Why Is Strategy Still Not Buying Bitcoin?Strategy filed an 8-K Monday confirming it sold 5.43 million MSTR shares between July 20 and July 26, while also repurchasing 288,930 shares of its STRC preferred stock for $25 million. The company’s 843,775 BTC position, purchased at an average of $75,476 per coin, remains unchanged.The $3.75 billion USD reserve now covers roughly 2.1 years of preferred stock dividends, according to Executive Chairman Michael Saylor. The company has been directing share sale proceeds toward building that cash cushion rather than adding Bitcoin, with the reserve needing to cover approximately $1.76 billion in annual preferred dividends and debt interest.What Did Saylor’s Sunday Post Signal This Time?Saylor posted another Bitcoin tracker chart to X on Sunday with the caption “We’re gonna need another color.” His Sunday posts have historically preceded Bitcoin purchase announcements the following Monday, though that pattern has broken repeatedly in recent weeks as Strategy prioritized cash building over accumulation.Monday’s filing confirmed the pause continued for a fifth straight week.MSTR Stock Price Analysis: Can Shares Reclaim $105?MSTR is up 5% on Monday, but the broader chart stays heavily damaged. The stock is down 77.30% over the past 12 months and trades 42.5% below its 200-day SMA at $163.44, keeping the primary trend firmly bearish.Near term, MSTR sits just 0.9% below its 20-day SMA at $94.89, though it remains 22% below its 50-day SMA at $120.57, meaning rallies are still pushing into overhead supply rather than confirming a clean reversal. MACD sits above its signal line with a positive histogram, pointing to easing downside pressure even as the death cross from October 2025 keeps longer-term sellers active on strength.MSTR Support And Resistance Levels