Michael Saylor’s Strategy (MSTR) is poised to restart its accumulation of Bitcoin (BTC) after a brief hiatus, as it looks to buy at least 1,111 BTC this week. This move aims to increase Bitcoin prices, potentially reaching as high as $80,000 by April.

Key Highlights:

• Strategy might acquire $76.25 million in Bitcoin this week.
• There’s a favorable technical setup that could allow Bitcoin prices to surge up to $80,000 in April.

Strategy’s Plans for BTC Purchases

On Tuesday, the STRC stocks closed at $100.02, just above their par value of $100. This positioning provides Strategy the leverage to issue new shares to raise funds for purchasing Bitcoin.

Estimates indicate that by the end of Tuesday, Strategy had managed to raise enough capital to secure over 1,085 BTC, pushing the total acquisitions to around 1,111 BTC.

STRC price and volume. Source: STRC.LIVE

Recently, Bitcoin has rebounded significantly. It rose over 5%, approaching $69,300. This coincides with Strategy’s renewed buying phase, reminiscent of previous rallies when the company was actively purchasing Bitcoin.

BTC/USD weekly chart. Source: TradingView

If this recovery momentum is maintained, Bitcoin could target the $80,000 mark, particularly if buying is reinforced by reduced tensions related to the Iran conflict.