Strategy After pausing for 10 weeks, he resumed buying BTC.
The 10 weeks are counted from early June. During that period, BTC fell from 66,000 to 64,000, market sentiment shifted from greed to extreme panic, ETFs saw consecutive outflows, the CLARITY Act passed with a probability of falling below 30%, and everyone was saying, “There will be one last drop.”
In those 10 weeks, Saylor didn’t buy a single time.
Then the August rally came: BTC rose from 64,000 to a peak of 81,455, a 25% monthly gain—this is when he restarted his buying.
Many people’s first reaction to this news is, “Chasing the price.” But I think that interpretation is backwards.
Saylor isn’t a retail trader. His $53 billion BTC position doesn’t allow him to just jump in at emotional highs. Not buying for 10 weeks was him waiting for what he considers a structural confirmation—not buying because the price is up, but because he believes the underlying logic driving this rally is real (the Treasury share buyback doubled, Trump pushed the CLARITY Act, and institutions continue rotating capital).
With that context in mind, consider another figure: the total assets under management of U.S. spot BTC ETFs have already surpassed $101.4 billion. A month ago, it was $79.2 billion. In one month, institutional capital increased by $22.2 billion in BTC allocation.
Saylor restarted buying; ETF AUM hit a new all-time high—these two things aren’t the outcome; they’re signals.
Has anyone in the comments adjusted their thinking because Saylor resumed buying? Share your thoughts.
$BTC
The 10 weeks are counted from early June. During that period, BTC fell from 66,000 to 64,000, market sentiment shifted from greed to extreme panic, ETFs saw consecutive outflows, the CLARITY Act passed with a probability of falling below 30%, and everyone was saying, “There will be one last drop.”
In those 10 weeks, Saylor didn’t buy a single time.
Then the August rally came: BTC rose from 64,000 to a peak of 81,455, a 25% monthly gain—this is when he restarted his buying.
Many people’s first reaction to this news is, “Chasing the price.” But I think that interpretation is backwards.
Saylor isn’t a retail trader. His $53 billion BTC position doesn’t allow him to just jump in at emotional highs. Not buying for 10 weeks was him waiting for what he considers a structural confirmation—not buying because the price is up, but because he believes the underlying logic driving this rally is real (the Treasury share buyback doubled, Trump pushed the CLARITY Act, and institutions continue rotating capital).
With that context in mind, consider another figure: the total assets under management of U.S. spot BTC ETFs have already surpassed $101.4 billion. A month ago, it was $79.2 billion. In one month, institutional capital increased by $22.2 billion in BTC allocation.
Saylor restarted buying; ETF AUM hit a new all-time high—these two things aren’t the outcome; they’re signals.
Has anyone in the comments adjusted their thinking because Saylor resumed buying? Share your thoughts.
$BTC
