Strategy co-founder Michael Saylor announced the resumption of Bitcoin buying after a week-long break. The company recently bought 4,980 BTC for $532 million, totaling 597,325 BTC worth over $70.9 billion. Strategy’s shares are trading at $434, up 16% this month but below the all-time high of $543.

Bitcoin treasury companies, including Strategy, bought 159,107 BTC in Q2, totaling 3.5 million BTC held by institutional treasuries. Strategy’s rapid accumulation of BTC has been compared to “synthetically halving” Bitcoin. The miner reserve metric continues to decline as Strategy outpaces miners in BTC accumulation.

Read more at Cointelegraph.: Strategy Co-Founder Hints at Another Bitcoin Purchase