MicroStrategy, the Bitcoin treasury company, is signaling further accumulation of the cryptocurrency. Co-founder Michael Saylor shared a chart of the company's Bitcoin purchase history, a move often preceding new acquisitions.
Despite a notable unrealized loss of nearly $14.5 billion on its Bitcoin holdings for the first quarter of 2026, MicroStrategy continues to add to its reserves. The company's average acquisition cost per Bitcoin is $75,644. In March alone, MicroStrategy acquired 46,233 BTC, significantly outpacing the roughly 16,200 BTC mined during the same period.
MicroStrategy holds the largest Bitcoin reserve among treasury companies, with over 766,970 BTC. This aggressive accumulation strategy contrasts with other companies in the sector, some of which have recently sold Bitcoin to manage financial flexibility.