Michael Saylor Teases Next Bitcoin Buy With ‘Back To Work’ Post
Highlights
- Strategy's Executive Chairman Michael Saylor shared a cryptic post on X today.
- He pointed towards a potential resumption of Bitcoin buying by the company.
- The firm recently revealed selling some of its BTC in a Monday filing.
Michael Saylor has again fueled speculations of Strategy’s acquisition of more Bitcoin after the recent sale. He made a cryptic post on social media to hint at such a move.
Michael Saylor Hints At Strategy Resuming Bitcoin Buying
On Wednesday, June 3, Michael Saylor posted, “₿ack to Work.” However, it was different from many of his previous Bitcoin-related posts. For context, the latest message did not include the company’s well-known Bitcoin tracker, the “Orange Dots” chart.
It also deviated from the usual Sunday post trend. Instead of the chart, this post featured a gif showing Michael Saylor energizing his energy in a Bitcoin-focused backdrop.
It’s an interesting time for Strategy given the teaser. Earlier this week, the company made the announcement about the sale of a part of its Bitcoin holdings in a filing made with the U.S. Securities and Exchange Commission.
₿ack to Work pic.twitter.com/MmDLwySJpn
— Michael Saylor (@saylor) June 3, 2026
Michael Saylor’s Strategy sold 32 BTC valued at approximately $2.5 million between May 26 and May 31. The average price of the sale was $77,135 per BTC. It sparked massive online discussions as the firm shifted from its “never sell” how to “probably sell some of its Bitcoin.”
It is expected that the proceeds of the offering will be used to pay for preferred stock obligations. Nevertheless, Strategy is still the biggest corporate Bitcoin owner with a total of 843,706 BTC worth over $56 billion as of now.
MSTR Stock Update
The filing also revealed that the company raised an additional $128.3 million through sales of MSTR shares. Meanwhile, Strategy had some $900 million in its USD reserve account.
Reaction from the market has been negative. MSTR stock declined by over around 9% on Tuesday, June 2. Further, the MSTR share price is down by nearly 26% in the last month.
The drop comes amid investor uncertainty on whether or not Michael Saylor’s company will actually sell more of its Bitcoin. To add to that, blockchain watchers recently spotted Strategy’s Bitcoin transfers to Coinbase Prime.
Meanwhile, the company has also repurchased $1.5 billion convertible notes at a discount using its cash resources in the past. At the time, it halted its BTC purchase spree, which hasn’t restarted as of yet.
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