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    3. Michael Saylor Sparks Speculation on New Bitcoin Purchase by Strategy

    Michael Saylor Sparks Speculation on New Bitcoin Purchase by Strategy

    By: rootdata|2026/08/03 07:15:00
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    A simple message from Michael Saylor is often enough to raise tensions in the bitcoin market. On Sunday, August 2, the executive chairman of Strategy published his now-traditional chart tracking the company's reserves, accompanied by an enigmatic phrase: "the bitcoin engine is running". For investors, this Sunday meeting goes beyond mere communication. The previous week, a similar signal preceded a reorganization of the group's treasury. This new publication reignites speculation about a possible resumption of bitcoin purchases.

    In brief

    • Michael Saylor publishes a message, reigniting speculation about a new bitcoin purchase this Monday.
    • The firm recently sold 3,588 BTC to pay dividends and consolidate a cash reserve of $3.75 billion.
    • An operating loss of $8.33 billion was recorded in the second quarter, weighed down by the accounting depreciation of crypto assets.
    • The anticipated announcement will reveal whether the company resumes its accumulation of BTC or prioritizes securing its liquidity.

    Bitcoin: Signals of Accumulation from Strategy?

    This message shared by Michael Saylor immediately revived expectations of an official bitcoin purchase announcement as early as this Monday. Such a publication fits into a well-established communication model where Sunday hints precede the company's weekly disclosures. Indeed, a similar sequence occurred the previous Sunday when Saylor stated "we will need another color" before Strategy revealed an increase in its cash reserves in dollars.

    The key data from Strategy's portfolio presented in this visual and the official register reveal the following metrics:

    • Total volume held: 843,775 BTC are on the public balance;
    • Market valuation: approximately $53.25 billion at the time of capture;
    • Acquisition cost: nearly $63.69 billion across 116 cash events;
    • Average purchase price: $75,476 per bitcoin;
    • Latent performance: an unrealized loss of -$10.58 billion, or -16.58%.

    The complete absence of new asset purchases during the week ending July 26 marked a pause in the company's usual aggressive accumulation dynamics. This temporary slowdown raises the question of whether Saylor's new message indicates a genuine resumption of bitcoin acquisitions or if it is merely a reaffirmation of the company's long-term vision in the face of short-term market uncertainties.

    Treasury Arbitrage and Building a Dollar Reserve

    Beyond the visual communication from its leader, the accounting reality of Strategy reveals unprecedented capital arbitrage and active management of dollar liquidity. The company's official register indicates the recent completion of two bitcoin sales totaling 3,588 BTC, broken down into an initial transaction of 1,363 BTC and a second of 2,225 BTC. These sales reduced the company's overall reserves from 847,363 BTC to 843,775 BTC. According to documents filed with the Securities and Exchange Commission (SEC), Strategy conducted these sales to finance the distributions of preferred shares and to rebuild its safety cushion in fiat currency.

    This prudent balance sheet management shows a company that is attentive and capable of preserving its solvency ratios.

    -- Price

    --

    The Second Quarter Balance Sheet {#h-the-balance-sheet-of-the-second-quarter}

    This active restructuring of the balance sheet fits into a particularly tense financial context at the end of the second quarter of 2026. The company reported an overall operating loss of $8.33 billion for the second quarter, marking a sharp turnaround from the operating profit of $14.03 billion recorded during the same period a year earlier. This deterioration is primarily explained by the new accounting rules for cryptos and the downward movements observed in the market.

    Indeed, the quarter's balance sheet includes an unrealized loss of $8.32 billion directly attributable to the cryptos held in cash, compared to an unrealized gain of $14.05 billion recorded in the second quarter of 2025. These spectacular accounting variations illustrate the high volatility to which the company is exposed by integrating bitcoin into its capital structure. They highlight the strategic importance of the fiat reserves accumulated by the company to absorb these fluctuations without weakening its daily operational functioning.

    The simultaneous management of growing debt obligations, stock distributions, and massive exposure to bitcoin volatility places the firm in a delicate arbitrage position. While the ability to raise dollar liquidity provides medium-term coverage against turbulence, the reaction of financial markets will depend on the confirmation or not of an actual return to bitcoin purchases this Monday. The outcome of this sequence will inform investors about the long-term viability of a business model based on the backing of institutional cash to cryptos.

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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    Contents

    In brief
    Bitcoin: Signals of Accumulation from Strategy?
    Treasury Arbitrage and Building a Dollar Reserve
    NOW
    The Second Quarter Balance Sheet {#h-the-balance-sheet-of-the-second-quarter}

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