Strategy Extends Bitcoin Buying Streak to 12 Weeks Despite Market Downturn
Michael Saylor's Strategy continues its consecutive Bitcoin acquisition campaign for the 12th straight week, maintaining its accumulation strategy through the recent market decline.
Strategy co-founder Michael Saylor has indicated the company is maintaining its Bitcoin purchasing program for a twelfth consecutive week, even as cryptocurrency markets continue experiencing downward pressure [1].
Saylor shared Strategy's Bitcoin accumulation chart on social media platform X over the weekend, previewing what will be the firm's 99th BTC transaction. The company's latest purchase took place on February 9, acquiring 1,142 BTC for approximately $90 million [1].
Strategy now holds 714,644 BTC, currently valued at roughly $49.3 billion. This persistent accumulation contradicts predictions from some analysts who suggested the company might halt purchases or liquidate holdings during market weakness [1].
The broader crypto market has faced significant challenges following an October flash crash that pushed Bitcoin prices down more than 50% from their peak above $125,000. The decline brought BTC below Strategy's average acquisition cost of $76,000 per coin [1].
Strategy's stock experienced volatility after reporting a $12.4 billion loss in Q4, with shares initially dropping approximately 17% before partially recovering to close at $133.88 on Friday [1]. The company continues operating despite broader difficulties in the crypto treasury sector, where several firms have seen their market valuations fall below their net asset holdings.
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