Bitcoin was nearing $79,000 when Strategy executive chairman Michael Saylor posted 「We’re ₿ack」 on X, a message that market participants widely read as a signal that the company may resume buying Bitcoin after roughly two months of inactivity. If that interpretation proves correct, it would mark Strategy’s first increase in its Bitcoin holdings since June 22. The report also points to a noticeable shift in the company’s financing moves in recent months. Since May, Strategy had sold portions of its Bitcoin holdings to strengthen its balance sheet and U.S. dollar liquidity. More recently, it has raised funds by selling common stock under the MSTR ticker, while also using capital to repurchase its STRC preferred shares. According to the report, Strategy’s dollar reserves are now sufficient to cover about four years of preferred-share dividends, which could leave future funding available for renewed Bitcoin purchases and continued STRC buybacks. STRC rose to about $98 at Friday’s high, with the market expecting the company to keep buying back shares in an effort to bring the price back to its $100 par value.
With Bitcoin trading near $79,000, Strategy executive chairman Michael Saylor posted 「We’re ₿ack」 on X, a message the market has taken as a sign that the company may be ready to buy Bitcoin again after a two-month pause.
If the post does point to a restart in Strategy’s Bitcoin acquisition plan, it would be the company’s first increase in Bitcoin holdings since June 22.
Strategy’s financing approach has shifted in recent months
Over the past few months, Strategy has made clear changes to its financial operations. Since May, the company, long known for aggressively accumulating Bitcoin, has sold part of its Bitcoin holdings to strengthen its balance sheet and improve U.S. dollar liquidity.
More recently, it has turned to selling common stock under the MSTR ticker to raise funds and build up dollar reserves. At the same time, the company has also started using capital to repurchase its STRC preferred shares.
Cash reserves and STRC buybacks are in focus
According to the report, Strategy’s dollar reserves are now enough to cover about four years of dividends on its preferred shares. That means if the company secures additional funding later on, the money may no longer be directed mainly toward increasing cash reserves. Instead, it could be used for renewed Bitcoin purchases and continued repurchases of STRC preferred shares.
STRC climbed as high as about $98 on Friday. The market expects Strategy to continue its buyback program in an effort to move STRC back to its $100 par value.
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