Michael Saylor signals Strategy buys more Bitcoin despite 10 percent losses in US crypto market

Despite a turbulent weekend for cryptocurrency markets, Michael Saylor appears undeterred in his bullish stance.

Over the past weekend, Bitcoin (BTC) prices fell roughly 4%, yet Saylor hinted on X that his company, Strategy, may have bought more Bitcoin, continuing what he refers to as “The Orange March.”

Saylor’s post included a chart showcasing Strategy’s massive Bitcoin purchases totaling around $52 billion since August 2020, a signal often interpreted by investors as a sign of continued confidence in BTC.

Recent Purchases and Market Conditions

Earlier this month, Strategy added to its Bitcoin holdings significantly, acquiring 17,994 BTC on March 9 and 22,337 BTC on March 16—totaling approximately $2.9 billion.

These purchases come at a time of heightened uncertainty in global markets, including fears of an energy crisis linked to escalating US-Iran tensions, which have contributed to volatility in the crypto market.

Bitcoin’s price dipped to $67,725 on Sunday before rebounding slightly to $68,100, leaving Strategy’s average purchase price of around $75,696 at a 10% loss.

Funding Methods and Challenges

Much of Strategy’s Bitcoin acquisitions have been financed through high-yield perpetual preferred stock offerings, such as Stretch (STRC), which allows investors to earn monthly dividends while the company expands its Bitcoin treasury without diluting common shares.

However, last week Strategy paused funding via STRC after failing to raise new capital.

This has sparked discussion about the sustainability of corporate Bitcoin treasuries when traditional funding channels encounter obstacles.

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Stock Performance Amid Crypto Volatility

Strategy’s stock (MSTR) reflected the challenges of the broader market, falling 6.6% last week to $135.66, wiping out some of the gains seen earlier in March.

The company has experienced a steep decline from its $434.20 all-time high, losing nearly 69% of its value since mid-2025.

Other publicly traded companies holding Bitcoin have also seen significant losses, leading some analysts to question whether corporate crypto treasuries remain a viable long-term strategy.

Impact and Consequences

Saylor’s ongoing Bitcoin purchases send a strong message to the crypto community: he remains confident in BTC’s long-term potential despite short-term losses.

For investors, this could bolster confidence in Strategy’s approach, even as the company faces temporary mark-to-market losses.

However, reliance on alternative funding methods like perpetual preferred stock could create challenges if investor appetite slows, potentially limiting Strategy’s ability to continue buying BTC at scale.

The volatility in Bitcoin markets also exposes Strategy and similar companies to heightened risk, particularly during periods of geopolitical tension and broader economic uncertainty.

What’s Next?

Investors and market watchers will be watching for confirmation of additional BTC purchases and whether Strategy can secure new funding channels.

The company’s stock performance in the coming weeks may also signal how the market perceives the long-term viability of corporate crypto treasuries.

Analysts will also monitor macroeconomic and geopolitical events, including the US-Iran tensions, as these could influence both Bitcoin prices and investor sentiment.

Summary

Even as Bitcoin faces a market dip, Michael Saylor and Strategy appear committed to expanding their BTC holdings.

The company’s average cost per Bitcoin has put them temporarily in the red, but Saylor’s messaging suggests continued confidence.

Meanwhile, stock performance and funding challenges highlight the risks of corporate crypto treasuries in volatile markets.

Bulleted Takeaways

• Michael Saylor hints that Strategy may have purchased more Bitcoin amid recent market losses
• Strategy holds roughly $52 billion worth of Bitcoin since 2020
• Recent purchases totaled 40,331 BTC (~$2.9 billion) in March 2026
• Bitcoin fell 4% over the weekend, leaving Strategy down over 10% on average cost
• Funding through STRC preferred stock has paused due to lack of fresh capital
• Strategy (MSTR) shares dropped 6.6% last week, erasing recent gains
• Other corporate Bitcoin treasuries have also suffered losses, raising sustainability questions
• Geopolitical tensions and market volatility remain key risk factors for crypto investments