TLDR
- Michael Saylor published his characteristic weekend message on X, indicating Strategy plans to purchase additional Bitcoin.
- The company’s previous acquisition involved 3,015 BTC worth $204.1 million during February’s final week, priced at $67,700 each.
- Current Bitcoin reserves total 720,737 BTC, purchased at an average price of $75,985 per coin.
- STRC preferred stock trading volume reached a 2026 record of $260M on March 6.
- Bitcoin traded near $67,292 during publication, falling below Strategy’s average acquisition cost.
Bitcoin hovered near $67,500 when Michael Saylor posted to X on Sunday with a brief statement: “The Second Century Begins.” Those tracking Strategy’s buying patterns recognize this phrase — combined with the company’s characteristic BTC accumulation visualization — as a familiar indicator. A new purchase appears imminent.
Saylor has deployed this approach consistently for months. A weekend announcement appears, followed by Monday’s regulatory filing confirming the transaction. This sequence has emerged as among the more reliable indicators in cryptocurrency markets.
Strategy’s latest transaction occurred during February’s closing week. The firm acquired 3,015 BTC for approximately $204.1 million, averaging $67,700 per coin. This expanded total reserves to 720,737 BTC, representing roughly $54.77 billion in aggregate spending.
The company’s average Bitcoin acquisition cost currently stands at $75,985, based on SaylorTracker data. With BTC trading around $67,292 at publication time, Strategy’s holdings show an unrealized loss against average cost basis.
Strategy’s basic net asset value (NAV) has declined slightly below 1, indicating the stock currently trades at a discount relative to its Bitcoin treasury value. This represents a departure from the premium valuation the company enjoyed throughout most of 2024 and early 2025.
STRC Preferred Stock Activity Spikes
STRC preferred stock activity serves as one of the primary indicators preceding potential Strategy purchases. On March 6, STRC trading volume reached $260 million — marking the highest figure observed in 2026 thus far.
Market analysts interpret elevated STRC activity as evidence that capital may be assembling ahead of another BTC transaction. At-the-market offerings connected to this instrument enable investor demand to transform into deployable capital, a mechanism Strategy has employed to finance earlier bulk purchases.
Anchorage’s recent addition of STRC to its holdings brought additional institutional focus to the instrument. Any confirmed acquisition will require formal SEC filing disclosure.
Bitcoin Under Pressure From Macro Headwinds
Bitcoin’s price has encountered resistance during recent weeks. The cryptocurrency market overall has grappled with constrained liquidity and ambiguous macroeconomic circumstances.
CryptoQuant analyst Darkfost identified persistent inflation and climbing unemployment as primary factors affecting risk assets. Latest Nonfarm Payrolls figures delivered weaker-than-anticipated results, intensifying pressure on markets already navigating unclear Federal Reserve guidance.
Liquidity constraints affect financial markets broadly. BlackRock recently implemented restrictions on investor redemptions in one of its funds due to inadequate available liquidity — a development that demonstrates how challenging conditions have grown.
Throughout these circumstances, Strategy has maintained its buying program. The company finances acquisitions through debt and equity instruments rather than operating cash flows, enabling continuous accumulation independent of short-term price movements.
Saylor has also dismissed mergers or acquisitions involving competing BTC treasury firms. He explained to Cointelegraph that transaction timelines extend six to nine months or beyond, allowing conditions to evolve sufficiently to diminish deal attractiveness by closing.
Strategy maintains its position as the world’s largest corporate Bitcoin holder, with 720,737 BTC on its balance sheet.
