Michael Saylor signaled another Bitcoin buy on Sunday as the BTC price hovered near $66,000.
In a post on X, Saylor wrote, “The Second Century Begins,” while sharing the Strategy Bitcoin accumulation chart that often appears before the company reports a new purchase.
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The signal came days after Strategy disclosed its latest Bitcoin accumulation.
In the last week of February, the company bought 3,015 BTC for more than $204 million. That lifted total Strategy holdings to 720,737 BTC.
At the same time, the company’s Bitcoin treasury remained worth more than $48.1 billion based on market prices cited in the report. However, the BTC price stayed below Strategy’s average purchase cost of about $75,985 per Bitcoin, according to SaylorTracker.
Michael Saylor Bitcoin Buy Signal Follows Another Strategy Bitcoin Purchase
The latest Michael Saylor X post followed a familiar pattern.
Saylor shared the company’s chart instead of directly announcing a purchase. Even so, that chart has repeatedly appeared before fresh updates on Strategy Bitcoin buys.
The timing matters because Strategy has continued its Bitcoin accumulation during a broader market downturn.
While many companies slowed activity, Michael Saylor and Strategy kept adding to their Bitcoin treasury through debt and equity financing.
As a result, Strategy holdings remain the largest corporate Bitcoin treasury position in the market.
With 720,737 BTC, the company still holds far more Bitcoin than most other public firms that adopted similar treasury models.
Strategy Bitcoin Treasury Trades at Discount While BTC Price Stays Below Cost Basis
Another key detail is the gap between the current BTC price and Strategy’s average cost.
The report said Bitcoin traded below the company’s average purchase price of about $75,985 per BTC. That means the latest Bitcoin buy signal came while the market sat under Strategy’s cost basis.
At the same time, Strategy’s basic net asset value, or NAV, was just below 1, according to the company. In simple terms, that means the stock traded at a discount to the value of its Bitcoin treasury.
That is an important shift because Bitcoin treasury companies often trade above the value of their holdings during stronger markets.
The discount shows the pressure now facing public companies built around Bitcoin accumulation.
Even with a treasury worth more than $48 billion, Strategy traded below the value of the Bitcoin on its balance sheet. Therefore, the market gave less value to the company than to the assets it held.
Bitcoin Treasury Companies Face Consolidation Pressure as Michael Saylor Rejects Deals
The report also pointed to wider strain across the Bitcoin treasury sector. Wojciech Kaszycki, chief strategy officer at treasury company BTCS, said 2026 may become a year of consolidation for crypto treasury firms.
He said companies with real operating businesses and regular cash flow could buy treasury firms that mainly hold Bitcoin.
Kaszycki told Cointelegraph, “If you consolidate with another player, sometimes two plus two equals six or more, you can win faster, because everybody in this market trading below net asset value is struggling.”
His comment added context to the current weakness across treasury company valuations.
However, Michael Saylor said he is not focused on buying distressed rivals. He cited uncertainty around mergers and acquisitions. Saylor said,
“These things tend to stretch out six to nine months or a year.”
He then added,
“An idea that looks good when you start might not still be a good idea six months later.”
So, while others discuss consolidation, Strategy Bitcoin policy remains centered on direct Bitcoin accumulation instead of takeover deals.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: March 9, 2026 • 🕓 Last updated: March 9, 2026
