Michael Saylor Indicates Strategy’s Return to Bitcoin Purchases
- Michael Saylor announced “We’re Back” on X, signaling a potential return to Bitcoin buying.
- Strategy paused its regular weekly Bitcoin purchases over the past two months to strengthen its balance sheet.
- The company built a $5.1 billion US dollar reserve and created a $1.59 billion cash pool through stock offerings.
- Strategy holds over 840,447 Bitcoin with an average cost basis of approximately $75,385.
- Recent market momentum has pushed Bitcoin prices above $80,000, restoring profitability for Strategy’s holdings.
Saylor’s announcement suggests that the company is ready to resume accumulating Bitcoin after a hiatus focused on financial stability amid challenging market conditions. This development marks a significant shift back to operational activity for the world’s largest corporate Bitcoin treasury.
With Bitcoin now surpassing $80,000, Strategy’s position has returned to positive territory after months of losses due to its substantial holdings in the cryptocurrency.(Source)
