Saylor’s Strategy resumes BTC buying; is $80K next?

• Strategy (MSTR) is positioned to resume its Bitcoin acquisition after a brief hiatus, potentially purchasing at least 1,111 BTC this week.
• The company's STRC preferred stock is trading above its $100 par value, allowing for the issuance of new shares to raise an estimated $76.25 million.
• Technical indicators suggest that the renewed buying pressure could propel Bitcoin toward a price target of $80,000 during April.

Capital Raising through Preferred Stock

Michael Saylor’s Strategy (MSTR) appears ready to reactivate its Bitcoin accumulation phase. On Tuesday, the company's STRC preferred stock closed at $100.02, successfully crossing the critical $100 par value threshold. This price level is significant as it enables the firm to issue fresh equity and deploy the resulting capital directly into the cryptocurrency market.

Estimates from market trackers suggest that by Tuesday's close, the company had already secured enough funding to purchase approximately 1,085 BTC. Projections for the full week indicate a total acquisition of more than 1,111 BTC, which represents a capital injection of roughly $76.25 million. This marks a notable change from the previous week when the stock traded below par, resulting in zero estimated purchases.

Current Holdings and Market Performance

As of the final days of March, the firm reported holdings of 762,099 BTC. These assets were acquired at an average price of approximately $75,694 per coin. The return to active buying has historically correlated with positive price movement for the underlying asset. Since the start of this week, the price of Bitcoin has surged by more than 5%, briefly touching the $69,300 mark.

Historical data reinforces this connection:

• During the week ending March 15, the firm purchased 22,337 BTC for $1.57 billion, coinciding with a 10% price rally.
• Conversely, when the company paused buying in late March as STRC fell below par, Bitcoin prices dropped by 14.55% over a two-week period.
• The firm recently disclosed a massive $44.1 billion total capital-raising capacity intended for future Bitcoin acquisitions.

Future Price Targets and Technical Outlook

From a technical perspective, Bitcoin's recent bounce occurred after testing support at the lower boundary of a bear flag pattern. Analysts suggest that if the current recovery maintains its momentum—supported by renewed buying from Strategy and a potential easing of geopolitical tensions—the price could target the $80,000 level in April.

This upside target is reinforced by the 50-period exponential moving average on the three-day chart, which currently serves as a primary resistance zone. However, if the support at the flag's lower trendline fails to hold, the market could see a bearish breakdown. In such a scenario, the price might retreat toward the $49,000–$50,000 range, a projection shared by several market analysts.