Bitcoin (BTC) has seen a notable price surge, nearing $80,000 after briefly surpassing $79,000 over the weekend, before settling around $71,000 on Wednesday. This resurgence has brought Bitcoin back to levels not seen since the early February selloff, although the sustainability of this rally is in question. Much of the attention is on billionaire Michael Saylor and his firm, Strategy, which has been instrumental in large-scale Bitcoin accumulation. Strategy acquired over 100,000 Bitcoin during March and April, valued at approximately $7.7 billion at current prices, even surpassing BlackRock's Bitcoin ETF in holdings at one point. However, recent purchases have slowed, with only 3,273 Bitcoin bought for $255 million last week, attributed to weaker sales of its perpetual preferred shares (STRC) that fund these acquisitions. The STRC shares, which carry an 11.5% dividend, are facing pressure as their value dips below $100, complicating further fundraising efforts. In contrast, the broader stock market has shown strength, with the S&P 500 rising nearly 9% in April. Yet, rising oil prices and mixed macroeconomic signals are contributing to a cautious investor sentiment, with futures market data indicating an increase in short positions on Bitcoin despite its recent highs.