Strategy Eyes Return to Bitcoin Buying After Ten-Week Downturn

Strategy, led by executive chairman Michael Saylor, may be preparing to resume Bitcoin purchases after a ten-week hiatus. On Sunday, Saylor posted 'We're ₿ack' on X, accompanied by a corporate Bitcoin holdings chart, drawing attention to the firm's approach to its cryptocurrency portfolio.

The company last documented a Bitcoin acquisition on June 22, when it purchased 520 BTC for $34.9 million at an average price of $67,068 per coin. However, between June and August, Strategy gradually reduced its position with four separate sales totaling 6,916 BTC.

Strategy now holds 840,447 BTC, representing approximately 4% of Bitcoin's fixed 21 million supply, maintaining its status as the largest corporate holder in the market.