Saylor’s Strategy Resumes Bitcoin Buying, MSTR Jumps 6%
Strategy purchased 1,550 BTC for $101M, reigniting Bitcoin buying after a brief sale. MSTR jumped 6% as the market cheered. Also, Citrini called Hyperliquid a buy on fee-backed buybacks, while Tom Lee bought $214M in ETH and H token crashed 76% after a hack.
Quick Take
Strategy bought 1,550 BTC for $101M, resuming purchases after a sale-induced slump.
MSTR shares surged 6%, STRC gained 3.69% on the news.
Citrini Research named Hyperliquid a buy on its $2B buyback program.
Tom Lee made the largest ETH purchase of 2026 at $214M.
Market Impact Analysis
BullishMajor institutional purchases of BTC and ETH signal confidence, and resumption of Strategy's buying removes a bearish overhang; market reaction was positive.
Speculation Analysis
Key Takeaways
- Strategy resumed Bitcoin purchases with a $101 million acquisition, restoring confidence after a brief sale that triggered its worst weekly performance since November 2022.
- MSTR shares surged 6%, while STRC gained 3.69% following the buy and a dividend structure update.
- Cash reserves were rebuilt to $1 billion, easing JPMorgan's prior liquidity concerns.
- Citrini Research named Hyperliquid a buy on fee-backed buybacks; Tom Lee made the largest ETH purchase of 2026 at $214 million.
What Happened
Strategy acquired 1,550 Bitcoin for $101 million last week, paying an average of $65,300 per coin. The purchase marked a return to its accumulation strategy after a 32 BTC sale earlier this month contributed to the stock's sharpest weekly drop since November 2022. The firm funded the buy through at-the-money equity sales, raising $181 million in total. Markets cheered the move: MSTR rebounded 6% to $127.20, while STRC added 3.69% to $96.80. Bitcoin held steady near $63,500.
The Numbers
Strategy deployed $101 million of the $181 million raised, using the remaining $80 million to bolster cash reserves to $1 billion. That rebuild came after reserves were slashed by 61% last month for debt repurchases. The purchase price of $65,300 per BTC sits above the market rate of $63,500, showing a premium for size. MSTR’s 6% jump erased part of the prior week’s losses, while STRC’s gain was amplified by a shareholder vote to shift dividends to semi-monthly payouts.
Why It Happened
The resumption of buying addresses the bearish overhang from the earlier sale. JPMorgan had warned that selling more Bitcoin to cover dividends could erode confidence, recommending a reserve rebuild. By tapping stock sales rather than liquidating BTC, Strategy signaled financial discipline. The dividend schedule change for STRC also helped, smoothing out price distortions and attracting buyers. Together, these actions restored investor faith in the firm’s Bitcoin-centric model.
Broader Impact
Strategy’s pivot comes amid signs of institutional conviction. Tom Lee disclosed a $214 million ETH purchase—the largest of 2026—while Citrini Research called Hyperliquid a buy, citing its $2 billion buyback program backed by real fees. Conversely, sentiment was dented by a 76% crash in H token after a laptop compromise at Humanity Protocol. These moves highlight a market increasingly driven by fund flows and platform fundamentals.
What to Watch Next
- Strategy’s next filing: Whether it continues BTC accumulation or pauses again will set the tone for MSTR and STRC.
- Hyperliquid traction: If the buyback program sustains HYPE’s value, it could validate a new tokenomic model for exchanges.
- ETH price action: Lee’s massive buy may spark a larger trend—watch for follow-on institutional flows into ether.
This article is for informational purposes only and does not constitute financial advice.
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