Michael Saylor of Strategy stated 'We are back' in his latest post on X (formerly Twitter), hinting at the company's likely return to buying bitcoin.
For market observers, the post could be a strong psychological signal: Saylor has previously published cryptic teasers over weekends, which were followed by official announcements of bitcoin purchases for treasury reserves on Monday mornings.
If this pattern and the community's interpretation are correct, his post indicates a resumption of corporate bitcoin accumulation after a noticeable summer hiatus.
To understand the context of the message, it's worth noting that over the past two months, Strategy has suspended its regular weekly bitcoin purchases. Instead of expanding its cryptocurrency assets, management shifted focus to strengthening the balance sheet. The company concentrated on stabilizing its convertible note offerings, building a $5.1 billion cash reserve in US dollars, and creating a separate $1.59 billion cash pool through large-scale common stock offerings.
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This strategic pause coincided with a challenging market period that left the industry's largest bitcoin reserve, held by Strategy, deeply underwater on paper. However, recent macroeconomic momentum has lifted bitcoin above the $80,000 mark.
Since Strategy owns more than 840,447 bitcoins with an average estimated cost of about $75,385, the recent price recovery has, for the first time in several months, returned the company's aggregate position to profitability.
Saylor's statement 'We are back' operates on several levels. Operationally, it likely signals the company's readiness to once again deploy a significant portion of its liquid reserves into the asset it actively champions. Psychologically, it signifies a triumphant return to profitability and the resumption of the world's largest corporate bitcoin reserve's offensive stance.
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