Michael Saylor Hints at Fresh Bitcoin Buy as BTC Dips Below Strategy’s Cost Basis

Strategy Signals Another Bitcoin Accumulation

Strategy co-founder and executive chairman Michael Saylor has once again hinted at adding more Bitcoin to the company’s balance sheet after a sharp weekend sell-off briefly pushed BTC below the firm’s average purchase price.

Saylor posted “More Orange” on X alongside a chart tracking Strategy’s Bitcoin acquisitions — a phrase he routinely uses to signal fresh buys or upcoming accumulation.

If confirmed, the move would mark Strategy’s fifth Bitcoin purchase of 2025.

Bitcoin Drop Tests Strategy’s Cost Basis

Bitcoin tumbled more than 13% over the weekend, falling from $87,970 to $75,892 at its lowest point.

That dip temporarily pushed the price below Strategy’s cost basis of $76,040, putting its massive holdings into unrealized loss territory for a brief period before a rebound lifted BTC back to around $76,765.

Despite the short-lived drawdown, Strategy remains the largest corporate Bitcoin holder globally, managing:

• 712,647 BTC

• Roughly $55 billion in cumulative purchases

• A multi-year average acquisition strategy dating back to August 2020

Earlier buys at significantly lower prices have kept the company largely profitable over the long term.

Recent Purchase History

Strategy has maintained an aggressive accumulation pace this year. Its biggest 2025 buy came on Jan. 20, when the firm added 22,305 BTC in a single transaction.

Saylor has consistently framed volatility as an opportunity rather than a risk, often stepping in during corrections to increase exposure.

Here’s the direct source post from Saylor:

https://x.com/saylor/status/2017963281856545191

Why Did Bitcoin Fall?

The latest market downturn followed a political development that rattled investors.

U.S. President Donald Trump nominated former Federal Reserve governor Kevin Warsh to replace Jerome Powell as Federal Reserve chair, a move that markets interpreted as potentially hawkish for monetary policy.

Warsh is viewed as:

• Favoring tighter fiscal discipline

• Focused on lowering inflation

• Supportive of scaling back quantitative easing

While he has expressed openness toward Bitcoin in the past, traders appeared concerned that stricter policy could reduce liquidity across risk assets.

The reaction wasn’t limited to crypto:

• Gold and silver dropped sharply after recent multi-month highs

• The S&P 500 slipped roughly 0.43%

Sentiment Slumps Across Crypto Markets

Broader crypto sentiment has also weakened.

Former Binance CEO Changpeng “CZ” Zhao said he’s now less confident about the “Bitcoin supercycle” narrative he floated earlier.

Speaking during a Binance Square AMA, Zhao cited rising fear, uncertainty, and emotional trading across the market.

Meanwhile, the Crypto Fear & Greed Index fell:

• Down 6 points

• Now at 14/100

• Lowest level in more than a month

Such readings typically indicate extreme fear, which some long-term investors interpret as a potential accumulation zone.

What It Means for Strategy and the Market

For Strategy, short-term volatility has rarely changed its playbook. The firm has repeatedly used price dips to expand its Bitcoin treasury, reinforcing Saylor’s thesis that BTC is a long-term store of value.

If this latest signal translates into another purchase, it would further cement Strategy’s position as the most aggressive institutional Bitcoin accumulator in the market.

For traders, however, macro uncertainty and tightening liquidity could keep volatility elevated in the near term.

See all our insights: Bitcoin World News