Saylor sparks speculation Strategy may resume Bitcoin buying after two-month pause

Strategy executive chairman Michael Saylor posted “We’re Back” on X on Sunday, August 30, 2026, reviving speculation that the company may end its multi-month pause in Bitcoin treasury purchases. Weekend posts of this kind have repeatedly preceded formal Monday disclosures of new Bitcoin (BTC) buying, though no purchase size, target or timeline has been confirmed and Strategy has not elaborated beyond the post. The firm last reported a BTC acquisition on June 22, then shifted to balance-sheet stabilization: it sold a portion of its Bitcoin to raise liquidity, later halted those sales, executed large common-stock offerings that built a $5.1 billion U.S. dollar reserve plus a separate $1.59 billion cash pool, and used capital to repurchase preferred stock STRC while it traded below its $100 par value. STRC reached as high as $98 on August 29, and Strategy is expected to keep buying it back toward par; with nearly four years of preferred dividend coverage secured, new capital is viewed as more likely to fund BTC purchases than further dollar reserves. Strategy remains the largest publicly listed corporate Bitcoin treasury holder with 840,447 BTC at an average cost basis of about $75,385 per coin. Bitcoin traded near $78,148, more than 2.5% above its Friday low after a hawkish Jackson Hole speech by Federal Reserve Chair Kevin Warsh, moving the treasury position back into positive territory on paper for the first time in several months. Bitcoin dominance stood at 59.56%, and MSTR last closed at $127.31. A resumption would close the longest gap in Strategy’s accumulation program since it began building the treasury.