Strategy Buys 3,015 BTC, Holdings Hit ₱2.84 trillion ($48 billion)
Co-founder Michael Saylor signaled a Bitcoin purchase Sunday on X with a post reading 'The Second Century Begins,' as Strategy faces pressure from trading below net asset value like other treasury companies.
Key Takeaway
Strategy keeps buying despite trading below NAV while smaller treasury firms face merger pressure.
Strategy bought 3,015 BTC for ₱12.07 billion ($204 million) in the last week of February, bringing total holdings to 720,737 Bitcoin worth ₱2.86 trillion ($48.4 billion).
Co-founder Michael Saylor signaled the purchase Sunday on X with a post reading 'The Second Century Begins.' The firm now holds Bitcoin at an average cost of $75,985 per coin, above the current price near $66,000.
Strategy trades below its net asset value, a red flag for Bitcoin treasury companies facing consolidation pressure. BTCS Chief Strategy Officer Wojciech Kaszycki said 2026 may be the year smaller players merge to survive, with consolidation potentially resulting in compound value gains because every company trading below net asset value is struggling.
Saylor explained why Strategy avoids mergers despite the trend. These things tend to stretch out six to nine months or a year, he said. An idea that looks good when you start might not still be a good idea six months later.
Strategy raised ₱1.18 trillion ($20 billion) of its $42 billion 21/21 Plan target in three months following Trump's November 2024 election win. The plan aims to boost annual Bitcoin yield from 6% to 10% through common stock offerings and fixed-income securities, with the firm boosting its STRC preferred dividend to 11.5% for March 2026.
This article was written based on reporting from Cointelegraph.
