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Crypto Score 35 Bullish

Michael Saylor's Strategy Resumes Bitcoin Purchases, Eyes $80K Price Target

Apr 01, 2026 13:53 UTC
BTC-USD
Short term

Michael Saylor's Strategy has raised funds to purchase at least 1,111 BTC this week, increasing the odds of sending prices higher in April. The company's STRC preferred stock is likely funding fresh crypto purchases.

  • Strategy may purchase at least $76.25 million in Bitcoin this week.
  • Bitcoin may rise to $80,000 in April if Strategy's buying continues.
  • STRC closed at $100.02, enabling Strategy to issue new shares and raise capital.
  • Strategy has raised enough to fund over 1,111 BTC purchases as of Tuesday's close.
  • The company holds 762,099 BTC at an average price of $75,694.
  • A $44.1 billion capital-raising capacity was unveiled in March for Bitcoin purchases.

Michael Saylor's Strategy is set to resume Bitcoin accumulation after a brief pause, with its STRC preferred stock likely funding new purchases this week. The company has raised enough capital to acquire at least 1,111 BTC, equivalent to approximately $76.25 million. This marks a shift from the previous week, when STRC traded mostly below its $100 par value, resulting in no estimated BTC purchases. As of late March, Strategy held 762,099 BTC at an average acquisition price of about $75,694. The renewed buying activity coincides with a recent 5% increase in Bitcoin prices, which briefly reached $69,300. This follows a similar pattern observed in the week ending March 15, when Strategy's capital-raising efforts led to a 10% rise in Bitcoin despite weak broader market sentiment. The company previously purchased 22,337 BTC worth about $1.57 billion during that period. Strategy unveiled a $44.1 billion capital-raising capacity in March to continue buying Bitcoin through STRC and other preferred stocks. Technically, Bitcoin's recent rebound has retested the lower boundary of its bear flag pattern, with potential to advance toward the upper trendline near $80,000 if the recovery gains traction. This target aligns with the 50-period exponential moving average on the three-day chart. Conversely, Bitcoin risks breaking below the flag's lower trendline, leading to a potential decline toward the $49,000–$50,000 range if supportive factors wane.

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