MicroStrategy’s chairman Michael Saylor has signaled the company will continue its aggressive Bitcoin accumulation strategy regardless of market conditions. The firm has made 103 purchases, amassing over 761,000 BTC, though its average purchase price of approximately $75,696 currently places its $52.36 billion holdings at an unrealized loss. Despite retail fear and Bitcoin trading around $68,578, the company’s approach remains focused on long-term ownership of the asset.
In a recent post on X, MicroStrategy’s executive chairman Michael Saylor hinted the firm plans to continue accumulating Bitcoin, simply stating, “The Orange March Continues.” The company raises capital through methods like selling shares to fund its ongoing Bitcoin purchases.
This strategy aims to collect a significant portion of Bitcoin’s limited supply. It demonstrates a strong belief in Bitcoin as a long-term asset, even amidst market uncertainty.
Market conditions currently reflect strong fear, with Bitcoin hovering near $68,578. The Crypto Fear & Greed Index remains firmly in the “extreme fear” zone.
Many traders are betting on Bitcoin’s price dropping below $45,000 this year. Yet, MicroStrategy continues its buying without hesitation.
The company’s 103 purchases have accumulated 761,068 BTC. Its aggressive buying at higher levels results in an average purchase price of around $75,696.
MicroStrategy stock is trading at $135.66 at press time, according to data. Analysis of MSTR stock options shows a concentration of put bets between $80 and $110, suggesting perceived support.
Simultaneously, larger call bets exist between $140 and $160. Analysts believe the company could hold more Bitcoin than the estimated Satoshi Nakamoto stash by March 2027.
