Michael Saylor, co-founder of Bitcoin treasury company MicroStrategy, announced on Sunday that the firm is acquiring more BTC as the price hovers near $66,000.
"The Second Century Begins," Saylor stated on X, sharing a chart that signals impending Bitcoin purchases. MicroStrategy's most recent acquisition in late February saw the company buy 3,015 BTC for over $204 million, bringing its total holdings to 720,737 BTC.
Despite Bitcoin's current price being below MicroStrategy's average purchase cost of approximately $75,985 per BTC, the company continues to accumulate the cryptocurrency through debt and equity financing. This strategy persists even amidst a broad market downturn and a collapse in net asset values for treasury companies.
While some analysts predict market consolidation for crypto treasury firms in 2026, Saylor has dismissed the idea of acquiring competitors, citing financial uncertainty as a reason to avoid mergers and acquisitions.