Michael Saylor has signaled that Strategy may be preparing to restart Bitcoin purchases after roughly 10 weeks without adding to its corporate treasury. The executive chairman posted "We're ₿ack" on social media on Sunday alongside the company's acquisition chart, drawing attention to its recent buying pause. However, the message was not a transaction announcement, and Strategy has not confirmed any change in its holdings.
Bitcoin was trading near $79,000 as the post circulated, more than 2.5% above Friday's low and above Strategy's $75,385 average acquisition cost.
Holdings and Recent Activity
As of August 23, Strategy held 840,447 BTC acquired for approximately $63.36 billion, representing roughly 4% of Bitcoin's fixed 21 million supply. The company's average purchase price stands at $75,385 per coin.
A confirmed acquisition would mark Strategy's first Bitcoin purchase since June 22, when the company bought 520 BTC for $34.9 million. Since then, Strategy has reduced its position through four sales: 1,363 BTC reported June 30, 2,225 BTC reported July 6, 1,638 BTC on August 3, and 1,690 BTC on August 10.
Liquidity Position
On August 24, Strategy disclosed total dollar liquidity of $6.69 billion. That amount included a $5.10 billion USD Reserve designated for preferred-stock dividends and interest payments, and a separate $1.59 billion USD Cash account available for acquisitions, share repurchases, convertible-note obligations, or other treasury requirements.
Between August 17 and August 23, Strategy sold 18.26 million MSTR shares, generating about $2.01 billion in net proceeds. The company allocated $136.4 million toward preferred-stock repurchases and added another $300 million to its USD Reserve, with remaining proceeds transferred into USD Cash.
Only Strategy's next regulatory disclosure can confirm whether Bitcoin accumulation has officially resumed.
