Michael Saylor’s Strategy Back To Buying Bitcoin After 1-Week Pause? BTC Bull Says ‘No More Bears’

Michael Saylor, Executive Chairman of Strategy Inc. (NASDAQ:MSTR), reaffirmed on Sunday his long-standing support of Bitcoin (CRYPTO: BTC) and announced the company will resume adding BTC to its treasury.

Saylor’s Message To ‘₿ears’

Saylor posted on X an AI-generated video of himself carrying a bear through a forest while smoking a cigar, captioned “No More ₿ears.”

Note that the post was metaphorical, referencing bearish traders betting on Bitcoin’s downturn.

Strategy Back To Buying Bitcoin?

Saylor signaled that Strategy’s BTC purchases would resume this week, adding a post captioned “Back to work.”

Notably, Strategy paused its weekly acquisition before releasing its first-quarter financials last week. He had said, “No buys this week. Back to work next week.”

As of today, Strategy holds 818,334 BTC, worth $66.43 billion and representing roughly 3.9% of Bitcoin’s total supply.

Strategy reported losses of $38.25 per share in the first quarter, while revenue beat the analyst consensus estimate at $124.3 million.