Crypto
Home›Crypto›Market Structure›Strategy signals possible resumption of Bitcoin buying…
Strategy signals possible resumption of Bitcoin buying after two-month pause
Strategy paused regular weekly purchases for about two months to bolster its balance sheet, including a $5.1 billion reserve, as Bitcoin has since moved back above $80,000.
Strategy, the corporate Bitcoin vehicle led by Michael Saylor, signaled a likely return to Bitcoin buying after pausing its regular weekly purchases for roughly two months, according to Cointelegraph.
In a post saying “We’re Back” on X, Saylor’s message was framed as a hint that Strategy may resume corporate Bitcoin accumulation following the summer hiatus aimed at strengthening its balance sheet.
Cointelegraph said the pause coincided with a focus on preferred stock stabilization and building a $5.1 billion US dollar reserve, including a dedicated $1.59 billion cash pool generated through large common stock offerings.
The outlet added that Strategy holds more than 840,447 Bitcoin at an average cost basis around $75,385, and with Bitcoin pushing past $80,000, the firm’s overall position has returned to positive territory for the first time in months.
Latest closeBitcoin $81,723.06 ▼2.3%