Michael Saylor Signals Potential Resumption of Bitcoin Purchases
- Michael Saylor indicated that his firm, Strategy, may resume buying Bitcoin as early as May 11.
- The company currently holds a treasury of approximately $66.15 billion in Bitcoin, with a total of 818,334 BTC purchased at an average price of $75,537 per BTC.
- Strategy recently raised around $82 million through an offering but paused purchases ahead of its May earnings report.
- The latest acquisition was on April 20, when the firm bought about $255 million worth of Bitcoin (3,273 BTC) at an average price of $77,906 per BTC.
- Saylor’s recent post on X stated “Back to work,” hinting at renewed activity in Bitcoin acquisitions after a brief hiatus.
After a pause in Bitcoin purchases due to earnings sensitivity, Michael Saylor’s firm is poised to resume acquisitions soon. The company has previously demonstrated significant purchasing power and commitment to accumulating Bitcoin.
With over $66 billion in its treasury and recent purchase activity reflecting strategic decisions, the potential announcement could indicate a return to aggressive acquisition practices by Strategy. (Source)
