Michael Saylor Signals Strategy’s Return to Bitcoin Buying Spree

Michael Saylor has hinted that Strategy, formerly known as MicroStrategy, may soon resume its aggressive Bitcoin acquisition strategy after briefly pausing purchases. The Bitcoin treasury company could announce a fresh BTC buy as early as Monday, May 11, continuing a trend that crypto investors closely monitor.

On May 10, Saylor posted “Back to work” on X alongside the company’s well-known “Orange Dots” chart, which has historically been associated with Strategy’s Bitcoin purchases. The post immediately sparked speculation within the crypto community that another major Bitcoin acquisition announcement is approaching.

Strategy temporarily halted Bitcoin purchases ahead of its May 5 earnings report, ending a streak of four consecutive weeks of BTC accumulation. Before the pause, the company had raised around $82 million through its MSTR stock at-the-market offering. Market watchers expected the proceeds could fund the purchase of more than 1,000 BTC, but the firm chose not to buy during that period, likely due to earnings-related considerations and operational timing.

Despite the slowdown, Saylor reassured investors that the pause would likely be short-lived. After previously stating “No buys this week,” he later added, “Back to work next week,” fueling expectations of a renewed Bitcoin buying spree.

Strategy currently holds 818,334 BTC with an average acquisition cost of $75,537 per Bitcoin. At current market prices, the company’s Bitcoin treasury is valued at approximately $66.15 billion, making it one of the largest corporate Bitcoin holders globally.

The company’s latest Bitcoin purchase occurred last Monday when it acquired 3,273 BTC worth roughly $255 million at an average price of $77,906 per BTC. While smaller than its massive $2.54 billion Bitcoin purchase on April 20, the move reinforced Strategy’s long-term bullish stance on Bitcoin and its ongoing commitment to expanding its BTC reserves.