MicroStrategy Signals 12th Week of BTC Buying After 99th Purchase
MicroStrategy resumed aggressive Bitcoin (BTC) accumulation, marking its 12th consecutive week of purchases and its 99th recorded BTC transaction. Founder Michael Saylor shared the company’s BTC accumulation chart after MicroStrategy bought 1,142 BTC for just over $90 million, taking total holdings to 714,644 BTC (about $49.3 billion at current prices). The purchases continued despite a steep market rout that has put BTC more than 50% below its all-time high and below MicroStrategy’s reported cost basis (~$76,000 per BTC). The company reported a $12.4 billion Q4 loss and its mNAV fell to about 0.90, contributing to an approximate 17% drop in the stock price to $133.88. Market technicals show BTC trading near $68k with a downtrend and RSI around 36 (near-oversold); key supports are near $65.4k and $60k, with resistances at $70.5k and $78k. The weekly candle has recovered roughly 8% from the low. Separately, NYSE American approved options for commodity-based multi-crypto ETFs, a development that could add liquidity. Analyst commentary notes MicroStrategy’s ongoing buys may sustain spot demand and affect altcoin flows, but the firm’s sizable paper losses and weak macro conditions keep near-term volatility elevated. This summary is tailored for traders and is not investment advice.
Neutral
MicroStrategy’s continued BTC purchases are a constructive source of spot demand and may provide intermittent support to Bitcoin prices. Large, consistent buys from a visible corporate treasury can also influence market sentiment and capital flows into crypto. However, several offsetting factors limit a clearly bullish interpretation. MicroStrategy is sitting on substantial paper losses after a >50% BTC drawdown, reported a $12.4 billion Q4 loss, and has an mNAV around 0.90 — conditions that constrain its ability to raise capital or issue shares easily and could force asset actions under stress. Market technicals show BTC in a downtrend with RSI near oversold, implying short-term volatility and risk of further downside to key supports (~$65.4k, $60k). The approval of options for commodity-based multi-crypto ETFs may add liquidity over time, but its effect is gradual. Taken together, the news likely produces mixed near-term effects: episodic support from corporate buying but continued elevated volatility, so the net price impact is best classified as neutral.