If the last 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 wave of liquidation fears and broken charts, the first 96 hours of 2026 have shifted the conversation from survival to dominance.
Saylor on strategy
On January 4, 2026, Michael Saylor went to X, and shortly afterward to Strategy’s Bitcoin [BTC] exposure began to circulate 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 company into a decentralized central bank.
Additionally, in the same post, a chart from StrategyTracker.com further mapped the company’s massive Bitcoin treasury against the asset’s market price.
Strategies Bitcoin Bet
If we look closely, the graph data also reveals a brutal “dollar-cost averaging” (DCA) machine, showing 91 separate purchasing events in the company’s history.
Even in the last week of 2025, between December 22 and 28, Strategy proved that its hunger was still not satisfied, acquiring 1,229 Bitcoin for approximately $108.8 million.
That particular trade, executed at an average price of $88,568, signaled to the market that Strategy is comfortable buying well above the “green line” of $75,000.
While no new transaction was officially announced in the post, the timing suggests that Strategy is preparing to break the silence in the fourth quarter and start 2026 with a significant acquisition.
Strategies Bitcoin Accumulation and more
At the top of the news, the scale of Strategy’s commitment has reached a level of institutional seriousness that few would have thought possible five years ago.
According to BitcoinTreasuries.net dataStrategy’s total BTC holdings are 672,497 BTC with atotal purchase costs by $50.44 billion.
In addition, the average costs per BTC stands by $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 fell by $90 billion, a staggering 66% decline, even as Bitcoin’s price remained relatively resilient.
Market response
The ripple effect of Saylor’s post was immediately felt across both the crypto and stock markets. Bitcoin rose to $92,557.53 stable Up 1.37% in 24 hours as it tries to find solid support above $90,000.
Meanwhile Strategy [MSTR] the stock significantly outperformed the underlying asset, jump 5.21% to trade at $157.16.
With $11.6 billion still available in the company’s at-the-market (ATM) stock sale program, the market is currently pricing in a huge, looming “Orange” buying wall that could define the first quarter of 2026.
Final thoughts
- Saylor enters 2026 with renewed momentum, but the scars of the $90 billion collapse in 2025 still shape Wall Street expectations.
- The $11.6 billion ATM reserve is both a weapon and a warning sign, suggesting dilution risk will remain a central concern for investors.