Saylor Signals 'We're Back' to Bitcoin Buying as Price Recovery Lifts Strategy's Holdings

Strategy's Michael Saylor recently posted on X (formerly Twitter) that 'We're Back' in a likely signal of the company's return to buying Bitcoin. This post could be a strong psychological signal for market watchers, given Saylor's track record of dropping cryptic weekend teasers before official Monday morning treasury purchase announcements.

Strategy paused its regular weekly Bitcoin buying spree over the past two months, instead focusing on stabilizing its preferred stock offerings and building a $5.1 billion US dollar reserve. The firm also introduced a dedicated $1.59 billion cash pool generated through massive common stock offerings during this time.

The summer hiatus coincided with a challenging market stretch that left Strategy's industry-biggest BTC treasury sitting deep in the red on paper. However, recent macro momentum has propelled Bitcoin past the $80,000 threshold, pushing Strategy's overall position back into positive territory for the first time in months.