Strategy's Bitcoin Move After 'Doing ₿usiness' Post Sparks Speculation

Strategy's latest move has sparked speculation about its next Bitcoin transaction after Michael Saylor posted 'Doing ₿usiness' on Sunday, August 9. The post comes amidst a series of transactions, including a confirmed sale of 1,638 BTC for $104.73 million between July 27 and August 2.

The company's public ledger still shows 842,138 BTC acquired for $63.51 billion at an average cost of $75,419 per coin. However, a 1,030 BTC transfer linked to Strategy by Lookonchain has raised questions about whether the company sold or moved Bitcoin without confirming it through official filings.

Saylor's post did not provide any details on the nature of the transaction, but Strategy's executive chairman has emphasized that the company now permits Bitcoin monetization for specified corporate purposes, including funding its U.S. dollar reserve and preferred dividends.