Saylor Sparks Speculation Over Potential Restart of Bitcoin Purchases at Strategy Inc.
Strategy Inc., the world's largest corporate Bitcoin holder, may be preparing to resume its Bitcoin purchases after a two-month pause. The company's CEO Michael Saylor sparked intrigue by posting the firm's accumulation chart on X, using orange circles or 'dots' to highlight the firm's Bitcoin buys.
'We're ₿ack,' he wrote in the post, which has historically preceded purchase disclosures. This comes after Strategy shifted its focus to capital raising and managing its balance sheet, selling some of its Bitcoin holdings along the way.
As of August 22, the company holds 840,447 BTC, worth over $72 billion. However, it also has nearly $9 billion in unrealized losses on its Bitcoin holdings.