Michael Saylor and his company, Strategy, are once again showing high confidence in Bitcoin.
At the time of writing, the price of Bitcoin is currently at $68,748, down 0.09% since it opened early Tuesday in Asian trading.
In their 101st recent purchase, Strategy added 3,015 Bitcoins at $67,700 each, bringing their total holdings to 720,737 BTC at a total cost of approximately $54.8 billion.
Interestingly, the purchase price this time is lower than the company's average cost, which was previously $75,985 per Bitcoin.
This indicates that Strategy continues to take advantage of buying opportunities when the market price drops, a strategy they have used before, including in 2022-2023 when Bitcoin fell below its average cost of $30,600.
Strategy shares (MSTR) showed a slight increase last week, moving from around $125 to almost $130, while the price of Bitcoin remained relatively stable, moving around $65,000 to $69,000 before falling slightly and returning to $65,834.
In addition, Saylor also announced a dividend increase for STRC’s preferred shares, known as ‘Stretch’, from 11.25% to 11.50% for March 2026.
The capital raised from these shares can be used for a variety of corporate purposes, including buying more Bitcoin.
This strategy of buying Bitcoin below average cost once again demonstrates Strategy’s confidence in the future of cryptocurrencies, proving that they are willing to take chances when the market is volatile.
For Bitcoin followers, Strategy’s every move is an important indicator of the direction of the market and institutional confidence in the world’s largest digital asset.
