Michael Saylor hints at upcoming Bitcoin acquisition with BTC trading around $66K
At present, Strategy's Bitcoin holdings are worth more than $48.4 billion, though the company is currently trading below its net asset value of 1, representing a discount.
On Sunday, Michael Saylor, who co-founded the Bitcoin (BTC) treasury firm Strategy, suggested that the company is preparing to acquire additional BTC, with the cryptocurrency's price hovering around the $66,000 mark.
Posting on X, Saylor declared "The Second Century Begins," while simultaneously publishing Strategy's BTC accumulation chart, which has become a familiar indicator of forthcoming BTC acquisitions.
The most recent Bitcoin purchase by Strategy took place in the final week of February, during which the firm acquired 3,015 BTC for a sum exceeding $204 million, pushing its aggregate holdings to 720,737 BTC, which is worth approximately $48.1 billion based on current market valuations at the time of writing.
Currently, Bitcoin's market price sits beneath Strategy's average acquisition cost of approximately $75,985 per BTC, as reported by SaylorTracker data.
Despite a widespread market downturn and a significant decline in net asset values (NAVs) affecting Treasury companies, the firm persists in accumulating BTC via both debt and equity financing mechanisms.
According to the company's own calculations, Strategy's basic NAV stands marginally under 1, indicating that it is currently trading at a discount relative to its BTC treasury holdings.
2026 may be the year of consolidation for crypto treasury companies, but Saylor isn't buying
According to Wojciech Kaszycki, chief strategy officer at treasury firm BTCS, the digital asset treasury sector might experience consolidation throughout 2026, with companies possessing operational businesses that generate cash flow potentially acquiring treasury companies focused solely on BTC accumulation.
"If you consolidate with another player, sometimes two plus two equals six or more, you can win faster, because everybody in this market trading below net asset value is struggling," he told Cointelegraph.
According to him, crypto treasury companies have various options for generating revenue, including providing validation services for blockchain networks, engaging in cryptocurrency mining operations, offering private or public credit instruments, or launching any business venture unrelated to digital assets.
However, Saylor has rejected the notion of acquiring competitors or financially troubled BTC treasury companies, pointing to financial uncertainty as his primary justification for steering clear of mergers and acquisitions.
"These things tend to stretch out six to nine months or a year," he said. "An idea that looks good when you start might not still be a good idea six months later," he added.