Michael Saylor hints at first bitcoin purchase in two months as Bitcoin nears $79,000
Michael Saylor, executive chairman of Strategy Inc., hinted at a return to Bitcoin purchasing after a two-month hiatus. The company has shifted its strategy from selling Bitcoin to bolster reserves toward funding new acquisitions and stock buybacks.
Why it matters
As a major corporate holder of Bitcoin, Strategy Inc.'s buying activity significantly influences market sentiment and crypto asset valuation.
Strategy’s MSTR $ 127.36 · At close executive chairman posted “ We’re Back ” on X, most likely implying that the company has purchased bitcoin for the first time in two months.
The new post comes after the bitcoin accumulation company spent the last few months, starting in May , selling some of its bitcoin stash to help bolster its balance sheet. Most recently, however, it halted the sale of its bitcoin and sold MSTR shares instead to increase its U.S. dollar reserves and began buying back its preferred stock, Stretch or STRC
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