MicroStrategy Extends 12-Week Bitcoin Buying Streak as Saylor Signals Continued Accumulation
MicroStrategy (Strategy) signalled a 12th consecutive week of Bitcoin (BTC) purchases as CEO Michael Saylor posted the company’s accumulation chart on X, highlighting ongoing treasury buys despite recent market weakness. The company completed a recent purchase of 1,142 BTC for over $90 million, bringing MicroStrategy’s total holdings to 714,644 BTC (approximately $49.3 billion at publication prices, with BTC trading near $68,261). Saylor emphasised a long-term “HODL” approach and said the firm plans to buy Bitcoin "every quarter forever," financing purchases via its at-the-market equity program (MSTR). The buying streak continues even after a sharp market drawdown that pushed BTC below MicroStrategy’s average cost basis (~$76,000), which produced significant accounting impairment and a net loss of $12.6 billion in Q4 2025. Traders should note: the firm’s public treasury activity (tracked by Bitbo) is treated as an institutional sentiment indicator; continued accumulation during price dips can provide support under selling pressure, while equity-financed purchases add sell-side supply pressure via MSTR issuance. Key facts: 12-week buying streak, +1,142 BTC recent purchase, total 714,644 BTC, average cost basis ~$76k, Q4 2025 impairment-driven net loss $12.6B. Primary keywords: MicroStrategy, Bitcoin, BTC, Michael Saylor, accumulation.
Bullish
MicroStrategy’s continued, disciplined purchases—now a 12-week streak—serve as a persistent buy signal and institutional support for Bitcoin price action. The firm’s large weekly acquisitions, publicised treasury chart and transparent holdings (714,644 BTC) increase market visibility and can bolster sentiment, especially when buys occur during pullbacks. Historically, repeat institutional accumulation (e.g., previous MicroStrategy buying rounds, Tesla’s earlier BTC announcement) has been viewed as bullish by traders because it reduces available supply at given price levels and signals conviction. However, there are caveats: financing purchases via MSTR share issuance can introduce sell-side pressure on equity markets and indirectly affect BTC sentiment; impairment-driven accounting losses may weigh on near-term headlines. In the short term, the news may act as stability support and encourage buyers on dips, potentially limiting downside. In the medium-to-long term, sustained accumulation by a major corporate holder reinforces a bullish narrative around scarcity and institutional adoption, which can underpin higher price expectations if demand from other buyers continues. Overall, the net effect is bullish but tempered by financing mechanics and macro volatility.