Strategy may be preparing to resume Bitcoin purchases after a two-month pause. Michael Saylor shared the company’s holdings tracker on X with the words “We’re ₿ack.” However, no filing or company statement has yet confirmed a new acquisition.

We’re ₿ack. pic.twitter.com/ciqOaCa908 — Michael Saylor (@saylor) August 30, 2026

We’re ₿ack. pic.twitter.com/ciqOaCa908

Strategy, formerly known as MicroStrategy, is the largest corporate holder of Bitcoin, and its accumulation pattern has historically been watched as a gauge of institutional demand for the asset.

The company last reported a Bitcoin purchase on June 22, 2026. That transaction brought an end to a period of regular weekly acquisitions, after which the firm stayed out of the market for roughly two months. Such pauses have occurred before during periods when the company’s preferred stock issuance programs were inactive, since those programs have been a common funding source for its Bitcoin buys.

Why Markets Expect Another Strategy Purchase

Saylor released the tracker on a Sunday. In the past, his Sunday updates have often preceded a new Bitcoin buy by the company.

On this occasion, no details have been disclosed about the amount, price, or date of any transaction. Market participants are now awaiting Strategy’s next SEC filing, which typically takes the form of a Form 8-K disclosed within days of a completed purchase.

Prediction market participants on Polymarket have raised their expectations of an announcement. The market implied a 93% probability that Strategy would purchase Bitcoin between August 25 and August 31, up from roughly 18% before Saylor’s post was released.

Strategy holds $6.69 billion in cash reserves, divided into two pools. The first pool contains $5.10 billion, established mainly to cover debts, interest payments, and dividends on preferred stock. This reserve also backs the $100 face value of STRC preferred shares and is therefore largely tied to current liabilities. The second pool holds $1.59 billion, which represents the portion more readily available for discretionary deployment such as Bitcoin purchases.

Bitcoin Trades Above Strategy’s Average Cost

Bitcoin traded around $79,000 when Saylor published the tracker. At that price, Strategy’s holdings are worth approximately $66.2 billion. The company spent about $63.36 billion to acquire those coins, leaving an unrealized gain of roughly $2.8 billion.

Bitcoin’s price currently sits above Strategy’s average purchase cost. The profit remains unrealized, however, and depends on Bitcoin’s value.

Separately, Bitcoin’s short-term price structure is distinct from the pending announcement. As analyst Ted explained, the relative strength index on the four-hour chart showed weakening momentum, though buyers remained in control. He identified $83,000 as a price target, and a sustained move above that level would support his view that Bitcoin has formed a bottom.

Ultimately, only an official filing by Strategy will confirm whether the company has resumed buying. If confirmed, it would mark the end of the longest gap in the company’s purchases in recent memory and a return to the accumulation strategy that has defined its treasury policy since 2020.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.