CoinTelegraph
Michael Saylor, executive chairman of Strategy and the most prominent corporate Bitcoin accumulator in the market, signalled this week that his firm stepped back from BTC purchases in favour of bonds. "This week we bought bonds, not Bitcoin. The BitVac is charging," Saylor posted, using his recurring 'BitVac' metaphor — a reference to building dry powder before a large Bitcoin acquisition.
The pivot, even if temporary, is notable given Strategy's near-unbroken streak of weekly BTC buys. Bond purchases suggest the team is either managing leverage, raising fresh capital, or waiting for a more favourable entry point before the next large accumulation move.
For macro watchers, a pause from the market's most consistent institutional buyer carries mild bearish weight on near-term BTC demand.
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