Michael Saylor’s Strategy Resumes Buying Bitcoin: Spends $370 Million on BTC

Michael Saylor’s Strategy has resumed its Bitcoin buying spree after nearly a 10-week pause. The firm returned in its signature style by accumulating $370 million in BTC on Sunday, August 30, 2026. The restart in buying came after the broader digital-asset market saw growing confidence in the sector as President Donald Trump announced last week that the US is considering buying a “sizeable” amount of the world’s largest cryptocurrency.

Also Read: Strong Dollar And High Rate Hike Odds: Bitcoin Crash Incoming?

Bitcoin: Michael Saylor’s Strategy Goes on a Buying Spree

Bitcoin went from a low of $62,000 to a high of $78,000 in just two days after the announcement. It also pulled several other cryptocurrencies up along with it, including XRP, which went from $1.10 to $1.57. Strategt had raised $602.8 million through the sale of common stock to help fund the purchases and bought back $151.8 million of preferred shares. The rebound in BTC has helped Michael Saylor’s Strategy stock (NASDAQ: MSFT) surge by nearly 12% in a week.

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