Strategy's Saylor posted "Bitcoin Drive engaged" Aug. 2, hinting at a BTC buy after a 5-week pause. STRC dividend holds at 12% as shares trade ~10.5% below $100 par.
Bitcoin News
Strategy Executive Chairman Michael Saylor posted "Bitcoin Drive engaged" to X on Aug. 2. The caption accompanied his weekly Bitcoin (BTC) chart post, a pattern he follows most Sundays. Crypto market participants widely interpreted the phrase as a signal that the company may announce a BTC purchase on Monday.
The post followed a five-week stretch without a disclosed BTC acquisition, an unusually long gap for Strategy. The previous Sunday's post carried the caption, "We're gonna need another color," which preceded a July 27 filing confirming no new BTC was purchased that week.
5 Weeks Without a Buy
Strategy's most recent SEC filing, covering activity through July 26, shows the firm holds 843,775 BTC. That position was acquired for a total of approximately $63.69 billion at an average of $75,476 per coin. With BTC trading near $63,200, the holdings sat roughly $10.4 billion below total acquisition cost at the time of Saylor's post.
The last confirmed purchase came on June 22, when Strategy acquired 520 BTC for $34.9 million. Between June 29 and July 5, the firm sold 3,588 BTC for approximately $216 million. Those proceeds went toward funding preferred stock distributions and replenishing its cash position. During the five weeks that followed, Strategy sold additional common shares and raised its US dollar reserve to $3.75 billion. The company estimates that the reserve covers more than two years of preferred dividend payments and interest obligations. Strategy also repurchased $25 million worth of its STRC preferred shares at prices below par during the same period. Analysts at TD Cowen and Benchmark have publicly supported these moves. Strategy reported an $8.22 billion net loss for Q2 2026, driven by an $8.32 billion unrealized loss on its BTC holdings.
Related Article: Strategy CEO Says Bitcoin Must Drop to $10K Before Debt Becomes a Concern
On the evening of Aug. 1, Saylor posted separately on X to announce that Strategy will maintain STRC's variable annualized dividend rate at 12% for all August record dates. STRC pays cash dividends twice per month against a $100 stated value. At the 12% rate, each semi-monthly payment equals $0.50 per share.
STRC Still Trades Below Par
STRC closed on Aug. 1 at $89.46, approximately 10.5% below its $100 par value. At the current dividend rate, that price implies an effective yield of roughly 13.4%. The stock rose 5.42% in July after opening the month with a 50-basis-point rate hike following poor June performance. Trading volume on Aug. 1 ran at about two-thirds of the stock's daily average. Strategy CEO Phong Le said in a July 27 press release that management intends to keep recommending the 12% rate until STRC trades near $100 in a sustained and consistent way. Le added that the firm will size its STRC repurchases based on both price and available liquidity. Strategy's common stock closed at $93.28 on Aug. 1, down 4.6% on the session.
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