Michael Saylor, co-founder of Bitcoin (BTC) Strategy trading firm, noted on Sunday that the firm is buying more BTC as the price hovers near $66,000.
“The second century is about to begin,” said Saylor at X as he shared a BTC strategy rally chart that has become synonymous with the upcoming BTC buy.
The latest BTC purchase in the strategy took place in the last week of February, when the company bought 3,015 BTC worth more than $204 million, bringing its total assets to 720,737 BTC, which is worth about $48.1 billion using market prices at the time of publication.
According to SaylorTracker, the price of Bitcoin is currently below the Strategy’s average purchase price of about $75,985 per BTC.
The company continues to raise BTC through debt and equity financing, even amid a broad market downturn and declining net asset values (NAVs) for treasury firms.
According to the company, the underlying NAV of the Strategy is just under 1, which means it is trading at a discount to its BTC holdings.
related to: Strategy Increases STRC’s Monthly Dividend to 11.5% for March 2026
2026 may be the year of consolidation for crypto treasury firms, but Saylor isn’t buying
The digital asset treasury market may consolidate in 2026 as companies with operating businesses that generate cash flow buy treasury companies that collect only BTC, according to Wojciech Kaszicki, chief strategy officer at treasury firm BTCS.
“If you team up with another player, sometimes two plus two equals six or more, you can win faster because everyone in this market is fighting below net asset value,” he told Cointelegraph.
Crypto treasury companies can provide blockchain network validation services, mine cryptocurrencies, provide private or public debt instruments, or start any business related to digital assets to generate revenue, he added.
Saylor dismissed the idea of buying competitors or BTC treasury companies, citing financial uncertainty as the main reason for avoiding mergers and acquisitions.
“These things usually take six to nine months or a year,” he said. “An idea that seems good when you start may not be a good idea six months from now,” he said.
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