Michael Saylor Signals New Bitcoin Buy Amid Market Weakness

BTC-0,39%
  • Saylor signaled another potential Bitcoin purchase after Strategy’s 100th acquisition.
  • Bitcoin’s price was trading at around $66,200, down about 20% over the past month.

Michael Saylor hinted on social media that the Strategy company is preparing to announce another Bitcoin purchase, where the MSTR stock trades near multi-month lows and Bitcoin has lost over 20% in the last 30 days

In the social media platform X, Saylor posted a usual BTC accumulation chart on March 1 with the caption “The Turn of the Century,” which indicated the Strategy, Bitcoin treasury company is set to buy another bitcoin after its 100th purchase happened in February 16, as the company purchased 592 BTC, valued at over $39.8 million, as its total holdings stands at 717,722.

While writing the article, Bitcoin is trading at $66, 252, down nearly 1% in the last 24 hours, with extended monthly losses. According to the coinglass data, BTC has liquidated $142.13 million in the past 24 hours, majorly wiped by the long positions. While the open interest rate was also reduced to 1.43%, despite the losses, Saylor has consistently used market pullbacks as accumulation opportunities, reinforcing Strategy’s long-term Bitcoin treasury approach.

Strategy Raises STRC Dividend Amid MSTR Weakness

Before hinting at BTC purchase, Saylor posted, the treasury company is raising the dividend on its STRC preferred stock, also known as “Stretch,” to 11.50% for March 2026, from the previous 11.25%

Since STRC is a perpetual preferred stock, the company is not required to repurchase it at a specific point in time. Additionally, its yield may vary each month. This allows Strategy greater freedom to raise capital without having to meet investors’ demands right now, while continuing its goal of acquiring more Bitcoin.

With that, as per Google Finance data, Strategy Inc (MSTR) stock’s current price is at $129.50, as the stock is down 2.92% today with a drop of $3.90 in value and down 62.09% over the last six months.

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