Michael Saylor Teases New Bitcoin Purchase as Strategy Expands $70B BTC Treasury Despite Market Turmoil
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), appears to be preparing another major Bitcoin accumulation, even as corporate Bitcoin treasuries face declining net asset values (NAV). His renewed hints came after the company’s latest purchase pushed its Bitcoin holdings past 640,000 BTC, worth nearly $70 billion, solidifying Strategy’s dominance in the global Bitcoin treasury landscape. The news has dominated crypto news and reignited discussions across the blockchain technology and crypto pur communities.
The cryptic hint that started the speculation
In a post on X, Saylor shared a chart from the Saylor Bitcoin Tracker captioned, “The most important orange dot is always the next.” The image detailed Strategy’s ongoing accumulation of Bitcoin over the past five years, marking 82 separate purchases. Blockchain analysts quickly interpreted the post as a prelude to another acquisition, noting that Saylor’s past cryptic posts typically preceded major buying announcements.
The chart indicated that Strategy’s cumulative Bitcoin holdings stood at 640,250 BTC, purchased at an average price of $74,000 per coin, a 45% gain from its cost basis. This positions the firm’s reserve at approximately 2.5% of Bitcoin’s total circulating supply, worth around $69 billion USD based on current prices near $110,000.
Confirmed: Another Bitcoin buy amid NAV pressure
Only days after Saylor’s hint, Strategy disclosed that it had officially purchased an additional 168 BTC for $18.8 million, at an average price of $112,051 per coin. The purchase raised Strategy’s total to 640,418 BTC, valued at more than $70 billion at today’s market rates.
Although smaller than its earlier multi-billion-dollar acquisitions, the steady pace signifies the company’s continuous commitment to converting surplus capital into Bitcoin, a model that’s redefined how corporations manage cash reserves. “Sometimes we’re literally raising $100 million in an hour and buying Bitcoin the same day,” Saylor recently told investors, describing Strategy’s ability to turn capital into digital assets almost instantly.
Strategy dominates the Bitcoin treasury landscape
According to data from BitcoinTreasuries.net, Strategy remains the largest corporate holder of Bitcoin worldwide, surpassing combined holdings of the next 15 companies. Following Strategy, MARA Holdings ranks second with 53,250 BTC (≈$5.7B), followed by XXI Capital with 43,514 BTC (≈$4.7B), Japan’s Metaplanet with 30,823 BTC, and Bitcoin Standard Treasury Co. at 30,021 BTC.
Collectively, the top 15 public firms hold over 900,000 BTC, valued at nearly $100 billion. Yet Strategy’s share alone represents nearly three-fourths of all Bitcoin held by publicly traded companies, a figure that continues to grow with each purchase cycle.
Bitcoin treasury NAVs declining but opportunity rising
Despite the seemingly bullish activity, corporate Bitcoin treasuries have experienced significant NAV declines in recent months. A report by 10x Research noted that many Bitcoin treasury companies are trading below their intrinsic Bitcoin value, as investors remain wary following volatile macroeconomic conditions.
Companies such as Metaplanet recently saw their market-to-Bitcoin NAV ratio fall below 1.0 for the first time, meaning their enterprise values are now lower than their Bitcoin holdings. Analysts interpret this as both a bearish short-term sentiment and a potential “rare buying opportunity,” since these firms allow indirect exposure to Bitcoin at discounted valuations.
Saylor’s Bitcoin conviction strengthens
Saylor’s repeated buying through volatile markets underlines his long-term conviction in Bitcoin’s role as “digital property” and the foundation of a new financial paradigm. He has emphasized that blockchain technology and decentralized digital assets offer superior stability and value preservation over traditional fiat-based systems.
“The world’s wealth is in meltdown. Bitcoin remains the one incorruptible store of energy across time and space,” Saylor remarked in a previous interview, arguing that long-term accumulation remains Strategy’s focus regardless of short-term volatility.
Through convertible note offerings, stock issuances, and debt agreements, Strategy has transformed itself into an unofficial Bitcoin ETF, outperforming most crypto funds and positioning the company as a core pillar of institutional Bitcoin adoption.
Conclusion
Michael Saylor’s latest Bitcoin purchase and his carefully choreographed hints on social media reaffirm Strategy’s status as the world’s leading Bitcoin treasury. Even as corporate NAVs tumble and market sentiment cools, Strategy continues to expand its Bitcoin footprint, underscoring both its financial agility and deep-rooted belief in blockchain’s transformative potential.
For the crypto pur community, Saylor’s unshakeable strategy is more than an accumulation spree, it’s a long-term bet on the future of sound money and digital sovereignty powered by blockchain technology.
