Michael Saylor Signals 99th Bitcoin Purchase Amid Volatility

Amid a correction of bitcoin and in a climate of increased volatility, Michael Saylor, the leader of Strategy, sends a new buying signal. This decision intrigues as much as it divides, while the asset evolves under pressure. Behind this announcement, it is the whole coherence and risks of an assumed accumulation strategy that are once again spotlighted.

Continuous accumulation: Strategy stays the course on bitcoin

Michael Saylor again signaled an intention to buy bitcoin by publishing a chart on platform X, marking the twelfth consecutive week of acquisition signals for Strategy.

This purchase sequence occurs while bitcoin trades significantly below its last all-time high. Indeed, the company is about to finalize its 99^th Bitcoin transaction, confirming the continuity of a strategy engaged for several years.

The reported factual elements are as follows :

• 1,142 BTC purchased for approximately 90 million dollars in the last announced operation ;
• A total now at 714,644 BTC held by Strategy ;
• An estimated valuation of 49.3 billion dollars ;
• An average acquisition cost of around 76,000 dollars per Bitcoin ;
• A market context marked by a drop of over 50 % from the all-time high above more than 126,000 dollars.

These data illustrate an accumulation policy maintained despite a market price currently below the company’s average acquisition cost.

Financial outlook

Beyond the sequence of purchases, Saylor’s communication reveals Strategy’s organizational solidity in the face of an unfavorable market. Despite the bearish environment which saw several crypto treasury companies see their net asset multiple (mNAV) fall below 1, Strategy continues to invest and display new buying signals.

This behavior goes against some analysts’ recommendations who expected a pause or asset sales in such a context.

Moreover, the continuing purchases show a strong conviction in bitcoin’s long-term recovery. By maintaining a policy of regular acquisitions despite paper losses related to a market price below their average cost, Strategy strengthens its position as the main corporate holder of bitcoin. This strategy can serve as an indicator for other market players, but it is not without risks, especially if price weakness should continue.

By staying the course despite the storm, Strategy reaffirms a strong conviction in bitcoin’s long-term trajectory. The question remains whether the bitcoin price will eventually validate this bold bet. Between strategic discipline and increased risk exposure, the company plays a tune that will continue to fuel debate.