Michael Saylor is not slowing down. Strategy disclosed on Monday that it bought another 13,927 BTC last week, spending roughly $1 billion at an average price of $71,902 per coin. The purchase brings total holdings to 780,897 BTC, acquired for a cumulative $59.02 billion at an average cost basis of $75,577.

 

The announcement came just hours after Saylor posted his now-familiar "Think Bigger" message on X alongside the company's orange-dot BTC purchase history chart. For anyone who has followed Strategy closely, the post was less of a hint and more of a countdown. He has used the same signal before every major acquisition since 2020, and this time was no different.

 

Strategy raised $1 billion through sales of its STRC preferred stock product, known internally as Stretch, to finance the buy entirely. The STRC instrument requires only about a 2.05% annual Bitcoin return to cover its dividend obligations. In other words, as long as Bitcoin does not flatline or fall steadily for years on end, the math works in Saylor's favor, at least in theory.

 

Still, the numbers are not exactly comfortable right now. Strategy disclosed $14.46 billion in unrealized losses on its digital assets for the first quarter of 2026 in a recent SEC filing. With Bitcoin trading near $71,000 and the company's average cost sitting above $75,500, the bulk of its position remains underwater. Saylor has not blinked. He declared earlier this month that "Bitcoin has won" and that the traditional four-year halving cycle is essentially dead, replaced by a market now driven primarily by institutional capital flows.

 

The scale of Strategy's accumulation in 2026 is hard to ignore. The company added 89,599 BTC year-to-date through late March, compared to roughly 8,484 BTC for BlackRock's IBIT over the same period. That pace puts Strategy more than 7x ahead of the world's largest asset manager in terms of 2026 Bitcoin accumulation. The gap between the two largest holders has narrowed to around 20,000 BTC, and at the current rate, Strategy could overtake IBIT as the single largest holder before summer.

 

To put the buying pace another way: in March alone, Strategy accumulated 46,233 BTC while the entire global Bitcoin mining network produced approximately 16,200 BTC. A single company absorbed nearly three times the newly minted supply in a single month. That kind of pressure should, theoretically, move markets. But it has not, at least not consistently.

 

The question of why Strategy's purchases fail to push the price higher has become something of a standing puzzle in crypto markets. CoinDesk analysts pointed to a few reasons: Strategy accounts for only about 7% of gross inflows into Bitcoin, meaning its purchases are still relatively small against the total market. More importantly, capital has been leaving the ecosystem. Bitcoin's realized cap saw a $29 billion drawdown since February, and BlackRock's IBIT open interest dropped over $4 billion in the same window. Those outflows have largely swamped the buying pressure Strategy generates.

 

U.S.-listed spot Bitcoin ETFs did manage $1.32 billion in net inflows during March, ending four consecutive months of outflows. But price action stayed flat for the month regardless, reinforcing the point that the link between inflows and price is neither direct nor immediate. Saylor's confident framing of Bitcoin as a new form of permanent institutional capital may be accurate in the long run. Whether it holds up in 2026's choppy macro environment, with geopolitical tensions running high and BTC sitting below his average cost, remains a much harder question to answer.

 

With 780,897 BTC now on its books, Strategy controls approximately 3.7% of Bitcoin's total circulating supply of about 20 million coins. MSTR shares were down roughly 2.5% in pre-market trading on Monday following the disclosure. The stock has become a proxy for leveraged Bitcoin exposure and tends to amplify both the upside and the pain. At the current pace, Strategy could push past 800,000 BTC before the end of April. Saylor, it seems, is just getting started.

 

Former U.K. Prime Minister Boris Johnson has called Bitcoin a Ponzi scheme, claiming it has far less value than gold and even Pokémon cards, which he said are more widely recognized.

 

 

 

In a recent Daily Mail article, former UK Prime Minister Boris Johnson called Bitcoin a Ponzi scheme with no real value, saying it relied on a “supply of new and credulous investors.” He also shared the story of a friend who lost about $26,000 in a crypto investment scam.

 

Johnson shared a story about a retired man from a village in Oxfordshire who initially handed over £500 (about $661) to someone who promised to double the money through Bitcoin investments. Johnson said the man went on to invest £20,000 (around $26,450) over three and a half years but ultimately received nothing in return.

 

The former prime minister also questioned the credibility of Bitcoin, calling it “a string of numbers stored in a series of computers.” “Who can we turn to if someone decrypts the crypto?” Johnson asked. “There’s no one except Nakamoto, who might be nothing more than Pikachu or Charmander.”

 

Since the pseudonymous creator of Bitcoin, Satoshi Nakamoto, lacked institutional backing, Johnson questioned Bitcoin’s credibility as a tradable asset. According to Johnson, Pokémon cards, which fascinated children thirty years ago and still do today, are a more tradable asset than Bitcoin.

 

“These curious little Japanese cartoon beasties hold the same fascination for five-year-olds as they did 30 years ago. The kids are obsessed with them. They boast and squabble about them,” Boris said.

 

“Even if you remain pretty impervious to the charm of Pikachu, you can just about see why a decades-old Pikachu card is still a tradeable asset,” he added.

 

 

The Crypto Community Responded

While many social media users have ridiculed Boris’ understanding of cryptocurrency, some have offered clearer explanations of why Bitcoin cannot be called a Ponzi scheme.

 

Michael Saylor, founder of MicroStrategy, also sought to clarify the issue.

 

“Bitcoin is not a Ponzi scheme. A Ponzi requires a central operator promising returns and paying early investors with funds from later ones,” Saylor wrote on X.

 

“Bitcoin has no issuer, no promoter, and no guaranteed return—just an open, decentralized monetary network driven by code and market demand,” he added.

 

 

Image credit: Binance.com

 

 

Strategy, the world's largest public holder of Bitcoin, has deepened its Bitcoin bet, completing its 101st Bitcoin purchase. 

 

According to a filing made to the US Securities and Exchange Commission on Monday of this week, Strategy acquired 3,015 bitcoins for $204.1 million last week.

 

Based on information available on the US SEC website, the average purchase price for this transaction was $67,700 per BTC, below the company's average acquisition price of $75,985. With this latest purchase, Strategy now has total Bitcoin holdings of 720,737 BTC.

 

Image credit: sec.gov

Saylor’s Long-Term Bitcoin Strategy

Michael Saylor, often regarded as the Bitcoin bull, has long been one of the strongest advocates of Bitcoin's long-term value. His belief system was first made public in August 2020 when his company, Strategy, purchased 21,454 Bitcoins for about $250 million. 

 

Rather than continue holding traditional assets in its treasury, Strategy announced it would be making Bitcoin a core part of its treasury reserve. 

 

Regarding this 2020 purchase, Saylor himself said: 

 

"This investment reflects our belief that bitcoin, as the world's most widely adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash." 

 

Since that day, Strategy has steadily accumulated Bitcoin, even during bearish market seasons. 

 

To understand Strategy's stacking strategy, here is an overview of how it has accumulated Bitcoin over the last six years:

 

2020: Acquired 70,470 BTC (started Aug. 11 with the first purchase of 21,454 BTC; reached total holdings of 70,470 by Dec. 21)

2021: Acquired 53,921 BTC (total holdings reached 124,391 BTC by Dec. 30).

2022: Acquired 8,109 BTC (total holdings reached 132,500 BTC by year-end).

2023: Acquired 56,650 BTC (total holdings reached 189,150 BTC by Dec. 26).

2024: Acquired 257,250 BTC (total holdings reached 446,400 BTC by Dec. 30).

2025: Acquired 226,097 BTC (total holdings reached 672,497 BTC by Dec. 29).

2026: Has acquired 48,240 BTC, with total holdings reaching 720,737 BTC.

 

By steadily acquiring Bitcoin through open-market transactions, Strategy has cemented its position as the world's largest public holder of Bitcoin, making these purchases in a way that does not cause any short-term imbalance in the crypto market.

 

 

How the Market Reacted

Upon the announcement of this news, MicroStrategy's common stock (MSTR) experienced an uptick, jumping from $123 last Monday to $129 on Friday, a 4.7% increase. 

The biggest gain for the MSTR stock, however, occurred on Wednesday, when it rose to $135. This increase suggests renewed investor confidence in Saylor's bitcoin purchase strategy. Even in bearish market conditions, Saylor's vision for Bitcoin remains unchanged.

 

Image credit: investing.com

 

Despite experiencing sharper selling pressure in February, with its price falling 14.8% to 15% from its January closing price of $78,621, Bitcoin experienced a slight uptick in its price, rising from $64,000 last Monday to $65,000 by Friday of last week.

 

MicroStrategy Doubles Down: Michael Saylor’s Relentless Bitcoin Accumulation Strategy

MicroStrategy keeps buying Bitcoin as conviction and adoption grow

Michael Saylor and MicroStrategy have once again captured the attention of the financial world by expanding their Bitcoin holdings, reinforcing their position as the largest corporate holder of the world’s leading digital asset.

While social media celebrated another symbolic “orange dot” from Saylor’s post, the message behind it was far more significant — MicroStrategy’s commitment to buying Bitcoin remains unwavering, even amid volatile markets and shifting macroeconomic conditions.

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MicroStrategy’s Ongoing Bitcoin Accumulation

Since its first purchase in August 2020, MicroStrategy has consistently added Bitcoin to its corporate treasury, positioning itself as the model for institutional Bitcoin adoption. Under Saylor’s leadership, the company has built a reserve exceeding 640,000 BTC, valued at roughly $70 billion at current prices.

Each purchase reinforces Saylor’s long-term thesis: Bitcoin is the ultimate treasury reserve asset, superior to cash or gold in a world of currency debasement and inflation.

MicroStrategy has repeatedly used capital markets tools — including convertible notes, equity raises, and debt financing — to fund its purchases. The company’s strategy is clear and transparent: use the strength of its balance sheet to accumulate Bitcoin and hold indefinitely.

“Our strategy is simple,” Saylor has said. “Buy Bitcoin. Hold Bitcoin. Build shareholder value through Bitcoin.”

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Why MicroStrategy Keeps Buying

1. Conviction in Bitcoin as Digital Gold

Saylor believes Bitcoin represents the most sound, scarce, and secure form of money ever created. By converting cash reserves into BTC, MicroStrategy is protecting its balance sheet from inflation while aligning itself with the long-term digital asset megatrend.

2. Institutional Leadership

MicroStrategy’s approach has transformed it from a business intelligence company into a hybrid enterprise and Bitcoin holding company. This bold pivot has made Saylor a respected voice in both corporate finance and the digital asset space.

His conviction has also inspired other institutional players — from family offices to public companies — to consider similar treasury strategies.

3. Strategic Use of Capital Markets

Instead of using operational cash flow alone, MicroStrategy has leveraged the capital markets to expand its Bitcoin holdings. By issuing stock and convertible debt, the company has found innovative ways to buy more BTC without relying solely on earnings.

4. Long-Term Thinking Over Short-Term Fluctuations

MicroStrategy has held firm through multiple Bitcoin market cycles. While short-term traders often react to volatility, Saylor views each price drop as an opportunity to buy more. The firm’s average cost basis remains well below Bitcoin’s current price, reinforcing the strength of its long-term positioning.

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A Blueprint for Corporate Bitcoin Adoption

MicroStrategy’s consistent accumulation has set a precedent for how corporations can strategically integrate Bitcoin into their balance sheets. The approach has three key lessons for other businesses exploring digital assets:

• Transparency: MicroStrategy publicly discloses every purchase, building trust with investors and regulators.

• Strategic Financing: The company uses debt and equity issuance intelligently, preserving operational flexibility while expanding exposure.

• Long-Term Vision: By treating Bitcoin as a core treasury asset rather than a speculative investment, MicroStrategy positions itself for long-term value creation.

This combination of innovation and conviction has made the firm a de facto ambassador for Bitcoin in corporate America.

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The Bigger Picture: Institutional Bitcoin Momentum

MicroStrategy’s continued buying comes amid renewed institutional interest in Bitcoin. Exchange-traded funds (ETFs), payment platforms, and major banks are expanding access to crypto, signaling a maturing market.

While regulatory uncertainty still exists, the overall trend is clear — institutions are moving toward Bitcoin, and MicroStrategy’s approach is helping lead the way.

By maintaining its position through both bullish and bearish conditions, the company has proven that Bitcoin can serve as a reliable long-term store of value for corporate treasuries.

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The Road Ahead

As MicroStrategy continues to buy Bitcoin, Saylor shows no signs of slowing down. Each acquisition sends a message of confidence not just to shareholders, but to the entire crypto industry.

The company’s transformation has sparked a global conversation about how businesses can leverage Bitcoin for financial resilience and strategic advantage. And with Saylor’s relentless optimism, it’s clear that MicroStrategy’s Bitcoin journey is far from over.

“Bitcoin is the future of money,” Saylor often says. “And we plan to be there every step of the way.”

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Final Thoughts

MicroStrategy’s ongoing Bitcoin purchases represent more than just a corporate investment — they symbolize the growing alignment between traditional finance and decentralized money.

In an era where inflation erodes cash value and trust in centralized systems continues to wane, Saylor’s vision stands as both a hedge and a declaration of belief in digital freedom.

 

As MicroStrategy keeps adding to its Bitcoin treasury, it is not just holding an asset — it is helping build the foundation of a new financial era.

 

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