Strategy Chairman Michael Saylor posted a cryptic message on Sunday using a bitcoin symbol, fueling speculation of resumed BTC purchases. However, recent history shows similar hints preceded the company’s third bitcoin sale of 2026, where it sold 1,638 BTC for over $100 million. Strategy’s total holdings dropped to 842,138 BTC after that disposal.
Michael Saylor, Chairman and former CEO of Strategy, posted a cryptic message on X on Sunday that read, “Doing ₿usiness.” The message used the bitcoin logo as the first letter of the second word.
Many popular crypto analysts and market observers reshared the post and speculated that it means Strategy has resumed its BTC purchases. However, 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 that sale, the company disposed of 1,638 units for just over $100 million.
According to analysts at Lookonchain, the sale was flagged even before it was officially made public. The firm’s total holdings subsequently dropped to 842,138 BTC.
A few days ago, Lookonchain 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, STRC slumped below $80 several weeks ago. 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. It ended the week at $95.
