# Saylor's Strategy bets big on Bitcoin's surprise rally

> Michael Saylor's company buys Bitcoin again as the cryptocurrency surges past $85,000, breaking a month-long buying pause.
- Title: Saylor's Strategy bets big on Bitcoin's surprise rally
- Summary: Michael Saylor's company buys Bitcoin again as the cryptocurrency surges past $85,000, breaking a month-long buying pause. Strategy's return to Bitcoin…
- Keywords: bitcoin, michael saylor, strategy, cryptocurrency, price rally, corporate bitcoin holdings, federal reserve, treasury bonds, volatility, Saylor's, bets, big
- Source: Fortune — https://fortune.com/2026/09/21/michael-saylors-strategy-bitcoin-surprise-rally-price-85000
- Author: Camila Grigera Naón
- Read time: 1 min
- Topics: bitcoin, michael saylor, strategy, cryptocurrency, price rally, corporate bitcoin holdings, federal reserve, treasury bonds, volatility
## Strategy buys Bitcoin again
Michael Saylor's Strategy purchased 950 Bitcoin for nearly $76 million this past week, marking its first buy in three weeks. The move brought total holdings to 846,000 Bitcoin.
## Bitcoin surges past $85,000
Bitcoin jumped more than 6% in 24 hours to nearly $86,000, extending a recovery from a yearlong bear market. The price had fallen as low as $58,000 in June.
## Strategy stock jumps with Bitcoin
Strategy shares rose nearly 9% to $167 as Bitcoin climbed. The company also spent $174 million repurchasing its dividend-paying preferred shares.
## Saylor's 'never sell' philosophy tested
Despite championing a 'never sell your Bitcoin' mantra, Strategy sold Bitcoin four times in the past four months as the bear market squeezed its finances.
## Treasury moves spark Bitcoin demand
Bitcoin's rally began in mid-August after the U.S. Treasury announced it would double purchases of long-term government bonds. Concerns about yields and inflation revived Bitcoin's appeal as an alternative asset.

> You always need a narrative to kickstart something.
## Fed rate hike clears the way
When the Federal Reserve raised rates by a quarter point on September 16, Bitcoin initially fell to $75,600 but quickly recovered. Analysts say the expected hike removed a key source of uncertainty.
## Key takeaway

Strategy's return to Bitcoin purchases signals confidence in the cryptocurrency's recovery, even as the company's fortunes remain tightly tied to price swings.