Michael Saylor has hinted that Strategy could be preparing another Bitcoin purchase, putting the company back at the center of market attention. The signal arrived as retail participation shows signs of returning, with Google searches for “buy bitcoin” hitting a five-year high while BTC rebounds from a steep correction.
Strategy Keeps the Largest Corporate Bitcoin Treasury
Public disclosures cited in the source show that Strategy, formerly MicroStrategy, now holds 717,722 BTC, equal to roughly 3.4% of Bitcoin’s total supply. That keeps it in the top spot among corporate holders worldwide. The company has stuck to its buy-and-hold approach even as Bitcoin has traded in the $60,000 to $70,000 range since late January 2026 and the broader crypto market has remained volatile.
Its total acquisition cost stands at about $54.56 billion, with an average purchase price near $76,020 per BTC. Based on the valuation cited in the report, the position is currently worth around $48.8 billion to $49 billion, leaving an unrealized loss of roughly $6 billion to $8 billion. The paper loss is large. It has not stopped additional buying.
New Purchases Continue After the 100th Buy
Just days before the latest signal, Strategy completed its 100th Bitcoin purchase, buying 592 BTC for about $39.8 million. Earlier in February, it added another 2,486 BTC for roughly $168 million. The pattern described in the article is steady accumulation rather than a one-off move.
To fund that strategy, the company has leaned on several capital-raising tools, including at-the-market equity offerings, convertible debt, and preferred stock instruments such as STRC, or “Stretch,” which offer double-digit yields. In 2025 alone, Strategy raised $25.3 billion, making it one of the largest equity issuers in the United States. That capital supported the addition of about 225,030 BTC in a single year.
Bitcoin Stabilizes Near the $68,000 Area
The market backdrop has also shifted. According to the source material, Bitcoin has started to stabilize after a drawdown of nearly 50% from its $126,000 high in 2025. Rising trading volume, short liquidations, and on-chain accumulation in the $60,000 to $70,000 zone are presented as factors supporting the current buy-Bitcoin narrative.
At the time referenced in the report, BTC was down a modest 0.49% to around $68,000. That move was framed as consolidation after a recent run toward $70,000 rather than heavy selling. Derivatives data pointed in the same direction: open interest fell 3.7%, funding stayed close to neutral at +0.0005%, and spot volume dropped 25.75%.
Institutional Accumulation Remains in Focus
The article argues that steady buying can tighten available supply and reinforce Bitcoin’s scarcity profile. Beyond Strategy, whales were said to have added more than 30,000 BTC, while spot ETFs continued absorbing supply. BlackRock’s IBIT was cited with holdings of about 1.27 million BTC, or roughly 6.38% of total supply.
Other named holders include Marathon Digital with around 52,850 BTC and Metaplanet with holdings above 35,000 BTC. Mining companies such as Riot Platforms, Cipher Mining, and TeraWulf were also mentioned as long-term sources of support. Debate around Saylor’s approach remains split: supporters view the strategy as conviction, while critics focus on unrealized losses, leverage risk, and stock volatility. Even so, his buying signals continue to influence how the market reads the current recovery phase.