MicroStrategy co-founder Michael Saylor signaled the company is preparing for its 99th Bitcoin purchase, marking 12 consecutive weeks of accumulation despite a severe market downturn. The company’s most recent buy was 1,142 BTC for over $90 million on February 9, bringing its total holdings to 714,644 BTC valued at approximately $49.3 billion. This persistent buying occurs as Bitcoin’s price trades below the firm’s average acquisition cost.
MicroStrategy co-founder Michael Saylor signaled ongoing Bitcoin accumulation by posting the firm’s BTC purchase chart. The company is nearing its 99th transaction in a buying streak now lasting twelve weeks.
Its most recent purchase occurred on February 9, acquiring 1,142 BTC for more than $90 million. This brought MicroStrategy‘s total holdings to 714,644 BTC, worth about $49.3 billion at recent market prices.
Bitcoin’s price declined sharply following an October flash crash, falling over 50% from its all-time high above $125,000. The current price sits below MicroStrategy‘s $76,000 average cost basis per Bitcoin.
The company has continued accumulating despite the downturn, defying analyst suggestions it would pause or sell. This persistence comes amid broader distress in the crypto treasury company sector.
The multiple on net asset value, or mNAV, fell below 1 for several leading crypto treasury firms by September 2025 as stated by Standard Chartered Bank. An mNAV below 1 signals the market prices the company below its total asset holdings.
MicroStrategy reported a hefty fourth-quarter loss of $12.4 billion earlier this month. Its stock price tumbled about 17% but had recovered somewhat to close at $133.88 last Friday.
