Strategy Executive Chairman Michael Saylor has fueled expectations that the company could resume buying Bitcoin after posting “We’re Back” on X, following a roughly two-month pause in its accumulation program.
The message did not disclose a purchase or specify the size or timing of any potential transaction. Saylor has previously posted brief weekend messages ahead of Strategy’s Monday treasury disclosures, prompting market participants to interpret the latest post as a possible signal of renewed buying.
Strategy Built Dollar Liquidity During Buying Pause
Strategy shifted its focus to liquidity and balance-sheet management during its recent pause in Bitcoin purchases.
Specifically, the company increased its U.S. dollar reserve to $5.1 billion and established a separate $1.59 billion cash pool using proceeds from common-stock sales. The additional liquidity can be used for purposes including Bitcoin purchases, while the existing reserve is primarily intended to cover preferred-stock dividends and interest obligations.
Strategy currently holds 840,447 Bitcoin acquired at an average cost of about $75,385 per coin, giving it the largest Bitcoin position among publicly traded corporate holders.
Bitcoin Recovery Lifts Strategy Holdings Above Cost
Saylor’s post came after Bitcoin recovered above Strategy’s average acquisition price, reversing paper losses on the company’s holdings.
Bitcoin recently moved above $80,000 after trading below Strategy’s cost basis during the summer. The rebound put the company’s Bitcoin position back into unrealized profit.
Any resumption of purchases remains unconfirmed until Strategy reports a transaction. Saylor’s post did not provide a purchase price, Bitcoin amount, or other transaction details.