Strategy’s stock is trading below the value of its own Bitcoin holdings — an unusual position for a company that has built its entire identity around the cryptocurrency’s rise.
The Virginia-based firm added 17,994 BTC to its reserves last week, paying roughly $1.28 billion at an average of $70,946 per coin. It was the company’s 102nd Bitcoin purchase and the 11th straight week it has bought more.
Strategy’s total Bitcoin stash is now valued at approximately $52.65 billion, yet its market capitalization sits closer to $47 billion. The gap tells a story investors are watching closely.
Chairman Michael Saylor took to X on Thursday with a message that many read as a direct response to growing impatience. Don’t expect Bitcoin to surge immediately after a big corporate purchase, he said — the gains usually show up later.
The post spread fast, pulling in a wave of reactions — some supportive, some skeptical, and a few that referenced older memes tied to Saylor’s years of Bitcoin advocacy.
You know there’s a delay between the time we buy the Bitcoin and the time Bitcoin goes to the moon.
— Michael Saylor (@saylor) March 12, 2026
Bitcoin was trading around $70,800 at the time of writing. That price leaves Strategy sitting on approximately $3.35 billion in unrealized losses across its holdings.
The losses have not shaken Saylor’s public stance. In a recent Fox Business interview, he laid out a scenario where Strategy continues paying dividends as long as Bitcoin appreciates at least 1.25% annually.
He also said that if prices stay flat for years, the company would have roughly eight decades to rework its capital structure — a timeframe most public companies would never cite as a comfort measure.
His longer-term projection is more aggressive. Saylor has said he expects Bitcoin to grow around 30% per year over the next two decades. That outlook underpins the company’s decision to keep buying regardless of short-term price swings.
Analyst Notes Strength In Market Activity
Meanwhile, some cryptocurrency analysts flagged a recent uptick in the Coinbase Premium — a metric used to gauge spot demand among US-based buyers. Based on that view, if Bitcoin holds above $70,000, the next resistance level to watch is around $74,000-$75,000.
That figure is close to the average price Strategy paid across all of its Bitcoin purchases. For the company and many traders tracking its moves, it carries weight beyond a simple technical level. Whether the price reaches it soon — or much later, as Saylor suggests — remains to be seen.
Featured image from Gemini, chart from TradingView
[#item_full_content]NewsBTCRead MoreDirect holdings of IBIT also rose 12% to 407,890 shares, while put option exposure dropped…
Calls fell 85.2% to 148,000 underlying shares, while puts slipped 1.4% to 715,000.Read MoreCoinDesk: Bitcoin,…
The Energy Ministry enacted the year-round restriction to mitigate power capacity shortages, as energy-intensive mining…
Bitcoin Magazine Edelman Financial, Tudor Investment Reveal Significant Bitcoin Holdings Edelman Financial Engines has disclosed…
Bitcoin Magazine Abu Dhabi Sovereign Wealth Funds Keep Big Bitcoin Positions Bitcoin is the most…
Bitcoin Magazine Bitcoiners Warned After French Tax Authority Confirms Data Breach Affecting Hundreds of Thousands…