Michael Saylor, executive chairman of Strategy, hinted on Sunday at resuming Bitcoin purchases, posting “Working Better” on X — a signal often used before past acquisitions. The hint comes as sell-off fears that pressured BTC in prior weeks appear to be fading, according to market observers.
The move would mark a resumption of Strategy’s aggressive Bitcoin accumulation strategy, which had paused amid recent volatility. Separately, an unnamed firm burned $500 million on Claude AI, highlighting the growing costs of artificial intelligence deployment. A Thiel-backed stock also halved in value, though details remain sparse.
Bitcoin prices stabilized near $62,000 over the weekend, with traders eyeing Saylor’s next move as a potential catalyst. Strategy’s holdings exceed 200,000 BTC, and any new purchases could reinforce bullish sentiment across the crypto market. Related stocks like Coinbase and MicroStrategy (now Strategy) may see renewed interest.
Analysts caution that a single buy signal does not guarantee execution, and the broader macroeconomic backdrop — including interest rate uncertainty — could still weigh on risk assets. The $500M AI bill and Thiel stock decline underscore the sector’s uneven performance beyond Bitcoin itself.