Michael Saylor said large corporate Bitcoin purchases usually do not trigger an immediate market reaction. In a March 12 post on X, he wrote, “You know there’s a delay between the time we buy the Bitcoin and the time Bitcoin goes to the moon.” The comment drew broad attention across the crypto community and reopened debate over how quickly corporate accumulation is reflected in Bitcoin’s price.
Strategy adds 17,994 BTC and stretches buying streak to 11 weeks
Strategy said it bought 17,994 Bitcoin last week for about $1.28 billion, paying an average of $70,946 per coin. The purchase was the company’s 102nd Bitcoin acquisition and extended its run of consecutive weekly buys to 11 weeks. The firm has kept adding to its position even as the broader market remains volatile.
Based on the latest figures cited in the report, Strategy is carrying roughly $3.35 billion in unrealized losses on its Bitcoin holdings. Its Bitcoin portfolio is valued at around $52.65 billion, while the company’s own market capitalization is near $47 billion. That gap remains central to how investors are pricing the stock against the scale of its crypto reserves.
Saylor outlines a long-range framework for dividends and growth
In recent interviews, Saylor described a long-term framework for the company and said dividend payments could be managed with annual Bitcoin growth of 1.25%. He said the company could keep making those payments for many years even if the asset trades sideways, adding that Strategy would still have decades to adjust if conditions changed.
He also said Bitcoin could post average annual growth of 30% over a 20-year period. His public comments kept returning to the same point: large-scale buying should not be judged only by what happens to price on the day of purchase.
Market watches the $70,000 level as Coinbase Premium rises
Reaction on social platforms was mixed. Some users supported Saylor’s argument that large corporate purchases take time to be absorbed by the market, while others questioned whether delayed price action can explain the current trading range.
Outside Strategy’s own buying activity, crypto analyst Ted pointed to an increase in the Coinbase Premium, a spot-demand gauge derived from price differences between exchanges. Ted said that if Bitcoin holds support above $70,000, the asset may move toward $76,000. That target sits close to Strategy’s average purchase price and has become a closely watched level.
During the period covered in the report, Bitcoin traded around $71,970, staying near the company’s average entry cost. Traders and investors are still watching $70,000 as a key support area while tracking whether market performance starts to reflect the company’s continuing accumulation pace.