Strategy Returns to Bitcoin Purchases with ‘Back to Work’

Michael Saylor implied that Bitcoin treasury company Strategy has resumed its weekly Bitcoin purchases after a one-week break at the end of March. On Sunday, he shared a StrategyTracker screenshot on the X platform with the note “Back to Work”. The company made its last purchase on March 23 this year, acquiring approximately $77 million worth of BTC at $74.326 per unit.

What Does Michael Saylor’s “Back to Work” Post Mean?

Strategy’s founder Michael Saylor emphasizes with this post that the company remains committed to its Bitcoin accumulation strategy. In the last 30 days, BTC BTC detailed analysis price rose by 1.2%, while it has fallen 20.9% since the beginning of the year. The current price is at the 69,140 dollar level with a 24-hour change of +3.04%.

Strategy’s BTC Holdings and Average Cost Details

According to the company’s website, it holds a total of 762.099 BTC with an average cost of 75.694 dollars. At current prices, the holdings are generally in loss. At the end of March, a fundraising plan was announced for a 44.1 billion dollar BTC purchase. This strategy provides protection against fluctuations in the BTC futures market.

Bitcoin Technical Analysis: Strong Support and Resistance Levels

RSI at 51.19 is in the neutral zone, trend sideways, Supertrend giving bearish signal. EMA 20: 68.491 dollars. Supports: S1 68.944 dollars (strong, score 84/100), S2 67.294 dollars (medium). Resistances: R1 69.205 dollars (strong, score 83/100), R2 83.437 dollars. These levels may affect Strategy’s purchases.

• Strong Support: 68.944 USD (-0.25% away)
• Near Resistance: 69.205 USD (+0.13% away)

Purchases Financed by STRC Perpetual Stock

Strategy finances its Bitcoin purchases through sales of Stretch (STRC) perpetual preferred stock. This method allows the company to grow its BTC treasury while managing its debt load. For investors, STRC offers high return potential while being exposed to market volatility.