MicroStrategy Resumes Bitcoin Buying, Saylor Posts ‘We’re Back’
Michael Saylor posted ‘We’re Back’ on X; MicroStrategy restarted Bitcoin purchases after an eight-week pause while building a $5.1B reserve and a $1.59B cash pool.
MicroStrategy CEO Michael Saylor posted “We’re Back” on X on Sunday. The company resumed buying Bitcoin after an eight-week pause during which it built a $5.1 billion U.S. dollar reserve and a $1.59 billion cash pool.
During the pause MicroStrategy halted its regular weekly purchases to focus on strengthening its balance sheet. The company stabilized preferred stock offerings and raised cash through large common stock sales to fund the dedicated $1.59 billion pool while maintaining the $5.1 billion reserve.
The pause followed a market period that left MicroStrategy’s Bitcoin holding trading below its cost basis. The firm now holds more than 840,447 Bitcoin at an average cost of roughly $75,385 per coin. With Bitcoin trading above $80,000 in recent sessions, MicroStrategy’s treasury returned to positive territory for the first time in months.
Saylor’s weekend posts have often been followed by the company’s Monday disclosures of treasury purchases. Market participants monitor those messages for indications of new buys.
Investors will look for an official disclosure detailing any new treasury purchases and the timing of resumed weekly buys. MicroStrategy remains the largest corporate holder of Bitcoin, and additional accumulation would change its public treasury position.
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