Michael Saylor signals Bitcoin buy after one-week hiatus
Strategy continues to lead the pack among Bitcoin treasury companies, issuing debt and equity instruments to finance more purchases.
Strategy co-founder Michael Saylor signaled that Strategy would resume Bitcoin (BTC) buying on Monday after the company took a week-long hiatus from accumulating the digital asset.
“Some weeks, you don’t just HODL,” the executive wrote on Sunday. The company skipped buying BTC last week but announced a $4.2 billion capital raise. Before the break, Strategy racked up 12 consecutive weeks of BTC accumulation.
Strategy’s most recent BTC buy occurred on June 30, when the company bought 4,980 BTC for $532 million, bringing its total holdings to 597,325 BTC, valued at over $70.9 billion.
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