Bitaigen Research 
In this article we compile Michael Saylor’s most recent statements on X and analyze their potential impact on the Bitcoin market. By deeply dissecting the movements of Strategy BTC’s treasury holdings, readers can understand the logic behind institutional capital allocation, identify key signals within the current price range, and grasp possible future directional cues. Please continue reading.
Saylor’s Latest Statements on X
In a recent X post, Michael Saylor wrote, “The second century has begun,” and attached a chart showing Strategy BTC’s cumulative holdings, hinting that the company may continue to increase its exposure in the Bitcoin market.
Overview of Strategy BTC’s Treasury
Strategy currently holds roughly $48 billion worth of Bitcoin, while the company’s mNAV has fallen below 1, indicating that its share price is now lower than the market value of its Bitcoin holdings.
The most recent purchase occurred at the end of February, when Strategy spent over $204 million to acquire 3,015 BTC, raising the total position to 720,737 BTC, which—based on market prices at the time of writing—equals approximately $48.1 billion.
According to data from SaylorTracker, Bitcoin’s current trading price remains about $75,985 below Strategy’s average acquisition cost.
*Strategy’s Bitcoin purchase history* (source: Michael Saylor)
Even amid a broader market downturn and a sharp contraction of the company’s net asset value (NAV), Strategy continues to accumulate Bitcoin through debt and equity financing. Its mNAV sitting slightly under 1 further highlights the price gap between the firm’s market capitalization and its Bitcoin reserves.
2026 May Bring Industry Consolidation
Bitcoin company Chief Strategy Officer Wojciech Kaczyński disclosed that the digital‑asset treasury market could enter a restructuring phase in 2026. Enterprises that operate real‑world businesses and generate cash flow may look to acquire treasury companies that merely hold Bitcoin.
“If you merge with another player, sometimes two plus two equals six—or even more. You can win faster, because in this market everyone trading below net asset value is struggling,” Kaczyński told *Cointelegraph*.
*Bitcoin holdings of treasury companies, ETFs, nations and decentralized finance wrappers* (source: Bitcoin Treasury)
He further noted that beyond simply holding the cryptocurrency, such firms can provide validation services for blockchain networks, participate in mining, issue private or public credit instruments, and even run non‑digital‑asset businesses to generate revenue.
In contrast, Saylor remains cautious about acquiring rival or distressed BTC treasury firms, viewing financial uncertainty as the primary barrier to mergers and acquisitions.
“These things often take six to nine months, sometimes a year,” he said. “An idea that looks promising at the start may no longer be a good one after six months.”
The above constitutes Saylor’s recent buying signal and a detailed interpretation of Bitcoin’s price hovering around $66,000. For further updates on Saylor’s signal and Bitcoin’s proximity to the $66 k level, stay tuned to Bitaigen’s forthcoming reports.
*Note for U.S. readers: when accessing cryptocurrency trading platforms, U.S. investors typically use Binance.US rather than the global Binance service. For fiat transfers, SEPA (for EUR) and SWIFT (for USD) remain the standard international channels.*
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