Michael Saylor, executive chairman of Strategy, has once again fueled speculation that the company could be preparing for another massive Bitcoin purchase.
In a recent post on X, Saylor posted his signature phrase that has become synonymous with fresh Bitcoin accumulation, which he wrote, “Back to work. $BTC”.
The post, which included Strategy’s latest Bitcoin holdings tracker, immediately sparked speculation that the company is resuming its aggressive purchasing strategy after a brief pause last week.
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Recall that last week, Saylor signaled a pause on new Bitcoin purchases as the company geared up for its Q1 earnings release. In a post on X, Saylor wrote that there would be “No buys this week,” mirroring a step back from the company’s recent cadence of capital deployment.
As of May 10, 2026, Strategy holds 818,334 BTC, valued at approximately $66.15 billion. The company’s average acquisition cost stands at $75,537 per Bitcoin, reflecting a solid +7.02% unrealized gain.
The latest dashboard shows 108 purchase events spanning 229 weeks of consistent accumulation, cementing Strategy’s position as the largest corporate Bitcoin holder by a wide margin.
Notably, earlier this week, Saylor, in a post on X, urged investors to adopt a long-term accumulation mindset, saying, “Buy more Bitcoin than you sell.” Known for leading one of the most aggressive corporate Bitcoin acquisition strategies in history, Saylor said he believes the digital asset remains the ultimate hedge against inflation and economic uncertainty.
This comes as Bitcoin on Wednesday last week, surged past the $82,000 mark, hitting its highest level in over three months as improving global risk sentiment and reports of a potential U.S.–Iran peace framework boosted broader markets.
It is worth noting that Saylor’s “Back to work” messages have developed a cult following in the Bitcoin community. They typically signal the end of a quiet period and the resumption of weekly Bitcoin purchases, often announced via SEC filings shortly afterward.
Market watchers now expect the company to return to its pattern of multi-thousand Bitcoin weekly buys, potentially funded through its established capital-raising mechanisms such as convertible notes and equity offerings.
Market Reaction
While Saylor’s post itself doesn’t guarantee an immediate purchase, history shows these posts frequently move sentiment and sometimes prices in the short term. Bitcoin enthusiasts view Saylor as one of the most committed corporate advocates for BTC, treating dips as buying opportunities rather than risks.
Strategy’s approach has transformed it from a business intelligence software firm into what many analysts call a leveraged Bitcoin proxy. Shareholders increasingly evaluate the company based on its Bitcoin-per-share metrics and overall treasury performance.
The crypto community will be closely watching for Strategy’s next 8-K filing, which typically details exact purchase amounts, average prices, and total holdings. Given the company’s track record, another substantial addition to its Bitcoin treasury appears imminent.
Saylor’s unwavering belief in Bitcoin as a superior treasury asset continues to drive one of the most remarkable corporate financial experiments in modern markets. Whether you love it or question the risk, one thing remains clear: when Saylor says he’s “back to work,” the Bitcoin accumulation machine usually fires back up.