Strategy (formerly MicroStrategy) has not announced a new Bitcoin purchase in over two months, but co-founder Michael Saylor’s cryptic “We’re ₿ack” post on X has fueled speculation that the firm may resume its accumulation strategy. The company has instead focused on rebuilding its USD cash reserve, which climbed above $6.5 billion, while its Bitcoin position turned profitable as the asset surged past $78,500.
Strategy co-founder and former CEO Michael Saylor posted a cryptic comment on X earlier today, stating, “We’re ₿ack.” The community widely interpreted the post as indicating the firm has resumed its bitcoin accumulation spree after a two-month pause.
Strategy’s latest announced bitcoin purchase came on June 22, with no new purchases disclosed since then. The firm paused its accumulation for two months and even announced a couple of sales to rebuild its USD reserve, which according to data exceeded $6.5 billion last week.
The company also established a new program called USD Cash, now consisting of $1.59 billion, alongside its regular greenback reserve of $5.1 billion. Additionally, Strategy continued repurchasing its STRC shares, which had slumped to $75 from a par price of $100 but recovered to over $97 last week.
Some users anticipate a new purchase announcement on Monday, while others warn Saylor’s message may refer to his company’s position turning green. Bitcoin’s price recovered significantly in the past week and a half, surging from under $65,000 to over $78,500 as of press time.
Given Strategy’s average accumulation cost of $75,653 per BTC, the firm is now in profit for the first time since May. Its position had been deep in the red on paper, exceeding $10 billion until several weeks ago.
Current CEO Phong Le recently indicated that buying could resume by the end of the year, without providing more details.
