Michael Saylor, co-founder of Bitcoin (BTC) treasury firm Strategy, suggested on Sunday that the company is buying more BTC as the price hovers around the $66,000 level.
“The beginning of the second century,” Thaler said on X while sharing a strategic BTC accumulation chart that has become synonymous with impending BTC purchases.
Strategy’s most recent BTC purchase took place 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, worth approximately $48.1 billion at market prices at the time of publication.
Bitcoin price is currently below Strategy’s average purchase cost of approximately $75,985 per BTC, according to SaylorTracker data.
The company continues to accumulate BTC through debt and equity financing even amid widespread market downturns and the collapse of the treasury’s net asset value (NAV).
According to the company, Strategy’s underlying NAV is just below 1, meaning it trades at a discount to its BTC treasury.
Related: Strategy increases STRC preferred dividend to 11.5% monthly for March 2026
2026 may be a year of consolidation for crypto companies, but Saylor isn’t thinking about acquisitions
Wojciech Kasicki, chief strategy officer at treasury firm BTCS, said the digital asset treasury market could consolidate in 2026 as companies with cash flow-generating businesses acquire treasury companies that only accumulate BTC.
“If you integrate with other players, two plus two can be more than six, and you can win faster, because everyone in this market is struggling because it’s trading below net asset value,” he told Cointelegraph.
Crypto-asset companies can generate revenue by providing validation services for blockchain networks, mining cryptocurrencies, providing private or public credit instruments, or starting any business not related to digital assets, he added.
Saylor cited financial uncertainty as the main reason for avoiding mergers and acquisitions, dismissing the idea of acquiring a competitor or a distressed BTC Finance company.
“These things tend to last six to nine months or even a year,” he says. “What may seem like a good idea when you start may not be a good idea six months later,” he added.
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