Michael Saylor Rekindles Bitcoin Buy Speculation After Earlier Q1 Earnings Remarks

Michael Saylor has signaled that Strategy is preparing to resume Bitcoin purchases this week.

Specifically, Saylor posted “Back to work, BTC” on X on Sunday. He has used similar phrasing in the past ahead of new Bitcoin acquisitions, often just a day before actual purchases.

The development followed Strategy’s most recent earnings call, during which Saylor noted that the company may, at times, sell small portions of its Bitcoin holdings as part of its broader treasury management approach.

On April 27, Strategy increased its Bitcoin holdings by purchasing 3,273 BTC for roughly $255 million. After that acquisition, the company’s total reserves rose to 818,334 BTC, estimated at $61.8 billion at the time of reporting.

Source: X (formerly Twitter)