[Digital Today reporter Yoonseo Lee] Strategy’s chairman Michael Saylor (마이클 세일러) hinted at the possibility of resuming bitcoin purchases shortly after the company posted an $8.22 billion net loss for the second quarter of 2026.

On Aug. 2 (local time), blockchain media outlet U.Today reported that Saylor posted the short phrase “Bitcoin Drive engaged” on his social media after the earnings release.

The market focused on the fact the message came immediately after the disclosure of a large loss. Strategy’s second-quarter loss was driven more by accounting valuation losses from bitcoin’s price drop than by a deterioration in operations. Over three months, bitcoin’s price fell as much as 14 percent at one point, from $68,000 to $58,600, sharply reducing the value of the company’s holdings.

Strategy currently holds 843,775 bitcoin. That exceeds 4 percent of bitcoin’s maximum supply. Its average purchase price is $75,653 per coin. Considering bitcoin’s current price is around $63,500, unrealised losses on a valuation basis exceed $10 billion.

The company has recently strengthened a defensive stance. In early July, it sold $218.4 million worth of bitcoin to secure funds to pay dividends. This marked the first departure from Strategy’s principle of “never sell,” which it had long stressed. The move was interpreted as a response aimed at securing liquidity.

Still, its financial capacity has increased, and this is cited as the backdrop to the message. Strategy cut its convertible bond balance by 18 percent during the market downturn to $6.7 billion, and increased cash holdings to a record $3.75 billion. It separately presented readily available cash at $3.225 billion.

Saylor’s message is read as a signal that, based on this financial structure, it could raise the pace of purchases again. The company also has the legal capacity to issue additional new shares worth up to $23.53 billion. Whether Strategy will actually deploy its secured capital tools to buy bitcoin has not yet been decided.

The key point is the direction of fund management rather than the size of the loss itself. Strategy recorded large valuation losses due to a short-term price drop, but Saylor showed he has not abandoned the existing strategy. With the company presented as having secured about two years of financial buffer capacity, market attention is focused on whether it will buy large amounts of bitcoin again at discounted prices.

Bitcoin Drive engaged. pic.twitter.com/sFpTPiMdak