Saylor’s Strategy Restarts Bitcoin Buying, Spending $370 Million

Strategy Inc. resumed Bitcoin purchases after a 10-week hiatus, deploying $370 million in the latest acquisition round. The move marks a return to the accumulation playbook championed by executive chairman Michael Saylor, who has made Bitcoin buying the company's defining strategy since 2020.

The restart follows a period when Strategy's shares came under pressure during the crypto bear market, testing investor confidence in the company's Bitcoin-heavy treasury model. The pause represented the longest stretch without new purchases since Strategy began its aggressive accumulation campaign.

Strategy has positioned itself as the most Bitcoin-exposed publicly traded company, using a combination of cash flow, equity raises, and convertible debt to fund purchases. The $370 million outlay signals renewed conviction despite Bitcoin's volatility and broader market uncertainty around crypto regulation and adoption.

The company's treasury strategy has drawn both fervent support from Bitcoin maximalists and skepticism from traditional investors who question the concentration risk and the sustainability of funding ever-larger purchases.