Michael Saylor, co-founder of strategic bitcoin (BTC) treasury company, indicated on Sunday that the company is buying more BTC as the price hovers near the $66,000 level.
“The Second Century Begins”, Saylor he said on X, sharing the Strategy BTC accumulation chart that has become synonymous with upcoming BTC purchases.
Strategy’s most recent BTC purchase occurred in the last week of February, when the company purchased 3,015 BTC for over $204 million, bringing its total holdings to 720,737 BTC, valued at approximately $48.1 billion at market prices at the time of publication.
According to data from the Bitcoin website, Bitcoin’s price is currently lower than Strategy’s average purchase cost of approximately $75,985 per BTC. SaylorTracker.
The company continues to raise BTC through debt and equity financing, even in the face of a broad market downturn and a collapse in net asset value (NAV) of treasury companies.
According to the company, the strategy’s underlying NAV is just under 1, which means it is trading at a discount to its BTC vault.
Related: Strategy raises STRC monthly preferred dividend to 11.5% for March 2026
2026 could be a year of consolidation for cryptocurrency companies, but Saylor isn’t buying
According to Wojciech Kaszycki, chief strategy officer of treasury company BTCS, the digital asset treasury market may consolidate in 2026 as companies with cash flow generating activities will buy out treasury companies that simply accumulate BTC.
“If you consolidate with another player, sometimes two plus two equals six or more, you can win faster because everyone in this market who is trading below net asset value is struggling,” Cointelegraph said.
He added that cryptocurrency treasury companies can provide blockchain network validation services, mine cryptocurrencies, offer private or public credit facilities, or start any non-digital asset business to generate revenue.
Saylor rejected the idea of buying out competitors or troubled BTC treasury companies, citing financial uncertainty as the main reason for avoiding mergers and acquisitions.
“These cases usually take six to nine months or a year,” he said. “An idea that looks good at the beginning may not be a good idea after six months,” he added.
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