Michael Saylor, the executive chairman of Strategy, has hinted at another Bitcoin (BTC) purchase for the company, despite the cryptocurrency market’s recent downturn.
In a post on X, Saylor shared a chart depicting Strategy’s significant Bitcoin acquisitions since August 2020, totaling approximately $52 billion. The chart, often shared by Saylor, is widely interpreted as a bullish signal for Bitcoin investors.
Adding to Strategy’s Bitcoin Stash
This potential buy would come on the heels of Strategy’s substantial Bitcoin acquisitions this month, including 17,994 BTC on March 9 and 22,337 BTC on March 16, amounting to $2.9 billion in Bitcoin. The move underscores Saylor’s continued commitment to Bitcoin, even as the market faces volatility.
Market Turmoil and Corporate Impact
Bitcoin prices fell 4% to $67,725 on Sunday, partially recovering to $68,100. With Strategy’s average cost per Bitcoin at around $75,696, the company is currently down more than 10% on its Bitcoin investments, according to BitcoinTreasuries.
The market downturn is not just affecting Strategy. Heightened military tensions between the U.S. and Iran have sparked fears of a prolonged energy and oil crisis, adding to the market’s volatility.
Strategy’s Funding Challenges
Strategy has been funding its Bitcoin purchases through high-yield perpetual preferred stock offerings, such as Stretch (STRC), which provides monthly dividends to investors while the company grows its Bitcoin treasury without diluting MSTR common shares. However, the company halted funding through STRC last week after failing to raise fresh capital from the preferred stock.
Market Performance and Future Outlook
Despite the recent downturn, Strategy (MSTR) shares had been one of the top performers in the U.S. stock market from January 2023 to July 2025, but have since fallen 68.7% from their all-time high of $434.20.
Analysts remain divided on the long-term prospects of corporate Bitcoin treasuries. While some doubt the sustainability of such strategies, others, like Saylor, remain bullish, citing Bitcoin’s potential as a hedge against inflation and geopolitical risks.
As the market continues to fluctuate, the future of corporate Bitcoin investments remains uncertain. However, Saylor’s unwavering commitment to Bitcoin suggests that Strategy will continue to play a significant role in the cryptocurrency landscape.
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