Strategy May Resume Buying BTC After Two-Month Hiatus, Saylor's 'We're Back' Post Sparks Rally

Michael Saylor, chairman of Strategy, has signaled that the company may resume buying Bitcoin (BTC), sending prices higher. According to cryptocurrency data site CoinMarketCap, BTC is currently trading at $78,425.57, up 0.29% from the previous day.

The news comes after Saylor posted 'We're Back' on X on June 30th, which some interpret as a signal that Strategy may have purchased BTC for the first time since June 22nd.

Strategy has recently sold part of its Bitcoin holdings to improve its financial structure and raised $2 billion through sales of MSTR shares on June 24th. It now holds enough liquidity to cover preferred stock dividends for about four years, leading some to speculate that the company may use these funds to buy more BTC.