Strategy Bitcoin Buying May Resume After Saylor ‘We’re Back’ Signal
Michael Saylor said Strategy is back in profit as bitcoin tops $80,000, setting up a likely return to purchases after months of selling and reserve building.
- Michael Saylor said "We're Back" on Twitter, signaling Strategy's likely return to Bitcoin buying after halting its weekly accumulation spree two months ago.
- Strategy pivoted toward bolstering its balance sheet recently, building a $5.1 billion reserve and introducing a $1.59 billion cash pool through massive common stock offerings.
- With Bitcoin now past the $80,000 threshold, Strategy's overall position returned to positive territory for the first time in months, holding more than 840,447 Bitcoin.
- Any new capital raised will likely fund Bitcoin purchases and Stretch buybacks rather than bolster reserves, as the firm now has almost four years of preferred-dividend coverage.
- Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole speech preceded Bitcoin nearing $79,000, up more than 2.5%, marking a renewed offensive for the world's largest corporate Bitcoin treasury.
25 Articles
25 Articles
Strategy’s Bitcoin Stash Turns $2.8 Billion Profitable as Saylor Signals Return
Strategy's 840,447 BTC turned profitable by $2.8 billion as Bitcoin rallied near $79,000. Michael Saylor's "We're Back" post on X fuels speculation of resumed buying after a two-month pause, even as the firm built $6.7 billion in cash reserves through stock sales. The shift marks an evolution in its Bitcoin treasury strategy.
As Bitcoin trades within a range following remarks by Federal Reserve Chair Kevin Warsh, Strategy, the world's largest Bitcoin holder, has raised the possibility of buying Bitcoin. On the 30th, Strategy Chairman Michael Saylor posted a message on X along with a chart showing the company's Bitcoin holdings, stating, "We're Back." Strategy is moving to purchase Bitcoin...
Michael Saylor, chairman of Bitcoin (BTC) finance firm Strategy, posted on X on August 30th, "We're back..." The post Strategy's Michael Saylor posts on X, "We're back," first appeared on NADA NEWS.
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