Strategy Bitcoin Buying May Resume After Saylor ‘We’re Back’ Signal
Michael Saylor said Strategy is back in profit as bitcoin tops $80,000, setting up a likely return to purchases after months of selling and reserve building.
- Michael Saylor said "We're Back" on Twitter, signaling Strategy's likely return to Bitcoin buying after halting its weekly accumulation spree two months ago.
- Strategy pivoted toward bolstering its balance sheet recently, building a $5.1 billion reserve and introducing a $1.59 billion cash pool through massive common stock offerings.
- With Bitcoin now past the $80,000 threshold, Strategy's overall position returned to positive territory for the first time in months, holding more than 840,447 Bitcoin.
- Any new capital raised will likely fund Bitcoin purchases and Stretch buybacks rather than bolster reserves, as the firm now has almost four years of preferred-dividend coverage.
- Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole speech preceded Bitcoin nearing $79,000, up more than 2.5%, marking a renewed offensive for the world's largest corporate Bitcoin treasury.
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33 Articles
Strategy’s Bitcoin Stash Turns $2.8 Billion Profitable as Saylor Signals Return
Strategy's 840,447 BTC turned profitable by $2.8 billion as Bitcoin rallied near $79,000. Michael Saylor's "We're Back" post on X fuels speculation of resumed buying after a two-month pause, even as the firm built $6.7 billion in cash reserves through stock sales. The shift marks an evolution in its Bitcoin treasury strategy.
Strategy founder Michael Saylor wrote "We're back" on his social media account. The post comes after Strategy hadn't bought Bitcoin for 10 weeks.
Michael Saylor released 'We're ack' with 840.447 bitcoins in treasury, a sign that anticipates the return of Strategy to Bitcoin's purchase. Saylor ticket makes the signal skip: Strategy buys Bitcoin after 10 weeks of pause aparece primero en Merca2.
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