Strategy Eyes Resumption of Bitcoin Buys After 10-Week Halt
Michael Saylor's company, Strategy, may resume buying Bitcoin after a 10-week halt. The company currently holds 840,447 BTC valued at $63.36 billion with an average cost of $75,385 per Bitcoin.
In that time, Strategy focused on building dollar liquidity instead of expanding its Bitcoin holdings, amassing $6.69 billion in cash reserves.
Bitcoin's price rising above Strategy's average cost provides context for potential renewed buying, but the company has yet to confirm any new purchases.