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Michael Saylor To Resume Bitcoin Acquisitions For Strategy After Brief Pause

One week after pausing Bitcoin purchases, Michael Saylor has signaled a resumption of the acquisition spree for Strategy.
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Michael Saylor To Resume Bitcoin Acquisitions For Strategy After Brief Pause

Highlights

  • Michael Saylor has signaled a return to Bitcoin-buying ways for Strategy.
  • The company ended a 12-week buying streak as the top cryptocurrency soared to a new all-time high.
  • Bitcoin treasury companies are following Strategy's lead to add the asset to their balance sheets.

Michael Saylor has hinted at an incoming Strategy (formerly MicroStrategy) Bitcoin acquisition after pausing its 12-week purchase streak. The hint has sent the MSTR price surging in premarket trading while BTC consolidates the $118K mark.

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Michael Saylor Hints At Fresh Strategy Bitcoin Buy

Strategy founder Michael Saylor has flashed a signal for the company to Bitcoin treasury company to resume its BTC buying spree. In an X post, Saylor shared a chart showing Strategy’s Bitcoin acquisitions since August 2020, accompanied by a caption signaling an incoming purchase announcement.

“Some weeks you don’t just HODL,” wrote Saylor on X.

Typically, the tell-tale signal for Strategy’s purchases is Saylor posting the company’s portfolio tracker. However, Saylor’s latest post departs from the norm with the Strategy founder opting for a Bitcoin acquisition chart.

Last week, Saylor’s caption accompanying MicroStrategy’s portfolio suggested a plan to HODL its holdings. Consequently, Strategy halted its Bitcoin purchases last week, bringing a 12-week buying run to an abrupt end.

During the pause to its purchases, Strategy announced a plan for a $4.2B STRD offering to bolster its cash reserves to accumulate more assets. At the moment, Strategy holds 597,325 BTC, and a resumption of the buying spree may send the company’s holdings over the 600K mark.

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MSTR Records A Stellar Week While Bitcoin Consolidates

Michael Saylor’s hint to resume purchases comes amid a glowing week for Strategy stock (MSTR) and Bitcoin. Despite pausing its BTC acquisition, MSTR closed the week with a near 8% gain to trade at $434.58.

On the other hand, Bitcoin printed a new ATH during the week, unfazed by the company’s decision to pause purchases. The top cryptocurrency braved the macroeconomic headwinds from new Trump tariffs and falling odds of a Fed rate cut to reach a peak of $118,856.

While Michael Saylor’s company pulled in the reins of its purchases, Bitcoin treasuries showed a large appetite. In the last week, new players entered the space to accumulate a significant number of assets, filling in for Strategy’s absence in the markets during the week.

 

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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