Michael Saylor hints at first bitcoin purchase in two months as Bitcoin nears $79,000

Bitcoin rebounded toward $79,000, gaining more than 2.5% from Friday's lows following market volatility sparked by Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole address. The recovery in crypto markets has been accompanied by a notable increase in Bitcoin dominance, which climbed above 60% and gained roughly 4% from its June low, underscoring relative strength against altcoins. Adding to the bullish momentum, Strategy Executive Chairman Michael Saylor posted "We're Back" on X, signaling what market participants interpret as the firm's first Bitcoin acquisition since June 22. Strategy had previously paused purchases to bolster liquidity, selling shares rather than crypto reserves to build cash reserves and fund preferred stock buybacks. With Strategy now possessing nearly four years of preferred-dividend coverage and reduced net leverage, analysts expect newly raised capital to be redirected toward expanding its Bitcoin treasury, providing renewed institutional demand for the cryptocurrency.