Strategy's Bitcoin Buying Pause Nears End as Saylor Signals 'We're ₿ack'

Michael Saylor has hinted that Strategy may resume buying Bitcoin after a 10-week pause. The company's executive chairman posted 'We're ₿ack' on X, alongside its acquisition chart, drawing attention to its recent buying halt.

The message was not a transaction announcement, and Strategy has not confirmed any change in its holdings. However, the move suggests that the company may be preparing to restart its Bitcoin purchases.

Strategy holds 840,447 BTC worth $63.36 billion at an average acquisition cost of $75,385 per coin. The company's recent sales have reduced its position, lowering its holdings from 847,363 BTC to 840,447 BTC.

The market backdrop has also changed since Strategy's most recent acquisition. Bitcoin's price has recovered and is now trading near $79,000, which is above the company's average acquisition cost of $75,385 per coin.