Michael Saylor Signals Strategy’s 12th Week of Buying Bitcoin

Strategy pledges more Bitcoin buys despite massive losses and severe market downturn

  • Strategy has signaled its intent to buy more Bitcoin, continuing a 12-week acquisition streak despite a significant market downturn.
  • The company’s total holdings stand at 714,644 BTC, valued at approximately $49.3 billion, though its average acquisition cost is $76,000 per BTC.
  • Strategy’s mNAV (multiple on net asset value) has fallen below 1, a critical threshold indicating its stock trades below the value of its asset holdings.
  • The firm recently reported a substantial $12.4 billion quarterly loss but remains committed to its accumulation strategy.

Michael Saylor, co-founder of Strategy, indicated on Sunday via social media that the Bitcoin treasury company is preparing for another purchase. This would mark the 12th consecutive week of accumulation, defying a severe market slump. His post featured the company’s familiar acquisition chart that has become a signal for impending buys.

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Strategy’s most recent transaction on February 9 added 1,142 BTC for over $90 million. Consequently, its total treasury now amounts to 714,644 BTC, worth roughly $49.3 billion at recent prices. However, Bitcoin’s price has fallen sharply since October, dropping over 50% from its all-time high above $125,000.

The flash crash pushed BTC below Strategy’s $76,000 average cost basis per coin. Nevertheless, the company continues its accumulation strategy against analyst expectations of a pause or sell-off. This persistence comes amid broader distress in the crypto treasury sector, where vital financial metrics have deteriorated.

Standard Chartered Bank warned that the multiple on net asset value (mNAV) for leading firms fell below 1 by September 2025. Data shows Strategy’s mNAV sits at 0.90, indicating its market valuation is less than its asset holdings. Meanwhile, the company reported a massive $12.4 billion loss for the fourth quarter, triggering a 17% stock decline.

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