's going on:

• Interest rates are high and this is limiting the flow of cash into riskier assets.
• Geopolitics is driving volatility from time to time.
• Even with all these pressures, institutional demand is providing a pretty solid floor under the price.

Despite all this, Bitcoin has shown some resilience by holding on to key support levels. 68000 is starting to look like a near term floor, while 70000 is going to be a major test of whether the bulls are still in charge.

How Saylor’s Firm Holds Up Against Market pressures

Saylor’s company now owns a whopping 762099 BTC, which they bought at an average price of 75694 apiece. Unfortunately, at current prices, the position isn’t making anywhere near the kind of money that they spent to get into it. But that’s not the point – they’re playing the long game here, not trying to flip a quick profit.

So why should we care? Well here are a few reasons:

• It shows that big players are still confident in Bitcoin as a store of value.
• It gives markets a clear signal that buying is happening, even when others are bailing.
• It sets a benchmark for what corporate adoption of crypto looks like – and shows that even big companies can use Bitcoin as a sound investment strategy.

So as markets wait for confirmation that the next purchase is on the way, Saylor’s signal is sending a clear message to traders: large scale buyers are still out there, actively looking to buy the dip. Which means that even in the choppy markets right now, there’s every chance that Bitcoin can claw its way back up above 70000.

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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