Bitcoin rises as Michael Saylor hints at Strategy’s return to purchases

Strategy signals possible return to bitcoin buying

Bitcoin’s price rose to nearly $79,000 on Saturday, up around 1% over the past day and over 2.5% from Friday’s low. The increase followed a brief market dip caused by Federal Reserve Chair Kevin Warsh’s comments on inflation at the Jackson Hole economic conference.

Michael Saylor, Executive Chairman of Strategy—a company known for holding large amounts of bitcoin—posted “We’re Back” on X (formerly Twitter). The message suggests Strategy may have bought bitcoin again for the first time since June 22, ending a two-month pause.

Strategy had recently stopped selling bitcoin and instead sold company shares (MSTR) to build cash reserves. With its financial position now stronger, the company appears ready to resume its bitcoin-buying strategy.

Key numbers

• Bitcoin price: near $79,000, up ~1% in 24 hours and ~2.5% from Friday’s low.
• Strategy’s last bitcoin purchase: June 22, 2026.
• Bitcoin’s market dominance (share of total crypto market value): above 60%, up nearly 4% since June.
• Strategy’s preferred stock (STRC) price: peaked at $98 on Friday, still below the $100 target.

Why Strategy stopped and may have restarted buying

Earlier this year, Strategy sold some of its bitcoin holdings to improve its financial stability. In August, it shifted to selling company shares (MSTR) instead, raising $2 billion in cash. The company also began buying back its preferred stock (STRC), a type of share that pays fixed dividends.

With its cash reserves now nearly matching its debt, Strategy has reduced its financial risk. This stronger position allows it to focus again on buying bitcoin and repurchasing preferred stock, rather than just holding cash.

Saylor’s “We’re Back” post aligns with this shift, though Strategy has not yet officially confirmed new bitcoin purchases.

Bitcoin’s broader market position

Bitcoin’s recent rise also reflects its growing dominance in the crypto market. Its share of the total crypto market value has climbed nearly 4% since June, reaching over 60%. This suggests investors may be moving funds from other cryptocurrencies into bitcoin, seeing it as a safer asset during economic uncertainty.

The price recovery follows a drop caused by Federal Reserve Chair Kevin Warsh’s remarks on Friday, where he indicated that more work is needed to control inflation. Such comments often lead to short-term market volatility, but bitcoin’s quick rebound signals strong buyer interest.

What happens next

If Strategy has indeed resumed buying bitcoin, it could add upward pressure to bitcoin’s price. The company’s large purchases have historically influenced market trends.

Strategy is also likely to continue buying back its preferred stock (STRC) to push its price back to $100, a key level for the company’s financial planning. Any official announcement of new bitcoin purchases would confirm whether Saylor’s hint marks a full return to the company’s accumulation strategy.

Sources

• CoinDesk