Michael Saylor's company Strategy did not make any Bitcoin purchases in the final days of July, marking an unexpected decision amidst stable asset prices.
Decline in Bitcoin Purchase Volumes
During the last week of July, Strategy did not purchase any Bitcoin, according to a report filed with the Securities and Exchange Commission (SEC). The company acquired 10,445 BTC in total this month, which is a 39% decrease compared to June. Earlier in July, they had been active, purchasing 4,225 BTC on July 14 and 6,220 BTC on July 21. Their portfolio remains at 607,770 BTC, marking the second week of inactivity in the month, which is atypical for their aggressive buying strategy.
Increase in STRC Stock Offering
Alongside this slowdown, Strategy significantly increased its preferred stock offering. On July 26, it announced a raise to $2.521 billion from an initial $500 million. The stock is valued at $90 per unit, scheduled to close the operation on Tuesday, subject to customary conditions. This allows the company to raise capital without resorting to traditional debt while aligning with its Bitcoin acquisition objectives. Michael Saylor referred to the STRC as one of the *"four pillars of the Bitcoin defense department"*.
Conclusion on the Company's Strategy
This operation may signal a transition phase rather than disengagement from the market. While awaiting the fundraising to close, the company may temporarily pause acquisitions to maximize the impact of incoming funds. If STRC is well received, Strategy could return to large-scale purchases in August. Conversely, a mixed market response may force the company to revise its projections or pace.
Strategy's approach to Bitcoin investments remains a topic of discussion. Given the current stable prices and declining purchase volumes, investors are questioning the company's next moves.
