The purchase will mark week 12 of consecutive buys by Strategy, which continues accumulating $BTC despite a sharp decline in the company's stock price.
Michael Saylor, the co-founder of #bitcoin (BTC) treasury company Strategy, indicated that the firm is buying more BTC amid the ongoing market dip, marking the 12th week of consecutive purchases.
Saylor posted the Strategy BTC accumulation chart on X on Sunday. The chart has become synonymous with the company's BTC purchases, as it touts its upcoming 99th BTC transaction.
Strategy’s most recent BTC purchase occurred on Feb. 9, when the company bought 1,142 $BTC for more than $90 million, bringing its total holdings to 714,644 BTC, valued at about $49.3 billion at market prices as of publication.
Bitcoin and the broader crypto markets declined sharply following a flash crash in October that caused the price of BTC to decline by over 50% from the all-time high above $125,000 and below Strategy’s $76,000 cost basis, its average price of acquisition per $BTC
The company has continued to accumulate amid the market downturn, defying analyst suggestions that Strategy would dump its Bitcoin holdings or pause accumulation in the event of a market-wide downturn.
Strategy continues to accumulate
Even before October’s flash crash caused a market downturn, the crypto treasury sector was showing signs of collapse, with many treasury companies recording sharp declines in their stock prices and a collapse of mNAV, or multiple on net asset value, a critical metric for crypto treasury companies.
The multiple on net asset value, or the premium added to a company’s stock above its net asset holdings, fell below 1 for several leading crypto treasury companies by September 2025, #StandardChartered Bank warned.
Treasury companies with an mNAV above 1 have easier access to financing and stock issuance to buy more crypto.
Conversely, mNAV values below 1 signal potential trouble for these companies, as market participants price them below their total assets.
Strategy earlier this month reported a Q4 loss of $12.4 billion, sending the company’s stock price tumbling by about 17%. The shares have recovered some of that decline in recent days, closing on Friday at $133.88.
This article is my own research, it is good to do your own research before performing any action.
