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Saylor Reloads? Bitcoin Buy Signal Appears As BTC Nears $67K

Strategy, the corporate that has constructed its id round hoarding Bitcoin, is now sitting on paper losses — and shopping for extra anyway.

The firm’s common buy value sits at roughly $75,985 per coin, nicely above the place Bitcoin is buying and selling in the present day at round $66,850.

That hole has pushed Strategy’s internet asset worth under 1, which means the inventory is value lower than the Bitcoin it holds. It is a pointy reversal for a corporation that lengthy commanded a premium over its personal treasury.

Another Round Of Buying

Despite that, co-founder Michael Saylor posted the agency’s Bitcoin accumulation chart on X over the weekend with the message, “The Second Century Begins” — his recurring sign that one other buy is coming.

Strategy’s most up-to-date purchase got here within the last week of February, when the corporate added 3,015 cash for greater than $200 million, bringing its complete haul to 720,737 Bitcoin. At present costs, that cache is value roughly $48 billion.

Debt And Equity Keep Fueling The Buys

The firm has not paused its shopping for regardless of a broad market decline. Strategy continues to fund its purchases by way of debt and fairness choices — a mannequin that works easily when Bitcoin is climbing, however attracts tougher scrutiny when costs fall.

With its NAV now under 1, some traders are getting Bitcoin publicity at a reduction by way of the inventory, which is a dynamic that hardly ever labored in Saylor’s favor earlier than.

Data from SaylorTracker exhibits the depth of the present shortfall. The firm’s unrealized loss grows wider with every dip in Bitcoin’s value, but the agency exhibits no signal of adjusting course.

Saylor has made clear in previous statements that Strategy is just not a short-term commerce however a long-duration wager on Bitcoin as a reserve asset.

Pressure Builds Across The Bitcoin Treasury Space

Strategy is just not alone in feeling the squeeze. According to studies, the broader Bitcoin treasury sector may see consolidation in 2026, with cash-generating companies shifting to soak up corporations that merely accumulate cash with out producing income.

Wojciech Kaszycki, chief technique officer at treasury agency BTCS, mentioned corporations buying and selling under internet asset worth are beneath actual stress. Consolidating with one other participant, “typically two plus two equals six or extra,” he mentioned.

Saylor has disregarded that path. He mentioned mergers and acquisitions take too lengthy and carry an excessive amount of uncertainty, noting that offers which look engaging initially can look very completely different six to 9 months later.

Whether one other buy is confirmed stays to be seen. But if historical past is any information, the chart put up hardly ever comes and not using a submitting to observe.

Featured picture from mybrokerone.com, chart from TradingView

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