Michael Saylor hints MicroStrategy may resume Bitcoin purchases after two-month pause, with $6.5B in USD reserves and stock recovery.
Macro & Markets ·
Michael Saylor, co-founder and former CEO of Strategy, posted a cryptic message on X reading "We're ₿ack" alongside a chart of the company's bitcoin purchases, sparking speculation that the firm may resume acquisitions after a two-month pause that began following its last announced purchase on June 22. Strategy has accumulated over 110 BTC over six years and has now rebuilt USD reserves to above $6.5 billion, consisting of a regular greenback reserve of $5.1 billion and a newly established USD Cash program holding $1.59 billion. The company's preferred stock STRC has recovered to over $97 from a low near $75, and Strategy's holdings have turned profitable as bitcoin's price surged from under $65,000 to over $78,500, crossing above the firm's average accumulation cost of $75,653 per BTC for the first time since May.
Whether Saylor's message signals imminent bitcoin purchases or refers to the portfolio's return to profitability remains unconfirmed. Current CEO Phong Le has indicated that resumed buying could occur by year-end, though no specific timeline or purchase amount has been disclosed. Community interpretation of the post varies, with some anticipating an announcement as soon as Monday while others interpret it as commentary on the company's financial recovery.