Michael Saylor, co-founder and former CEO of Strategy, cryptically announced on X that the company is back in Bitcoin, sparking community speculation about resuming accumulation after a two-month hiatus. Bitcoin’s price has surged from under $65,000 to over $78,500, allowing Strategy to become profitable for the first time since May, with an average cost of $75,653 per BTC. The company’s position was deep underwater by over $10 billion until several weeks ago. Strategy’s USD reserve climbed above $6.5 billion last week, while current CEO Phong Le indicated that bitcoin purchases could resume by the end of the year.
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