Strategy’s Michael Saylor said “we’re back” in his latest signal on X (formerly Twitter) that the company is likely to return to buying bitcoin.
For market watchers, post Could be a strong psychological signal because Saylor has a track record of dropping cryptic weekend teasers that precede the official Monday morning Treasury purchase announcement.
If that record and the community’s interpretation are true, his post points to a corporate bitcoin recovery after a significant summer hiatus.
To put the message in context, over the past two months, Kaushal has stopped his regular weekly bitcoin purchases. Instead of expanding its crypto holdings, management moved to strengthen its balance sheet. The firm focused on stabilizing its preferred stock offerings, building a $5.1 billion reserve and introducing a dedicated $1.59 billion cash pool built through the massive common stock offering.
Related: Strategy’s $66B Bitcoin Machine Depends on Capital Markets, Not BTC Price: Report
This strategic breather coincides with a challenging market expansion that leaves the strategy’s industry-largest BTC treasury sitting in the red on paper. However, recent macro momentum has pushed Bitcoin past the $80,000 threshold.
As the strategy holds more than 840,447 bitcoins at an average cost basis close to $75,385, the recent price recovery has returned the firm’s overall position to positive territory for the first time in months.
Saylor’s “We’re Back” declaration functions on multiple levels. Operationally, this likely signals that the company is ready to reposition its significant dry powders to the asset class it champions. Psychologically, it marks a triumphant return to profitability and a new foray into the world’s largest corporate bitcoin treasury.
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