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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/03/2026

Saylor Teases Buy, Then Files Bitcoin Sale as STRC Rate Holds at 12%

What happened: On August 2, Michael Saylor posted "Bitcoin Drive engaged" on X, widely interpreted as a signal that Strategy (formerly MicroStrategy) would resume BTC purchases after a five-week pause

Saylor Teases Buy, Then Files Bitcoin Sale as STRC Rate Holds at 12%

What happened: On August 2, Michael Saylor posted "Bitcoin Drive engaged" on X, widely interpreted as a signal that Strategy (formerly MicroStrategy) would resume BTC purchases after a five-week pause. However, the following day, Strategy disclosed the sale of 1,638 BTC for $104.7 million, reducing its holdings to 842,138 BTC—about 4% of the total Bitcoin supply. Proceeds were directed toward preferred stock dividends and STRC repurchases, not general treasury. The STRC preferred dividend remains at 12% for August, with the stock trading 10.5% below par.

Why it matters: Saylor's bullish messaging was directly contradicted by the subsequent SEC filing, which revealed a sale rather than a purchase. This misalignment between public signals and corporate actions raises questions about Strategy's capital management and communication strategy. The firm now holds a $10.4 billion unrealized loss on its BTC position at current prices, and its actions suggest a focus on shareholder returns and liquidity rather than aggressive accumulation.

Source: The Block, Bitcoin.com News