Strategy has been quietly adding to its Bitcoin pile for the 12th straight week, refusing to slow down even as prices wobble. Michael Saylor’s chart on social feed grabbed attention again, marking what the firm calls its upcoming 99th BTC trade.
The latest buy was 1,142 BTC for just over $90 million, bringing the total on the books to 714,644 BTC — a holding that’s valued at a little over $49 billion at current market rates.
Strategy Keeps BuyingCritics point to the risk of doubling down when markets slip. Supporters argue accumulation at lower prices widens the margin for long-term gains.
Signals from the wider crypto treasury sector paint a rough picture. Standard Chartered Bank warned that by September 2025 several big treasury firms were trading with an mNAV below 1 — a sign their shares were priced under the value of the assets they hold.
The crash then carved deeper losses; Strategy reported a Q4 hit of $12.4 billion, which sent its share price down about 15% at the time, though the stock has recovered some ground and closed recently at $133.80.
Bitcoin Price ActionThe market’s mood has been pushed and pulled by headlines — geopolitical worries in the Middle East nudged BTC under $78,000 briefly — and that pulled many investors back from risky bets.
Altcoins were hit harder, while the largest coin showed relative strength. Traders said the move was a mix of headline risk and a pause in fresh buyers.
What The Buying MeansThe Q4 loss and the hit to the company’s stock show how concentrated exposure can amplify pain. Balance sheets were tested across the sector. For some firms, the market’s price judgment has been unforgiving.
Featured image from Bitbo, chart from TradingView
