If the final quarter of 2025 was a violent stress test for Michael Saylor’s conviction, the opening days of 2026 are proving to be his vindication.
While 2025 ended in a spree of liquidation fears and broken charts, the first 96 hours of 2026 have shifted the conversation from survival to dominance.
Saylor on Strategy
On the 4th of January 2026, Michael Saylor took to X, and soon after that, Strategy’s Bitcoin [BTC] exposure began circulating on X.
Source: Michael Saylor/X
The post also showed a massive $61.31 billion portfolio, a war chest that has effectively turned the enterprise software firm into a decentralized central bank.
Additionally, a chart from StrategyTracker.com in the same post further mapped the company’s massive Bitcoin treasury against the asset’s market price.
Strategy’s Bitcoin bet
If looked at closely, the graphical data also reveals a relentless “dollar-cost averaging” (DCA) machine, showing 91 distinct purchase events over the firm’s history.
Even in the final week of 2025, between the 22nd and the 28th of December, Strategy proved its appetite remained unsated, snapping up 1,229 Bitcoin for approximately $108.8 million.
That specific transaction, executed at an average price of $88,568, signaled to the market that Strategy is comfortable buying well above its $75k “green line.”
While no new transaction was officially announced in the post, the timing suggests that Strategy is preparing to break its Q4 silence and kick off 2026 with a significant acquisition.
Strategy’s Bitcoin accumulation and more
Topping the news, the scale of Strategy’s commitment has reached a level of institutional gravity that few imagined possible five years ago.
According to BitcoinTreasuries.net data, Strategy’s total BTC holdings are 672,497 BTC with an aggregate acquisition cost of $50.44 billion.
Additionally, the average cost per BTC stands at $74,997. This further coincided with statistics that serve as a stark reminder of the “leverage trap.”
In the second half of 2025, Strategy’s market value cratered by $90 billion, a staggering 66% decline, even as Bitcoin’s price remained relatively resilient.
Market reaction
The ripple effect of Saylor’s post was felt immediately across both the crypto and equity markets. Bitcoin rose to $92,557.53, a steady 1.37% climb in 24 hours, as it attempts to find firm support above the $90k mark.
Meanwhile, Strategy [MSTR] stock outpaced the underlying asset significantly, jumping 5.21% to trade at $157.16.
With $11.6 billion still available in the company’s “at-the-market” (ATM) share sale program, the market is currently pricing in a massive, imminent “Orange” buy-wall that could define the first quarter of 2026.
Final Thoughts
- Saylor enters 2026 with renewed momentum, but the scars of 2025’s $90 billion collapse still shape Wall Street’s expectations.
- The $11.6B ATM reserve is both a weapon and a warning, suggesting that dilution risk will remain a central investor concern.