Bitaigen Research 
Yes, Michael Saylor continues to increase his exposure after Bitcoin slipped below the $125,000 mark, publicly urging investors to keep buying BTC to capture low‑price opportunities.
This purchase marks the 12th consecutive week that Strategy has added to its Bitcoin position. Even though the company’s share price has tumbled sharply, the total holding size keeps climbing.
Michael Saylor’s Latest Accumulation Move
- Bitcoin co‑founder Michael Saylor posted on X (formerly Twitter) a chart showing Strategy’s recent Bitcoin buys, which has become the signature visual for the firm’s acquisition activity.
- The chart indicates that Strategy is preparing for its 99th Bitcoin transaction.
- The most recent purchase occurred on February 9 2024, costing over $90 million to acquire 1,142 BTC, bringing the total holding to 714,644 BTC, valued at roughly $49.3 billion at that day’s market price.
The visual timeline of Strategy’s Bitcoin purchases that Saylor shared on social media further hints that the company plans to keep adding to its stash. Source: Saylortracker.com
Market Context and Strategy’s Stubborn Commitment
- The “flash crash” of October 2024 knocked Bitcoin down more than 50 % from its all‑time high of $125,000, pushing the price below Strategy’s average cost basis of $76,000.
- Contrary to the majority of analysts who recommend selling or pausing purchases when the market is in a broad decline, Strategy has persisted with buying throughout the downturn.
In this article we lay out Michael Saylor’s most recent positioning during Bitcoin’s steep correction, explain why he continues to add to his stake, and explore the possible signals this sends about market sentiment. Read on to understand the logic behind institutional positioning in times of fear and its relevance for investors.
Ongoing Strategic Accumulation
Before the October flash crash, the crypto‑custody sector was already showing signs of a mNAV (multiple of net asset value) collapse, with several custodial firms seeing their share prices slide in tandem.
- Strategy’s current mNAV has fallen below 1, now standing at 0.90 (source: Strategy).
- Standard Chartered warned that by September 2025, the price‑to‑book ratios of many leading crypto‑reserve companies could dip below 1.
Asset managers with a NAV above 1 find it easier to secure financing and issue equity, which can then be used to purchase additional crypto assets. Conversely, an mNAV under 1 signals potential valuation risk.
At the beginning of the month, Strategy reported a $12.4 billion loss for Q4 2023, triggering an almost 17 % plunge in its share price. The stock has partially recovered since, closing at $133.88 on May 10 2024.
The above constitutes the “strongest voice during market panic”: a full breakdown of why Michael Saylor continues to loudly advocate buying Bitcoin even as the price crashes. For more details on Saylor’s low‑price accumulation strategy, feel free to explore other articles on Bitaigen (比特根).
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