Saylor Teases Strategy's Next Bitcoin Move Amid Speculation

Michael Saylor, chairman and former CEO of Strategy, hinted at his company's next move regarding its bitcoin holdings. In a tweet on Sunday, he posted 'Doing ₿usiness,' which some analysts speculate means Strategy has resumed buying BTC.

However, this interpretation might be premature, as Strategy announced its third bitcoin sale for the year just last week. The firm sold 1,638 units of BTC for over $100 million, dropping its total holdings to 842,138 BTC.

A wallet linked to Strategy had transferred more than 1,000 units of BTC a few days ago, which analysts at Lookonchain flagged as a potential offload before it was officially announced. The proceeds from the sale were used to purchase STRC stock, which has seen a positive reaction, rising by $20 since its low.

The company halted its BTC purchases in late June to focus on rebuilding its USD reserve after STRC slumped below its par price of $100. Analysts expect another sale based on Strategy's recent move, but Saylor's tweet remains cryptic, leaving the market speculating about his intentions.