TLDR
- Michael Saylor shared his characteristic weekend message on X, indicating Strategy may be preparing to acquire additional Bitcoin.
- The company’s previous acquisition involved purchasing 3,015 BTC for $204.1 million during February’s final week at $67,700 each.
- Current Bitcoin holdings total 720,737 BTC, purchased at an average price of $75,985 per unit.
- STRC preferred stock experienced record 2026 trading volume of $260M on March 6.
- At press time, Bitcoin traded near $67,292, positioning Strategy below its average acquisition cost.
Bitcoin hovered around $67,500 when Michael Saylor posted to X on Sunday with a brief message: “The Second Century Begins.” Those familiar with Strategy’s operations recognize this phrase — accompanied by the company’s characteristic BTC holdings chart — as a telltale indicator. An acquisition appears imminent.
Saylor has deployed this strategy repeatedly over recent months. A weekend social media post appears, followed by Monday’s regulatory disclosure confirming the transaction. This pattern has become among the most reliable indicators in cryptocurrency markets.
The company’s latest transaction occurred during February’s closing week. Strategy acquired 3,015 BTC for approximately $204.1 million, averaging $67,700 per unit. This addition elevated total reserves to 720,737 BTC, representing roughly $54.77 billion in aggregate expenditure.
According to SaylorTracker data, the company’s average Bitcoin acquisition cost stands at $75,985. With BTC currently trading around $67,292, Strategy’s portfolio shows an unrealized loss based on average cost.
Strategy’s fundamental net asset value (NAV) has dropped marginally below 1, indicating the stock trades at a discount relative to its Bitcoin treasury value. This represents a notable departure from the premium valuation the company enjoyed throughout most of 2024 and early 2025.
STRC Preferred Stock Activity Spikes
Market observers closely monitor STRC preferred stock activity as a potential indicator of forthcoming Strategy purchases. On March 6, STRC registered $260 million in trading volume — establishing a new 2026 high.
Market analysts interpret elevated STRC activity as evidence that capital may be accumulating before another BTC transaction. At-the-market offerings connected to this instrument enable investor appetite to transform into deployable capital, a mechanism Strategy has leveraged for prior significant acquisitions.
Anchorage’s recent addition of STRC to its holdings has intensified institutional focus on the instrument. Until an official SEC filing emerges, any purchase remains unconfirmed speculation.
Bitcoin Under Pressure From Macro Headwinds
Bitcoin’s price has encountered resistance throughout recent weeks. The wider cryptocurrency sector has grappled with constrained liquidity and ambiguous macroeconomic dynamics.
CryptoQuant analyst Darkfost identified persistent inflation and climbing unemployment as primary factors pressuring risk-oriented assets. Latest Nonfarm Payrolls figures underperformed expectations, compounding pressure on markets already navigating Federal Reserve policy uncertainty.
Liquidity constraints affect broader financial markets comprehensively. BlackRock recently implemented restrictions on investor redemptions in one fund due to inadequate liquid assets — a development highlighting current market tightness.
Despite these challenges, Strategy maintains its acquisition program. The company finances purchases through debt and equity instruments rather than operational cash generation, enabling continued accumulation independent of near-term price movements.
Saylor has dismissed potential mergers or acquisitions involving competing BTC treasury entities. He informed Cointelegraph that transaction timelines typically extend six to nine months or beyond, during which market conditions can shift sufficiently to deteriorate deal economics by closing.
Strategy maintains its position as the world’s largest corporate Bitcoin holder, with 720,737 BTC recorded on its balance sheet.
