Bitcoin : Strategy Reconnects with Purchases!

The message was short. The impact, however, is immediate. Michael Saylor just posted “Back to work” on X and the crypto market knows exactly what it means. Strategy is thus preparing to buy back Bitcoin, just days after mentioning possible sales.

Saylor strikes again

On May 10, 2026, Strategy co-founder Michael Saylor published two words on the social network X: “Back to work.” A phrase that has become a real signature. Every time he posts it, a bitcoin purchase generally follows the next day.

The crypto community immediately understood the message. And for good reason: Strategy is today the largest institutional holder of bitcoin in the world. It holds 818,334 BTC in its portfolio. This represents about 61.8 billion dollars at the time of publication.

What makes this signal particularly striking: the context in which it occurs

Just a few days ago, Strategy had paused its bitcoin purchases (just before publishing the Q1 2026 results). During that call, Saylor dropped a bombshell: the company could periodically sell part of its BTC. The objective is to finance dividends paid to holders of its credit instruments.

This statement worries the crypto community as it breaks with the historical doctrine of Strategy: that of “never sell.”

The reaction was indeed quick. Part of the Bitcoin community cried betrayal. Others, like investor Adam Livingston, on the contrary, considered that these occasional sales could be accretive for Strategy’s treasury. The fact is that they could finance future buybacks.

The CEO of Strategy, Phong Le, tried to calm the nerves by specifying that these bitcoin sales would remain limited and targeted. The goal: to pay dividends or defer taxes. With an average daily bitcoin volume above 60 billion dollars, these sales would therefore have no significant impact on the crypto market according to him.

The return to buying bitcoin: what does it imply?

The last purchase by Strategy dates back to April 27, 2026: 3,273 BTC acquired for approximately 255 million dollars, at an average price of 77,894 dollars per unit. The company’s average acquisition cost is now 75,537 dollars per bitcoin, with a +7.6% performance on the total investment.

With this new signal from Saylor, markets therefore anticipate a further injection of liquidity into BTC. A dynamic that Bitwise has recently highlighted! According to its analysts, Strategy’s purchases play a driving role in bitcoin’s recent rally.

The prediction is simple: if Strategy buys as expected within the next 24 hours, it could strengthen bitcoin’s upward momentum. The cryptocurrency is still trading around $80,000.

In any case, one question remains pending: how often will Strategy alternate between purchases and sales? And above all, will this hybrid model become the new norm for institutional crypto treasuries? To be continued…