Morning Minute: Saylor is Back to Buying
Strategy resumed buying Bitcoin, purchasing 1,550 BTC for $101 million at about $65.3K each after briefly selling 32 BTC the prior week. The move was financed by $181 million raised through at-the-market share sales; about $80 million went to rebuild cash reserves to $1 billion after those reserves were cut to repurchase debt. Markets reacted positively: MSTR rose 6%, STRC gained 3.69%, while BTC stayed around $63.5K. Citrini Research highlighted Hyperliquid and HYPE as a compelling buy, arguing that strong platform activity and a large buyback engine make the token attractive. The bullish case is supported by heavy fee generation and buybacks, but U.S. regulated perpetual futures products could divert volume away from Hyperliquid’s offshore model. Sam Bankman-Fried formally asked Trump for a pardon after his FTX conviction, though Trump has repeatedly signaled opposition. FTT briefly surged on the news.
