Michael Saylor put Strategy’s Bitcoin activity back under scrutiny on Sunday, Aug. 9, with a two word X post: “Doing ₿usiness.”
Summary
- Strategy sold 1,638 BTC for $104.73 million between July 27 and August 2, filings show.
- Saylor’s Sunday “Doing ₿usiness” post did not specify whether Strategy bought, sold, or moved Bitcoin.
- Lookonchain linked a 1,030 BTC transfer to Strategy, but no company filing confirms any sale.
- Strategy’s holdings remain 842,138 BTC acquired for $63.51 billion at an average cost of $75,419.
- STRC closed Friday near $94.60, still below the $100 stated amount Strategy management currently targets.
The company’s executive chairman offered no details about whether the message referred to buying Bitcoin, selling more BTC, raising capital or another treasury transaction. As of Sunday, Strategy’s public Bitcoin ledger still showed 842,138 BTC, meaning no additional disposal after its Aug. 3 filing had been confirmed.
The timing has fueled speculation because Strategy confirmed a $104.73 million Bitcoin sale last Monday and a wallet linked to the company moved another 1,030 BTC two days later. Yet the second movement remains just that: an onchain transfer. Neither Strategy nor a later U.S. Securities and Exchange Commission filing has established that those coins were sold.
Strategy’s latest confirmed move was a 1,638 BTC sale
Strategy’s Aug. 3 SEC filing shows it sold 1,638 BTC between July 27 and Aug. 2 at an average price of $63,957, receiving $104.73 million after fees. The company used $52.4 million for preferred stock dividends and $52.3 million to help finance repurchases of STRC preferred shares.
After the transaction, Strategy reported 842,138 BTC acquired for $63.51 billion at an average cost of $75,419 per coin. Its official Bitcoin ledger actually records four negative BTC entries during 2026: 32 BTC reported June 1, 1,363 BTC on June 30, 2,225 BTC on July 6 and the latest 1,638 BTC. Together, those entries total 5,258 BTC.
As crypto.news reported, the latest sale was accompanied by another source of cash. Strategy sold 3.01 million MSTR shares for $290.6 million during the same reporting period. Of those proceeds, $250 million went into its U.S. dollar reserve, $28.9 million funded additional STRC repurchases and $11.7 million was added to cash.
That combination matters when assessing Saylor’s latest post. Strategy now has several ways to raise or redirect capital, so a cryptic message from Saylor does not automatically mean the company bought or sold Bitcoin.
On Aug. 5, Lookonchain identified wallets it associates with Strategy transferring 1,030 BTC, then worth roughly $66.14 million. The analytics firm itself framed the transaction as a question, asking whether Strategy was “dumping BTC again.” No official company disclosure has confirmed that interpretation.
Bitcoin can move between custodians, internal addresses, trading accounts or settlement wallets without ownership changing. Strategy’s public ledger continued to show 842,138 BTC after the transfer, while the Aug. 3 SEC filing covered activity only through Aug. 2.
The next company update could therefore clarify whether the 1,030 BTC movement represented another disposal. Until then, describing it as a confirmed sale would go beyond the available evidence.
The distinction is especially important because Strategy has formally changed how it manages Bitcoin. The company once focused overwhelmingly on accumulation, but its board now permits Bitcoin monetization for specified corporate purposes.
STRC buybacks create a reason Strategy could sell more BTC
Strategy’s second quarter disclosure says its Bitcoin Monetization Program allows BTC sales to fund its U.S. dollar reserve, preferred dividends, interest obligations and approved repurchases of MSTR or its digital credit securities. The authorization permits up to $1.25 billion of Bitcoin sales specifically to build the reserve, alongside additional permitted uses.
Management has placed particular attention on STRC. CEO Phong Le said the company’s objective is for the preferred shares to trade between $99 and $100 and that Strategy intends to repurchase STRC in a “regular and disciplined manner” while it remains below $100.
STRC was still around $94.60 after Friday’s session, according to Strategy’s own STRC information page. The Aug. 3 filing also showed that Strategy bought back 912,143 STRC shares for $81.2 million during the preceding week, leaving $893.8 million available under its preferred securities repurchase authorization.
Still, another Bitcoin sale is not required to fund those purchases. Strategy entered August with a $4 billion U.S. dollar reserve and continues to have access to its at the market equity programs. Those alternative funding sources make any prediction about the next treasury move uncertain.
Monday’s disclosure could settle the Bitcoin sale question
Because Saylor posted on Sunday, U.S. equity markets have not yet had an opportunity to react directly to his message. MSTR’s latest session ended at $100.01, while Bitcoin was trading around $65,183 on Sunday.
That also means Monday’s company disclosures matter more than social media speculation. Strategy has said its website dashboard is one of its Regulation FD disclosure channels, and it regularly reports Bitcoin transactions through SEC filings and its public ledger.
Strategy’s recent disposals have marked a broader shift toward active treasury management as the company balances Bitcoin holdings, preferred dividends, cash reserves and STRC support. The change does not establish that Strategy is abandoning Bitcoin accumulation, but it does mean Saylor’s traditional Sunday posts can no longer be read automatically as previews of another purchase.
For now, “Doing ₿usiness” remains a teaser rather than evidence of a transaction. The clearest confirmation would be a new SEC filing or Strategy ledger update showing whether its 842,138 BTC balance changed after Aug. 2. Until such a disclosure appears, the reported 1,030 BTC movement should remain classified as an unconfirmed transfer rather than another Strategy sale.
