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Here's something interesting: Strategy's recent moves have become increasingly hard to understand. From August 17 to 23, they issued 18.26 million new shares in one go, raising nearly $2 billion, which is exactly six times the $334 million raised the previous week. And the result? They got the money but didn't buy a single $BTC, with their holdings stuck at 840,447 coins for the second consecutive week. And this isn't a one-off move. Looking at the whole of August, Strategy raised a total of $3.28 billion with zero coin purchases. So where did the money go? The USD Reserve grew from $4 billion to $5.1 billion, they created a new $1.59 billion USD Cash pool, and also spent $136 million buying back preferred shares, holding nearly $6.7 billion in cash. What's even more surprising is that on August 3, they disclosed selling 1,638 BTC, netting about $105 million. The former "buy-only" Saylor is now both selling coins and hoarding cash — this shift is quite something. On the other hand, the contrast is clear. Ethereum treasury company BitMine (BMNR) just bought 32,447 $ETH last week, bringing their total holdings to 5.85 million coins, nearly 5% of ETH's total supply, and they've been buying every week for 60 consecutive weeks, showing no signs of stopping. Now the whole market is waiting: when will Strategy deploy this $6.7 billion cash, and at what price will they enter? After all, they are the largest corporate buyer of Bitcoin, and every move carries weight. Choosing to wait at a high rebound sends a signal — think about that. $BTC $ETH