| Key Points: – Saylor hints renewed Bitcoin buys as price dips below $68,000. – Strategy, formerly MicroStrategy, may accumulate more BTC amid market weakness. – Company issues equity and debt to acquire BTC, maintains analytics business. |
Michael Saylor signaled fresh appetite for Bitcoin as BTC slipped under the ~$68,000 mark, stoking debate about another accumulation by Strategy (formerly MicroStrategy). The company positions itself as a bitcoin treasury operator, issuing equity and debt to add BTC while continuing to offer analytics software alongside its financial exposure.
As of January 11, Strategy reported 687,410 BTC purchased for about $51.80 billion, implying a historical average cost near $75,353 per coin. Any new tranche near current levels would, in principle, pull the blended cost basis lower, though the net effect depends on size relative to prior purchases.
Why ~$68K matters for Strategy’s cost basis and risk
Observers often frame ~$68,000 as an operational threshold because a sustained break below it could amplify unrealized losses on tranches acquired at higher levels. As reported by FXStreet, critic Peter Schiff has argued that a sub-$68,000 environment heightens pressure on Strategy’s positioning, highlighting the sensitivity of its balance sheet to spot price.
Company figures from January 11 indicate an implied per-coin basis around $75,353; if additional purchases followed at lower prices, the blended average may have shifted. Because Strategy finances BTC with both equity and debt, prolonged volatility near or below such watch levels can influence mark-to-market optics, capital access, and the cadence of future issuance.
Is this Strategy’s 99th or 100th Bitcoin purchase?
Meaning of Saylor’s ‘99>98’ post and how it’s read
Market watchers parsed Saylor’s “99>98” message as a potential nod toward the company’s next buy, not a formal disclosure. As reported by CryptoRank, the post was widely read as a teaser for what could be the 99th purchase, though the count remains a live debate.
The phrasing does not itself confirm timing, size, or execution. Confirmation typically arrives only when the company provides definitive details.
What to monitor for confirmation and immediate market reaction
Traders tend to look for official updates from Strategy or Saylor’s social channels, followed by coverage from established financial media. Near-term market reaction often reflects headline sensitivity and positioning rather than long-run valuation work.
Policy backdrops also shape expectations. As reported by The Wall Street Journal, U.S. Treasury Secretary Scott Bessent said the government is “not” actively adding Bitcoin beyond seized assets.
At the time of writing, Bitcoin traded around $67,612 with very high 11.37% volatility and a 14-day RSI near 38.61, based on market metrics. Sentiment screens as bearish, with the spot price below both the 50-day and 200-day simple moving averages cited in the data.
Disclaimer:
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