Michael Saylor, the co-founder of Bitcoin (BTC<\/a>) treasury company Strategy, indicated on Sunday that the company may be preparing to buy more BTC as the price hovers near the $66,000 level.\u00a0<\/p>\n \u201cThe Second Century Begins,\u201d Saylor said<\/a> on X, as he shared the Strategy BTC accumulation chart that has become synonymous with impending BTC purchases.<\/p>\n Strategy\u2019s most recent BTC purchase<\/a> occurred during the last week of February, when the company bought 3,015 BTC for more than $204 million, bringing its total holdings to 720,737 BTC, valued at about $48.1 billion using market prices at the time of publication.<\/p>\n The price of Bitcoin is currently below Strategy\u2019s average purchase cost of about $75,985 per BTC, according to data from SaylorTracker.<\/p>\n The company continues to accumulate BTC through debt and equity financing, even amid a broad market downturn<\/a> and a collapse in net asset values<\/a> (NAVs) for Treasury companies.\u00a0<\/p>\n Strategy\u2019s mNAV is just below 1, meaning the company is trading at a discount to its BTC treasury.<\/p>\n Related: <\/strong><\/em>Strategy boosts monthly STRC preferred dividend to 11.5% for March 2026<\/strong><\/em><\/a><\/p>\n The digital asset treasury market could consolidate<\/a> in 2026, as companies with operating businesses that generate cash flow will buy up treasury companies that simply accumulate BTC, according to Wojciech Kaszycki, chief strategy officer of treasury company BTCS.<\/p>\n \u201cIf you consolidate with another player, sometimes two plus two equals six or more, you can win faster, because everybody in this market trading below net asset value is struggling,\u201d he told Cointelegraph.<\/p>\n Crypto treasury companies can provide validation services for blockchain networks, mine cryptocurrencies, offer private or public credit instruments, or start any business unrelated to digital assets to generate revenue, he added.<\/p>\n Saylor has dismissed the idea<\/a> of buying up competitors or distressed BTC treasury companies, citing financial uncertainty as the main reason for avoiding mergers and acquisitions.<\/p>\n \u201cThese things tend to stretch out six to nine months or a year,\u201d he said. \u201cAn idea that looks good when you start might not still be a good idea six months later,\u201d he added. <\/p>\n Magazine: <\/strong><\/em>Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin<\/strong><\/em><\/a><\/p>\n <\/template><\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>\n![\"bitcoins](\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019ccf43-ef27-788d-a740-2eccc31ad251.jpeg\")
Bitcoins 2026 may be the year of consolidation for crypto treasury companies, but Saylor isn\u2019t buying <\/h2>\n
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