- Strategy co-founder Michael Saylor posted a cryptic message on X, signaling the company’s likely return to Bitcoin buying.
- Saylor has a history of using weekend teasers that precede official Monday announcements of treasury purchases.
- The firm paused its Bitcoin buying over the summer to bolster its balance sheet, building a $5.1 billion USD reserve.
- Bitcoin’s recent rally above $80,000 has pushed Strategy‘s 840,447 BTC treasury back into positive territory.
Strategy co-founder Michael Saylor signaled the company’s likely return to Bitcoin buying with a post on X that simply declared, “We’re Back.” For market watchers, the post could be a strong psychological signal, as Saylor has a track record of dropping cryptic weekend teasers that precede official Monday morning treasury purchase announcements.
Should that record hold true, the post points to the resumption of corporate Bitcoin accumulation following a notable summer hiatus. Over the past two months, Strategy paused its regular weekly Bitcoin buying spree to bolster its balance sheet. The firm focused on stabilizing its preferred stock offerings, building a $5.1 billion US dollar reserve, and introducing a $1.59 billion cash pool from common stock offerings.
This strategic breather coincided with a challenging market stretch that left Strategy’s treasury deep in the red. However, recent macro momentum has propelled Bitcoin past the $80,000 threshold. Because Strategy holds more than 840,447 Bitcoin at an average cost basis near $75,385, the recovery has pushed its position back into positive territory.
Saylor’s declaration functions on multiple levels, likely signaling the company is ready to deploy its considerable dry powder. Psychologically, it marks a triumphant return to profitability for the world’s largest corporate Bitcoin treasury, as shared on X.
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