Michael Saylor signals Strategy will buy the Bitcoin dip

Key takeaways

• Saylor signaled that Strategy is preparing to buy more Bitcoin with price near $117,000 after a record above $124,000.
  
• The company’s latest disclosed buy was 155 BTC for $18 million on Monday, lifting total holdings to 628,946 BTC valued above $74 billion.
  
• Trackers show Strategy sits on more than 60% unrealized gain, roughly $28 billion, despite the pullback.
  
• Strategy is widely used as a public market proxy for Bitcoin exposure by investors who cannot or prefer not to hold coins directly.
  
• Saylor says he is not worried about altcoin treasury firms and believes most capital continues to flow to Bitcoin.
  

Saylor hints at fresh buys as Bitcoin cools from record highs

Strategy co-founder Michael Saylor indicated that the company is ready to add to its Bitcoin position with spot prices hovering near $117,000 after setting a new all-time high above $124,000 last week. His remarks align with a pattern of buying on weakness that has defined Strategy’s playbook since it began accumulating Bitcoin in 2020.

The signal arrived only days after Strategy disclosed a 155 BTC purchase for about $18 million, taking its treasury to 628,946 BTC. At current prices, that stash is valued at more than $74 billion.

Despite the latest pullback from record levels, Strategy is still sitting on unrealized profit estimates of roughly $28 billion. The magnitude underscores how the firm’s aggressive 2024 and 2025 buying spree transformed its balance sheet into the largest corporate Bitcoin treasury on record.

Saylor’s buy-the-dip posture also reflects the way Strategy funds expansion. The company has relied on a mix of convertible debt and equity issuance to scale its holdings, creating a leveraged proxy on the Bitcoin price that can outperform in bull markets and underperform in drawdowns. Analysts often describe Strategy as a prominent alternative for investors seeking listed Bitcoin exposure, which helps explain why trading in its shares frequently amplifies spot market moves.

Why Strategy still dominates the corporate Bitcoin trade

By mid-August, Strategy’s position stood near 629,000 BTC, more than any other public company and larger than the combined holdings of many peers. Recent disclosures show the firm accelerated purchases after the November 2024 U.S. election, adding over 376,000 BTC in nine months. That pace contrasted with the prior four years in which it took far longer to assemble its first 252,000 coins.

Supporters view the model as a bridge for institutions constrained by mandates and for retail investors who prefer equity market access. This explains why Strategy often trades at a premium to the spot value of the Bitcoin it holds. Critics caution that the premium and the funding structure can introduce extra volatility, especially if the market turns lower.

Saylor has also addressed the emergence of altcoin treasury firms. In recent interviews he said he remains laser-focused on Bitcoin and expects the majority of digital asset capital to continue to flow into the original network. He pointed to the growing number of companies adopting Bitcoin on balance sheets, which he frames as validation for the asset’s role as digital gold.

For now, the headline is straightforward: Strategy appears ready to buy dips. Bitcoin is trading well below its new peak but still near historic highs. If Saylor acts as he has before, the balance sheet will expand again into weakness, leaving the company even more tightly linked to the next phase of Bitcoin’s cycle.