Strategy has again drawn attention for a possible additional bitcoin purchase.

On Aug. 9, blockchain media outlet U.Today reported that Strategy Chairman Michael Saylor (마이클 세일러) posted a StrategyTracker chart on X, formerly Twitter, and wrote, "Doing Business."

The market is treating the post as a key signal this week. That is because after Saylor posted a similar-format message last Sunday, an announcement of a bitcoin sale followed. The latest post is focusing attention on whether the company will redeploy its cash holdings and resume buying.

Strategy recently adjusted its capital structure. The company disclosed that it sold 1,638 bitcoin on Aug. 3 for about $105 million. The funds were used for buybacks of STRC shares and dividend payments, and to meet short-term operating obligations.

The company’s cash capacity then increased sharply. Strategy has not directly bought additional cryptocurrency on its balance sheet since June, but recent steps expanded its available cash buffer to about $4 billion. That is why the market is watching the latest signal. It has secured enough cash, and bitcoin’s recent price trend is moving below the company’s average purchase price.

Based on the latest chart, Strategy holds 842,138 bitcoin. Their value is $54.66 billion. Since 2020, the company has made 113 purchases, and its average bitcoin purchase price was tallied at $75,653 per bitcoin.

The burden of valuation losses remains. Due to market volatility, the current portfolio is posting an unrealised loss of 14.21 percent, which amounts to about $9.05 billion. With about $9 billion in valuation losses while holding $4 billion in cash, it has secured large-scale liquidity despite a significant loss burden.

Saylor’s posting pattern is also why the market reacts sensitively. He has used StrategyTracker charts to hint at the company’s next move. This time, he left only a short phrase, but investors are watching whether to interpret it as a signal that it is preparing to accumulate again.

The key question is whether Strategy will return to its traditionally used staggered buying approach. The company is holding a large amount of cash after completing fund outlays to meet obligations. With bitcoin staying below its average entry price, conditions are in place for additional purchases. But it has not yet been confirmed whether the post will lead to actual buying.

The focus of the post lies less in the simple message than in Strategy’s funding capacity and its purchase-price range. Securing cash despite large valuation losses on its bitcoin holdings shows a structure in which the company can again execute its existing buying strategy.

Doing ₿usiness. pic.twitter.com/PtekVgHXDp