Strategy — the company formerly known as MicroStrategy — snapped its three-week buying hiatus this week, picking up 1,550 Bitcoin for roughly $101 million. Michael Saylor announced the purchase on X, marking the firm's first accumulation since mid-May.
The purchase
That's about $65,161 per coin on average, based on the disclosed total. The exact timing of the trades wasn't detailed, but the buy brings Strategy's overall BTC war chest further into six-figure territory. The company has been the most aggressive corporate Bitcoin buyer on the planet, and this latest move suggests management sees the current price range as an opportunity rather than a reason to wait.
Three weeks off
Strategy had gone quiet on the buying front for three weeks — its longest stretch without a public purchase since early spring. No reason was given for the pause, but it came during a period when Bitcoin traded choppily between $58,000 and $68,000. The resumption might hint that Saylor & Co. are comfortable with valuations where they sit now.
Saylor's signal
Michael Saylor posted the announcement on X with his usual stack-of-coins graphic. No commentary beyond the numbers, but the message is clear: Strategy isn't done stacking. The company has funded previous purchases through a mix of convertible note offerings, ATM equity sales, and cash flow. Whether this buy was financed by a fresh raise or existing cash reserves isn't known — Strategy hasn't filed a related 8-K as of this writing.
CoinGape reported the purchase first, picking up Saylor's post.
Investors will be watching for Strategy's next regulatory filing for clues on how the purchase was funded. The company's next quarterly earnings call, expected in early August, should offer a fuller picture of its crypto strategy — and whether this is the start of another sustained buying run or just a one-off dip grab.
