🚨 MicroStrategy signals return to Bitcoin buying
Michael Saylor has signaled that MicroStrategy is ready to resume its Bitcoin accumulation strategy after a two-month pause. In a post on X, Saylor stated "We're Back," which historically precedes official announcements of massive treasury purchases.
The company recently focused on strengthening its balance sheet, building a $5.1 billion USD reserve and a $1.59 billion cash pool. This "strategic breather" occurred while their industry-leading holdings were briefly sitting in a paper loss.
With BTC recently crossing the $80,000 threshold, the firm's massive treasury of 840,447 Bitcoin is back in profit. Their average entry price sits at approximately $75,385 per coin.
This move marks a return to the offensive for the world's largest corporate crypto holder, potentially deploying billions in "dry powder" back into the market.
#Bitcoin #MicroStrategy #MichaelSaylor #BTC
Michael Saylor has signaled that MicroStrategy is ready to resume its Bitcoin accumulation strategy after a two-month pause. In a post on X, Saylor stated "We're Back," which historically precedes official announcements of massive treasury purchases.
The company recently focused on strengthening its balance sheet, building a $5.1 billion USD reserve and a $1.59 billion cash pool. This "strategic breather" occurred while their industry-leading holdings were briefly sitting in a paper loss.
With BTC recently crossing the $80,000 threshold, the firm's massive treasury of 840,447 Bitcoin is back in profit. Their average entry price sits at approximately $75,385 per coin.
This move marks a return to the offensive for the world's largest corporate crypto holder, potentially deploying billions in "dry powder" back into the market.
#Bitcoin #MicroStrategy #MichaelSaylor #BTC