Michael Saylor signaled that Strategy is set to buy more bitcoin as markets continue to sell off.
On Sunday, Saylor posted the firm’s bitcoin accumulation chart on X, a recurring teaser that has preceded prior purchases.
The post points to what would be Strategy’s 99th bitcoin transaction.
Buying streak extends
Strategy’s latest purchase was on Monday, when it bought 1,142 BTC for more than $90 million.
That lifted its holdings to 714,644 BTC, valued at about $49.3 billion at the time of publication.
Strategy’s historical holdings are tracked on Bitbo’s Strategy treasury page.
Bitcoin drawdown after October crash
The signal comes after a sharp market decline following an October flash crash.
The move also pushed BTC below Strategy’s reported $76,000 average cost basis.
Bitcoin’s broader drawdown context can be viewed on Bitbo’s price drawdown from all-time high chart.
Treasury sector pressure and mNAV
Cointelegraph said the crypto treasury sector showed strain even before the crash, with multiple firms seeing their multiple on net asset value (mNAV) fall below 1.
Standard Chartered warned in September 2025 that several leading crypto treasury companies had dropped under that threshold, which can make financing and stock issuance harder.
Strategy earlier this month reported a Q4 loss of $12.4 billion, sending shares down about 17%.
The stock later recovered some of the drop, closing Friday at $133.88.
Strategy stock performance versus bitcoin can be compared on Bitbo’s MSTR vs BTC page.
Saylor has continued buying despite speculation the firm could pause accumulation or sell holdings during a broad downturn.
