Strategy's Saylor Hints at Resuming Bitcoin Purchases Amid Rally
Strategy Inc's Executive Chairman Michael Saylor has sent out a 'We're Back' message on X, sparking speculation that the company is preparing to resume Bitcoin acquisitions after a two-month hiatus. This comes as Bitcoin has rallied over 2.5% from its Friday low, trading around $79,000.
During the summer months, Strategy focused on balance sheet stabilization, accumulating a $5.1 billion USD reserve alongside a $1.59 billion cash position. The company's preferred shares (STRC) reached $98 on Friday, with Strategy expected to maintain buyback efforts to drive the price toward the $100 par value.
Saylor has established a pattern of sharing enigmatic weekend posts that typically precede formal treasury acquisition announcements on Monday mornings. The cryptocurrency community immediately picked up on the signal.