Strategy Eyes Return to Bitcoin Buying Amid Rising Prices
Strategy Executive Chairman Michael Saylor hinted at restarting Bitcoin buys after a two-month break. The company paused its acquisitions over the summer to focus on strengthening its balance sheet, building a $5.1 billion USD reserve and $1.59 billion in cash.
The recent price rebound has returned Strategy's 840,447 Bitcoins held at an average cost of $75,385 back into profitability. This financial stability and Bitcoin's upward trend have set the stage for Strategy to resume buying.