MicroStrategy Signals Return to Bitcoin Buying

MicroStrategy’s chief executive Michael Saylor posted “We’re Back” on X, hinting that the company could restart its regular Bitcoin buying program.

Background

For the past two months the firm paused its weekly Bitcoin purchases. During that period management focused on balance‑sheet improvements, including stabilising preferred‑stock offerings, building a $5.1 billion US‑dollar reserve and creating a $1.59 billion cash pool from common‑stock issuances.

Current Bitcoin Position

MicroStrategy holds more than 840,447 Bitcoin at an average cost basis of roughly $75,385 per coin. Recent price action has pushed Bitcoin above $80,000, moving the company’s treasury back into positive territory for the first time in months.

Implications

• The “We’re Back” signal may indicate that the firm is ready to deploy its cash reserves into additional Bitcoin purchases.
• It also serves as a psychological cue to the market, marking a return to profitability for the world’s largest corporate Bitcoin treasury.