Strategy Reenters Bitcoin Market After Two-Month Pause

Strategy's Michael Saylor declared 'We're Back' on X (formerly Twitter), signaling the company's return to buying Bitcoin. This comes after a two-month hiatus from its regular weekly Bitcoin purchasing schedule, which was paused to focus on bolstering its balance sheet.

During this period, Strategy built a $5.1 billion US dollar reserve and introduced a dedicated cash pool worth $1.59 billion generated through massive common stock offerings. The firm also focused on stabilizing its preferred stock offerings.

The company holds over 840,447 Bitcoin at an average cost basis of around $75,385. With recent market momentum pushing Bitcoin past the $80,000 threshold, Strategy's overall position has returned to profitability for the first time in months.