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.

Overall, MSTR has also seen a dynamic price rise of 40% in a month. It went from a low of $94 to a high of $137, before closing Monday’s trading session at $132. While Bitcoin remains the company’s largest holding, it is also reshaping its treasury. Last week, the firm created a separate cash pool, giving management more flexibility to meet preferred-stock dividends. This extends to debt payments and other corporate needs, which management aims to meet.

These two reserves already total a staggering $5.1 billion and $1.61 billion in the cash pool, respectively. Strategy has been the largest buyer of Bitcoin and holds approximately 818,869 BTC as a primary treasury reserve asset. The holdings are worth a staggering $64.2 billion at today’s price. Another rebound in Bitcoin’s value could put its value on a much higher pedestal. Michael Saylor has been bullish on BTC since he first purchased it on August 11, 2020. He bought 21,454 BTC worth $250 million back then.