Strategy executive chairman Michael Saylor signaled that the company’s Bitcoin accumulation campaign may not be slowing anytime soon, posting a brief but loaded message on X: “Thinking about buying more Bitcoin.”
The comment comes shortly after Strategy disclosed its largest Bitcoin purchase in more than a year earlier this week. Saylor said that his firm bought 22,305 BTC for roughly $2.13 billion.
That buy, completed at an average price of $95,284 per coin, pushed the firm’s holdings to 709,715 BTC, cementing its status as the world’s biggest corporate Bitcoin owner by a wide margin.
Strategy has now accumulated approximately $53.92 billion worth of Bitcoin at an average price of $75,979, giving the company exposure to more than 3.3% of BTC’s eventual fixed supply.
No other public corporation comes remotely close to that scale. The next-biggest corporate holder of BTC is MARA Holdings with 53,250 coins on its balance sheets.
Market Reaction Turns Negative
Despite the size of the purchase and Saylor’s renewed enthusiasm, markets reacted coolly. Strategy’s stock fell more than 1% in the past 24 hours, extending its weekly decline to more than 9%.
Strategy share price performance over the past week (Source: CoinCodex)
The downturn mirrors ongoing volatility in the cryptocurrency market, where Bitcoin slipped below the $90,000 level and has struggled to reclaim it amid broader risk-off sentiment.
CoinCodex data shows that BTC trades at around $89,117 at the time of writing. This is after a 0.71% drop in the past 24 hours and a more than 7% drop on the longer-term weekly time frame.
A Return to Aggressive Accumulation
The latest post and recent buy signal a potential return to mega-scale purchases for Strategy after more than a year of smaller, incremental additions.
Strategy pioneered the corporate Bitcoin treasury movement in 2020, using a mix of operating income, stock issuance, and debt financing to expand its holdings through multiple market cycles.
Other companies have started following Strategy’s playbook to build their own Bitcoin treasuries. Some have even applied the model to smaller tokens such as Ethereum (ETH).
However, the hype around the digital asset treasury (DAT) firms has cooled substantially since the peak levels seen at the start of the year. This has led to a decline in all of the firms’ share prices. Amid this slump, Strategy has been one of the few companies to continue growing its treasury.
