Michael Saylor Signals Strategy’s Return to Bitcoin Buying as Price Nears $79,000

Strategy’s executive chairman Michael Saylor appeared to hint at the company’s first bitcoin purchase in roughly two months, posting a short message on social media widely interpreted as confirmation that buying has resumed. The signal came as bitcoin climbed close to $79,000, gaining nearly 1% over the past day and recovering more than 2.5% from a recent low following hawkish comments from the Federal Reserve chair at an economic symposium.

Company Shifts Strategy After Months of Selling

The potential return to buying follows a period beginning in the spring when the bitcoin-focused company sold portions of its holdings to strengthen its balance sheet. More recently, it paused those bitcoin sales and instead raised funds by selling company shares, using the proceeds to boost cash reserves and repurchase its preferred stock.

Financial Position Suggests Renewed Bitcoin Focus

With the company now holding several years’ worth of preferred dividend coverage secured, analysts suggest future capital raised is more likely to go toward new bitcoin purchases and continued preferred stock buybacks rather than further building cash reserves. The company’s preferred shares climbed notably in recent trading, with expectations that buyback efforts will continue as the stock works toward its target value.