Overview
- Saylor, who posted “Back to Work” on Sunday with a StrategyTracker chart, pointed to a likely return to the firm’s regular Bitcoin purchases.
- Company disclosures show Strategy holds 762,099 BTC at an average cost of $75,694 per coin, leaving the position at an unrealized loss of about $6.9 billion with Bitcoin near $69,100.
- A Form 8-K confirmed a rare break in the cadence as the week ending March 29 saw no Bitcoin buys or share sales after a March 23 purchase of roughly $77 million at $74,326 per coin.
- Strategy funds its buying mainly by issuing STRC, a perpetual preferred stock that trades near its $100 par value and pays a monthly adjustable dividend, with late-March plans outlining up to $44.1 billion in potential capital raises.
- Estimates from STRC.LIVE indicate funds raised for the week ending April 3 could support at least 1,821 BTC, and reporters say a new purchase disclosure is expected soon based on the company’s past Monday filings.