Michael Saylor Hints at Potential Resumption of Bitcoin Purchases by Strategy Inc.
Michael Saylor, CEO of Strategy Inc., hinted on August 30 that the company may resume buying Bitcoin after a pause exceeding two months. In a post on X, he shared an accumulation chart with orange dots marking past purchases and wrote 'We're ₿ack,' fueling speculation about renewed BTC acquisitions. Strategy is currently holding approximately 840,447 BTC, valued at over $72 billion, but has been selling some of its holdings recently. The company had shifted focus to capital raising and strengthening cash reserves in recent months. Bitcoin's price rebounded in August, reaching as high as $80,000 before trading near $78,409 on the day of publication. MSTR stock rose 2.18% in pre-market trading following Saylor’s post but had fallen sharply during Friday’s session.
Tickers: $MSTR