According to foreign media, Michael Saylor's latest post, “What's Next”, rekindled the market's speculation about Strategy bitcoin operations. For this company, known for its long-term and continuous buy-in of BTC, it is not the slogan, but rather the way in which it deals with the relationship between warehousing, cash and debt during the recall phase.

Market concerns about re-buying

According to the article, the optimist side interprets the post as a new round of low-purchase prognosis, and even speculates that the company may again expand its position through additional financing. Since the statements were not accompanied by specific information, the focus of the market has shifted to the next week ' s trading period and subsequent disclosure of the SEC document.

Saylor has released signals through social platforms on several occasions in the past and has been supplemented by company announcements or regulatory documents, so this statement was also seen as potentially related to subsequent capital movements.

Recent operation has changed

According to the article, Strategy's recent move is not entirely consistent with its long-standing emphasis on “buy and own”. No new bitcoin purchases have been made since 22 June, and part of the BTC has recently been sold.

  • The last relevant transaction took place on July 6th.
  • Newest related to sale of 2,225 BTCs
  • Prior cumulative sale of 3,588 BTCs

It was also reported that this portion of the funds was used to pay for shareholder dividends and to establish a reserve of approximately $25.5 billion. This is a more radical silo tempo than before, which shows that the company is beginning to retain a clearer cash buffer for the next phase.

Warehousing strategy to balance

According to the article, Strategy is now at a more sensitive node. On the one hand, the company continues to be one of the most prominent Bitcoin enterprises on Wall Street; on the other hand, when market volatility increases, it also needs to address shareholder returns, financial reserves and debt obligations.

Next, the central concern of the outside world is whether companies will return to a more aggressive buy-in rhythm or continue to maintain more prudent financial operations. The answer is likely to wait until the next few days for corporate disclosure and regulatory documents to become clear.