Michael Saylor Breaks 5-Week Silence: Strategy Signals Resumption of Bitcoin Buys

Michael Saylor’s “Bitcoin Drive engaged” post has sent expectations soaring that the company Strategy may resume Bitcoin (BTC) purchases after a five-week hiatus.

One of the largest institutional players in the cryptocurrency market, Strategy, is preparing to break its long-standing silence. The company’s co-founder, Michael Saylor, signaled that a new purchase announcement is on the way through his “Bitcoin drive engaged” statement on social media. This development follows an unusual five-week period during which the company reported no purchases.

Looking at the company’s current data, it holds a total of 843,775 BTC in its portfolio. This massive holding was accumulated at a total cost of $63.69 billion, with an average price of $75,476. With Bitcoin trading around the $63,200 mark, the company’s total reserve value has declined to $53.3 billion. This indicates that the company is currently holding a paper loss of approximately $10.4 billion on its position.

A Signal of Resolve in Institutional Accumulation Strategy

Strategy last announced a purchase of 520 BTC on June 22, followed by a sale of 3,588 BTC between June 29 and July 5 to manage its cash reserves. This new move by the company, which has refrained from buying for five weeks, shows that its institutional accumulation strategy is being maintained with resolve, regardless of market conditions. Such signals bolster institutional confidence by creating a positive impact on market psychology.

The company also kept the STRC dividend rate steady at 12 percent for August as part of its cash management strategy. Saylor’s latest move proves that Strategy is not backing down from its Bitcoin-centric growth model and will proceed with purchases under favorable liquidity conditions. Investors are now awaiting a potential new purchase announcement from the company this Monday.