TLDR
- Michael Saylor posted his signature weekend signal on X, suggesting Strategy is about to buy more Bitcoin.
- Strategy last bought 3,015 BTC for $204.1 million in the final week of February, at $67,700 per coin.
- Total holdings now stand at 720,737 BTC, acquired at an average cost of $75,985 per Bitcoin.
- Strategy’s STRC preferred stock hit a 2026 trading volume record of $260M on March 6.
- Bitcoin was trading around $67,292 at the time of writing, below Strategy’s average purchase price.
Bitcoin was sitting just under $67,500 when Michael Saylor took to X on Sunday with three words: “The Second Century Begins.” For anyone who has followed Strategy closely, that phrase — paired with the company’s familiar BTC accumulation chart — is a well-worn signal. Another purchase is likely coming.
The Second Century Begins. pic.twitter.com/stZzNhLgay
— Michael Saylor (@saylor) March 8, 2026
Saylor has used this playbook for months. A weekend post drops, and by Monday, a regulatory filing confirms the buy. It has become one of the more predictable patterns in crypto markets.
Strategy’s most recent purchase came in the last week of February. The company picked up 3,015 BTC for roughly $204.1 million, paying an average of $67,700 per coin. That brought total holdings to 720,737 BTC, acquired for approximately $54.77 billion in total.
The company’s average cost per Bitcoin now sits at $75,985, according to data from SaylorTracker. With BTC trading around $67,292 at time of writing, Strategy is currently underwater on its average cost basis.
Strategy’s basic net asset value (NAV) has slipped just below 1, meaning the stock is currently trading at a discount to the value of its Bitcoin treasury. That’s a shift from the premium the company commanded for much of 2024 and early 2025.
STRC Preferred Stock Activity Spikes
One of the more closely watched signals around any potential Strategy purchase is activity in its STRC preferred stock. On March 6, STRC trading volume hit $260 million — the highest level recorded so far in 2026.
Analysts view elevated STRC activity as a sign that capital could be forming ahead of another BTC acquisition. At-the-market offerings tied to the instrument allow investor demand to convert into usable capital, a structure Strategy has used to fund previous large purchases.
Anchorage recently added STRC to its portfolio, which added further institutional attention to the instrument. For now, any confirmed purchase will only come through an official SEC filing.
Bitcoin Under Pressure From Macro Headwinds
Bitcoin’s price has faced headwinds over recent weeks. The broader crypto market has struggled with tight liquidity and uncertain macroeconomic conditions.
CryptoQuant analyst Darkfost pointed to sticky inflation and rising unemployment as key factors weighing on risk assets. Recent Nonfarm Payrolls data came in worse than expected, adding pressure to markets already dealing with a murky Federal Reserve outlook.
Liquidity remains strained across financial markets broadly. BlackRock recently moved to limit investor withdrawals in one of its funds due to insufficient available liquidity — a detail that illustrates how tight conditions have become.
Despite all of this, Strategy has continued buying. The company funds acquisitions through debt and equity financing, not operating cash flows, which lets it keep accumulating regardless of short-term price action.
Saylor has also ruled out mergers or acquisitions of rival BTC treasury companies. He told Cointelegraph that deal timelines stretch six to nine months or longer, and that conditions can shift enough to make a deal look worse by the time it closes.
Strategy remains the largest corporate holder of Bitcoin globally, with 720,737 BTC on its balance sheet.
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