Michael Saylor posted "Think bigger" on X on Sunday, sharing the chart of Strategy's 105 Bitcoin purchases. The market knows what this means. Every similar post in the past came just before an official announcement of a new BTC acquisition.
Pullback from $73K triggers another signal
Strategy's last confirmed deal was April 6: 4,871 BTC for $329.8 million. A week later Bitcoin briefly touched $73,000 before pulling back. The company has stepped up buying on every pullback since August 2020. That is 105 transactions across six years of bull and bear markets alike.
Buying nearly three times the monthly mining output
Miners produced around 16,200 new coins in March 2026. Strategy bought 46,233 BTC that same month, nearly three times the entire new supply. At that pace, available Bitcoin tightens regardless of where prices stand.
The second-largest corporate holder, Twenty One Capital, owns 43,514 BTC. The gap between first and second place is more than 17 times.
Paper losses at $14.5B, zero sales
Strategy reported a $14.5 billion unrealized loss in its Q1 2026 SEC filing. The average cost basis is $75,644 per coin, while the market trades below that today. The company has not sold a single BTC in six years.
Saylor put it plainly in April. "The global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows."
What the market is watching for
The market is now waiting for an official press release from Strategy. Based on past patterns, announcements follow within 3-5 days of a signal post. A purchase near $71,000 would slightly lower the average cost of the entire 767K position. Anyone planning to sell Bitcoin for hryvnia or buy ahead of a potential price move is watching Strategy's next announcement closely.
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