Strategy's Bitcoin Engine Revs Up Amid Speculation
Michael Saylor's latest message has sparked speculation about potential new Bitcoin purchases by Strategy. This Sunday, August 2, Saylor published a chart tracking the company's reserves alongside an enigmatic phrase: 'the bitcoin engine is running.'
This development comes after a similar signal from Saylor last week preceded a reorganization of the group's treasury.
Strategy recently sold 3,588 BTC to pay dividends and build a cash reserve of $3.75 billion.
The company reported an operating loss of $8.33 billion in the second quarter, largely due to accounting depreciation of crypto assets.