Strategy (formerly MicroStrategy) didn't buy any Bitcoin this week. Instead, it bought bonds. Michael Saylor confirmed the pause on X, writing: 'This week we bought bonds, not bitcoin.' The move breaks a long streak of weekly accumulation — just a week earlier, the company snapped up 24,869 BTC for $2.01 billion.
A week of bonds, not bitcoin
Saylor's post was short and direct. No explanation of why, but the timing is notable. Strategy also filed to repurchase $1.5 billion of its convertible senior notes due in 2029 — a debt-management play that frees up balance-sheet space. The company now holds 843,738 BTC, acquired at an average cost of $75,701 per coin.
Back in the green
After spending February through April underwater on its Bitcoin stash, Strategy is now sitting on a roughly 2.6% profit. That's not much, but it's a reversal from months of paper losses. Saylor didn't say when the next BTC purchase might come, but he did toss out a hint: 'The ₿itVac is charging.'
ETF outflows and a weekend dip
The broader market isn't exactly roaring. U.S. Bitcoin spot ETFs logged their second consecutive week of net outflows, snapping a six-week inflow run. Meanwhile, Bitcoin's price briefly dipped below $75,000 over the weekend before recovering to $77,400. That intraday wobble may have given Strategy a reason to sit out — or it may be coincidental.
The ₿itVac is charging
Saylor's cryptic phrase suggests the pause is temporary. The company still has the convertible repurchase to execute, and its cash position — along with any future debt or equity raises — will determine when the next round of buying begins. For now, Strategy is cleaning up its balance sheet. The market is watching for the next 'charged' signal.
