Strategy Teaser Sparks Speculation About Bitcoin Buying Spree

Strategy's latest 'Doing Business' teaser has investors on edge, echoing a similar post last Sunday that preceded a Bitcoin sales announcement.

The company's cash cushion now stands at an impressive $4 billion after selling 1,638 BTC for approximately $105 million on August 3, which was directed toward STRC buybacks and dividend payments to meet its near-term operating obligations.

This move followed a period where the company made no direct cryptocurrency purchases since June, but its available cash has more than doubled since then.

Strategy's reserves currently hold 842,138 BTC, equivalent to $54.66 billion, with an average purchase price of $75,653 per Bitcoin since 2020.

The company's portfolio is sitting on an unrealized loss of 14.21%, or approximately $9.05 billion due to current market fluctuations.