Michael Saylor Says ‘We're Back': 3 Reasons MicroStrategy May Resume Buying Bitcoin

Michael Saylor says MicroStrategy is back. The two-word post landed after 10 weeks in which the company, now named Strategy, bought no Bitcoin (BTC) at all.

Three things in its finances have quietly shifted. Together they explain why traders read the post as a signal, not a slogan.

Strategy's Debt No Longer Blocks Bitcoin Buys

Strategy holds roughly $6.69 billion in dollars. It owes about $6.71 billion on convertible notes. The company says that leaves net leverage at 0.1%.

The gap ran the other way all summer, making traders price it in forced selling. It vanished last week, and MSTR stock rallied 12% as the two numbers met.

The freeze was real, considering MicroStrategy last bought BTC on June 22, adding 520 BTC at $67,068. It has sold four times since. August brought $3.28 billion in fresh capital, and all of it went into dollars, not Bitcoin.

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