Michael Saylor Teases Strategy’s Next Bitcoin Move: Analysts Expect Another Sale

Saylor made another hint on Sunday. The question is: what follows on Monday?

In a true Sunday manner, Strategy’s Chairman and former CEO made some interesting comments on X regarding the company’s latest move on bitcoin.

Today’s message reads, ‘Doing ₿usiness,’ using the cryptocurrency’s logo as the first letter of the second word. While many popular crypto analysts and market observers reshared the post and speculated that it means Strategy has resumed its BTC purchases, a look into last week’s events might tell a different story.

Saylor had posted another cryptic message on X last Sunday before Strategy announced its third bitcoin sale for the year, in which it disposed of 1,638 units for just over $100 million.

The analysts at Lookonchain had flagged the sale even before it was officially made public, as the firm’s total holdings dropped to 842,138 BTC.

A few days ago, they outlined another potential offload, as a wallet linked to the world’s largest corporate holder of bitcoin transferred more than 1,000 units.

The company used a portion of its proceeds to purchase its own STRC stock, which is supposed to have a par price of $100. However, it slumped below $80 several weeks ago, and Strategy reacted by halting its BTC purchases in late June to refocus on rebuilding its USD reserve. STRC has reacted positively, rising by $20 since its low, as it ended the week at $95.