Saylor’s orange dots are back in play as Strategy’s chairman posted a fresh chart from StrategyTracker.com on X with the short caption, “Doing Business”.
For the market, this is the main teaser of the week, as last Sunday an identical post was followed by an announcement of Bitcoin sales, while today’s publication has left investors wondering whether the company is preparing to deploy its cash and resume buying.
The intrigue surrounding the new teaser lies in the dynamics of recent days. Following the publication of the previous chart, the company adjusted its capital structure. On Aug. 3, it disclosed the sale of 1,638 BTC for approximately $105 million, with the funds directed toward STRC buybacks and dividend payments, which helped the company meet its near-term operating obligations.
No direct cryptocurrency purchases have been made for the company’s balance sheet since June. However, as a result of its latest moves, its available cash cushion has reached an impressive $4 billion.
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According to the latest chart, Strategy’s reserves stand at 842,138 BTC, equivalent to $54.66 billion. Since 2020, the company has completed 113 recorded acquisition rounds at an average purchase price of $75,653 per Bitcoin.
$9 billion paper loss meets a $4 billion cash pile
The catch, however, is that current market fluctuations have temporarily left the portfolio sitting on an unrealized loss of 14.21%, or approximately $9.05 billion.
Previous experience shows that Saylor uses StrategyTracker charts to hint at the company’s next moves. Whether the latest teaser signals preparations for a new round of accumulation remains an open question.
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With a substantial amount of fiat currency at its disposal and the market temporarily trading below the company’s average entry price, Strategy now has ideal conditions for the classic dollar-cost averaging that it traditionally returns to after settling its obligations.
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