Strategy Prepares Fresh Bitcoin Purchase as Crypto Markets Tumble
Strategy's forthcoming acquisition represents its 12th straight week of Bitcoin purchases, maintaining its BTC accumulation strategy even as the firm's shares experience significant losses.
Strategy co-founder Michael Saylor has indicated the Bitcoin (BTC) treasury firm is preparing to acquire additional BTC during the current market downturn, extending the company's buying streak to 12 consecutive weeks.
On Sunday, Saylor shared Strategy's BTC accumulation chart on the X social media platform. The chart, which has become a recognizable signal for the company's Bitcoin buying activity, previews the firm's upcoming 99th BTC acquisition.
The most recent Bitcoin acquisition by Strategy took place on Monday, with the company purchasing 1,142 BTC at a cost exceeding $90 million. This transaction elevated the firm's total BTC reserves to 714,644 BTC, representing approximately $49.3 billion in value based on current market pricing at press time.
The broader cryptocurrency markets, including Bitcoin, experienced severe declines following an October flash crash that drove BTC prices down more than 50% from its record peak above $125,000, falling beneath Strategy's $76,000 average acquisition cost basis per BTC.
Despite the ongoing market correction, the company has maintained its accumulation strategy, contradicting analyst predictions that Strategy might liquidate its Bitcoin reserves or halt purchases during a widespread market decline.
Strategy maintains accumulation strategy amid crypto treasury sector turbulence
Prior to the October flash crash that triggered the market correction, the crypto treasury industry was already exhibiting warning signs of instability, with numerous treasury firms experiencing dramatic stock price deterioration and a breakdown in mNAV, or multiple on net asset value, a crucial performance indicator for crypto treasury operations.
According to Standard Chartered Bank's warning, the mNAV metric—representing the premium applied to a company's stock price relative to its underlying net asset holdings—dropped below 1 for multiple prominent crypto treasury firms by September 2025.
Companies maintaining an mNAV above 1 enjoy more favorable access to capital financing and stock issuance mechanisms for purchasing additional cryptocurrency holdings.
In contrast, mNAV readings below 1 indicate potential difficulties for these organizations, as the market values the company at less than the aggregate assets under its control.
Earlier this month, Strategy disclosed a Q4 loss totaling $12.4 billion, triggering a roughly 17% plunge in the company's share price. The stock has since clawed back a portion of those losses over recent trading sessions, finishing Friday's session at $133.88.