MSTR declines for 8 consecutive months without fear! Michael Saylor announces additional Bitcoin purchases and a 11.5% annualized dividend increase

Strategy Founder Michael Saylor posted his signature “Bitcoin Tracker” again on Sunday with the caption “The Turn of the Century.” Based on the pattern of the past ten-plus weeks, Strategy almost always discloses a new round of accumulation the day after. Meanwhile, the company’s preferred stock STRC’s dividend was raised for the 7th time to 11.5%, while common stock MSTR hit an 8-month losing streak—stock prices under heavy pressure, but Saylor’s Bitcoin shopping cart doesn’t seem to be stopping.

(Background: Michael Saylor says “It’s time to buy more Bitcoin”! Strategy may add over $1.25 billion worth of BTC)

(Additional context: Willing to sell a kidney but not sell Bitcoin—Is Michael Saylor a genius or a complete scammer?)

Table of Contents

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• “The Turn of the Century”—Saylor signals a contrarian buy
• STRC dividend raised for the 7th time, forced to buy more to stabilize the stock price
• MSTR down 8 months in a row—Can Saylor’s big gamble hold?

MicroStrategy’s Michael Saylor posted the latest Bitcoin Tracker chart on X platform Sunday, with the caption “The Turn of the Century.” Investors familiar with Saylor’s routine know this is almost a signal that “he’s buying again tomorrow”—since November last year, Strategy has consistently announced new Bitcoin holdings the day after Saylor posts the Tracker.

“The Turn of the Century”—Saylor signals a contrarian buy

Saylor’s weekly Bitcoin Tracker chart has become a “Sunday tradition” in the crypto market. Each orange dot on the chart represents a BTC purchase. According to past patterns, Saylor usually pre-announces with a philosophical phrase—like “There aren’t enough orange dots”—and the next day, the company officially discloses the details of the increase.

This time, “The Turn of the Century” is interpreted by the market as a sign that a new buying wave is coming. Currently, Strategy holds about 717,722 BTC, with a total cost basis of around $48.19 billion. Even though Bitcoin plunged nearly 24% in February and has fallen over 50% from its October 2022 high of about $126,000, Strategy continued to buy thousands of BTC throughout February, never stopping.

The Turn of the Century. pic.twitter.com/6xiyuZrzVk

— Michael Saylor (@saylor) March 1, 2026

STRC dividend raised for the 7th time, forced to buy more to stabilize the stock price

However, behind Saylor’s bold crypto purchases, the company’s financial pressure is quietly mounting. According to CoinDesk, Strategy announced last Friday that it increased the annualized dividend rate on its perpetual preferred stock STRC (also called “Stretch”) by 25 basis points to 11.5%, marking the 7th increase since its listing last July.

Strategy describes STRC as a “short-term, high-yield savings account,” paying monthly cash dividends to holders, with the dividend rate dynamically adjusted each month to keep the stock price as close as possible to its $100 face value. Last Friday, STRC briefly dipped below $100, forcing the company to raise dividends again to boost investor confidence. Since listing 10 months ago, nearly every dividend increase has been a passive response to Bitcoin’s decline.

MSTR down 8 months in a row—Can Saylor’s big gamble hold?

The company’s common stock performance is even more severe. MSTR plunged 14% in February, marking an 8-month consecutive losing streak. During the same period, Bitcoin was around $67,167, down nearly 20%—a blow to Strategy, whose core asset is BTC.

Using significant debt and issuing preferred stock to buy Bitcoin, the leverage strategy is a tailwind in a bull market but becomes a pressure cooker in a bear market: MSTR’s stock often falls more than Bitcoin itself because the market is digesting both Bitcoin’s decline and the amplified risk from leverage. As STRC dividends continue to rise and MSTR stock price keeps falling, the market will scrutinize Strategy’s financial sustainability more closely.

But Saylor clearly doesn’t think so. While most investors panic and sell, he describes the current market as a “turn of the century” moment— for him, Bitcoin dropping to $67,000 isn’t a risk but an opportunity. Whether the market will ultimately prove him a genius or a gambler may only be revealed in the next bull run.