Key facts
- Strategy has resumed buying Bitcoin after a 10-week hiatus.
- Michael Saylor hinted at the company's resumption of Bitcoin purchases via an X post.
- The company previously paused purchases for two months to manage cash reserves.
- Strategy holds over 840,447 BTC, acquired for $63.36 billion.
- Polymarket data shows a 94% chance of a purchase announcement.
Bitcoin treasury firm Strategy has resumed its weekly BTC purchases after a two-month break, with co-founder Michael Saylor hinting at the move. The company holds over 840,000 BTC, acquired for $63.36 billion at an average price of $75,385 per coin. The pause in purchases, which lasted 10 weeks, was reportedly to rebalance cash reserves and allow for the creation of a $1.59 USD cash pool. During the hiatus, Strategy had offloaded some BTC to buy back its preferred security and pay dividends. Traders are anticipating a formal announcement, with prediction market platform Polymarket showing a 94% chance of a purchase announcement. Bitcoin's price has risen to nearly $79,000 following Saylor's hint, and Strategy's investment is now showing an unrealized profit of almost $2.6 billion.