Saylor signals another Bitcoin buy as BTC hovers near $66K

Michael Saylor, the co-founder of Bitcoin (BTC) treasury institution Strategy, indicated connected Sunday that the steadfast is buying much BTC, arsenic the terms hovers adjacent the $66,000 level. 

“The Second Century Begins,” Saylor said connected X, arsenic helium shared the Strategy BTC accumulation illustration that has go synonymous with impending BTC purchases.

Strategy’s most caller BTC purchase occurred during the past week of February, erstwhile the institution bought 3,015 BTC for much than $204 million, bringing its full holdings to 720,737 BTC, valued astatine astir $48.1 cardinal utilizing marketplace prices astatine the clip of publication.

The terms of Bitcoin is presently beneath Strategy’s mean acquisition outgo of astir $75,985 per BTC, according to information from SaylorTracker.

Strategy’s Bitcoin acquisition history. Source: Michael Saylor

The institution continues to accumulate BTC done indebtedness and equity financing, adjacent amid a broad marketplace downturn and a collapse successful nett plus values (NAVs) for Treasury companies. 

Strategy’s basic NAV is conscionable beneath 1, according to the company, meaning it is trading astatine a discount to its BTC treasury.

Related: Strategy boosts monthly STRC preferred dividend to 11.5% for March 2026

2026 whitethorn beryllium the twelvemonth of consolidation for crypto treasury companies, but Saylor isn’t buying

The digital plus treasury marketplace could consolidate successful 2026, arsenic companies with operating businesses that make currency travel volition bargain up treasury companies that simply accumulate BTC, according to Wojciech Kaszycki, main strategy serviceman of treasury institution BTCS.

“If you consolidate with different player, sometimes 2 positive 2 equals six oregon more, you tin triumph faster, due to the fact that everybody successful this marketplace trading beneath nett plus worth is struggling,” helium told Cointelegraph.

Bitcoin holdings of treasury companies, exchange-traded funds (ETFs), nation-states and decentralized concern wrappers. Source: BitcoinTreasuries

Crypto treasury companies tin supply validation services for blockchain networks, excavation cryptocurrencies, connection backstage oregon nationalist recognition instruments, oregon commencement immoderate concern unrelated to integer assets to make revenue, helium added.

Saylor has dismissed the idea of buying up competitors oregon distressed BTC treasury companies, citing fiscal uncertainty arsenic the main crushed for avoiding mergers and acquisitions.

“These things thin to agelong retired six to 9 months oregon a year,” helium said. “An thought that looks bully erstwhile you commencement mightiness not inactive beryllium a bully thought six months later,” helium added.

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