Michael Saylor posted a tweet suggesting that Strategy will resume buying Bitcoin, after the company had paused Bitcoin purchases for 10 weeks.

Article author and source: Foresight News

The strategy's debt no longer hinders Bitcoin purchases.

Strategy holds approximately $6.69 billion in cash while carrying approximately $6.71 billion in convertible note debt. The company states that its current net leverage ratio is only 0.1%.

Throughout the summer, there was a persistent inverse spread between cash and debt, with traders already pricing in the risk that companies might be forced to sell assets. Last week, this spread vanished entirely, with the two values nearly equalizing, prompting a 12% rise in MSTR’s stock price.

The pause in buying is real: The last time Strategy purchased Bitcoin was on June 22, acquiring 520 BTC at a unit price of $67,068. Since then, the company has sold Bitcoin four times. In August, the company received $3.28 billion in new funding, but all of this capital was converted into U.S. dollar cash and not used to purchase Bitcoin.

The accumulation of cash reserves is intentional, with the majority of funds allocated to the dividend payment reserve. The reserve stood at $3.75 billion in July and has now reached $5.1 billion.