Strategy’s executive chairman Michael Saylor posted a familiar Bitcoin holdings chart on X on August 9 accompanied by the brief caption “Doing ₿usiness.” The message immediately drew attention across financial and crypto circles because similar weekend chart updates have often preceded company disclosures about its Bitcoin treasury activity.

In recent months those signals have become less predictable. A comparable post earlier this summer was followed by a sale rather than a purchase, marking a shift in how the market interprets Saylor’s social media activity.

Confirmed Sales and Current Holdings

Strategy’s most recent official disclosure, filed with the U.S. Securities and Exchange Commission on August 3, showed the company sold 1,638 Bitcoin between July 27 and August 2. The sale generated $104.73 million at an average price of approximately $63,957 per coin after fees.

Proceeds were directed toward preferred stock dividends and the repurchase of STRC preferred shares. The company allocated $52.4 million to dividend obligations and $52.3 million toward STRC buybacks. During the same period Strategy also sold common shares, boosting its U.S. dollar cash position.

After the transaction, Strategy reported holdings of 842,138 Bitcoin acquired at a total cost of $63.51 billion, or an average of about $75,419 per coin. With Bitcoin trading near $65,000, the position carries an unrealized loss approaching $9 billion relative to cost basis.

The company’s public ledger lists four Bitcoin disposals in 2026 totaling 5,258 coins. No purchases have been recorded since June. Strategy now maintains a cash reserve of roughly $4 billion alongside its Bitcoin stack.

Unconfirmed Transfer Adds Uncertainty

On August 5, blockchain analytics identified a transfer of 1,030 Bitcoin from wallets associated with Strategy. The coins were valued at approximately $66 million at the time. No subsequent company filing or ledger update has confirmed that the coins were sold.

Strategy’s official Bitcoin dashboard continued to display the same 842,138 BTC balance after the movement. Internal transfers between custodians, trading accounts or settlement wallets can occur without a change in ownership, so the transfer remains classified as unconfirmed pending further disclosure.

Preferred Shares and Capital Priorities

Management has placed clear emphasis on supporting its STRC preferred stock. The shares closed recently near $94.60, below the $99–$100 range the company has targeted. Strategy repurchased 912,143 STRC shares for $81.2 million in the latest reporting period and retains substantial remaining authorization for further buybacks.

The company’s board has formalized a Bitcoin Monetization Program that permits sales to fund the dollar reserve, preferred dividends, interest payments and approved share repurchases. At the same time, Strategy retains access to equity issuance programs and its existing cash balance, giving it multiple options for capital management.

Awaiting Official Clarity

Saylor’s August 9 post offered no details on whether the company intends to buy more Bitcoin, sell additional holdings, raise capital or execute another form of treasury transaction. Strategy has stated that its website dashboard serves as one of its Regulation FD disclosure channels, and it routinely reports Bitcoin activity through SEC filings and the public ledger.

Until a new filing or ledger update appears, the 842,138 BTC figure stands as the last confirmed balance. The combination of recent sales, the unconfirmed transfer and the latest cryptic message has left the market watching for the next official report to determine Strategy’s immediate direction on its Bitcoin reserves.