{"id":63705,"date":"2026-02-16T13:00:28","date_gmt":"2026-02-16T10:00:28","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=63705"},"modified":"2026-02-16T09:20:41","modified_gmt":"2026-02-16T06:20:41","slug":"bitcoin-drops-but-strategy-keeps-buying","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-drops-but-strategy-keeps-buying\/","title":{"rendered":"Bitcoin Drops but Strategy Keeps Buying!"},"content":{"rendered":"

The crypto market<\/strong> has been experiencing sharp declines, yet Michael Saylor\u2019s company, Strategy<\/strong>, continues accumulating BTC<\/strong>. This marks the 12th consecutive week of purchases, drawing attention amid market volatility.<\/p>\n

Saylor shared Strategy\u2019s Bitcoin accumulation chart on X in his usual Sunday post. The chart highlights the company\u2019s upcoming 99th BTC<\/a> transaction, signaling that accumulation is ongoing despite market downturns.<\/p>\n

The company\u2019s most recent purchase occurred on February 9, when it bought 1,142 BTC for over $90 million. This brings Strategy\u2019s total BTC holdings to 714,644, valued at approximately $49.3 billion at the time of writing.<\/p>\n

Bitcoin came under significant pressure following the flash crash in October. Prices fell more than 50% from the all-time high above $125,000, dipping below Strategy\u2019s $76,000 cost basis. Analysts predicted the company might sell its holdings or pause accumulation, but Saylor\u2019s strategy remained unchanged.<\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Market and Crypto Treasury Pressures<\/a><\/li>
  • Saylor Signals New Move: 714,644 BTC and $5.1B Unrealized Gap<\/a><\/li>
  • Technical Analyst Commentary: BTC Reacts at $71,970<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Market and Crypto Treasury Pressures<\/span><\/h3>\n

    Even before October, crypto treasury firms showed signs of strain. Many companies saw sharp drops in their stock prices, while mNAV (multiple on net asset value) fell below critical thresholds. Standard Chartered Bank reported that, as of September 2025, several leading treasury companies had mNAV values under 1.<\/p>\n

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    • \n

      Companies with mNAV > 1 have easier access to financing and stock issuance for crypto purchases.<\/p>\n<\/li>\n

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      Companies with mNAV < 1 are priced below total assets, signaling potential risk.<\/p>\n<\/li>\n<\/ul>\n

      Data indicates the situation remains delicate. Strategy reported a $12.4 billion Q4 loss, sending its stock down roughly 17%, though recent days saw some recovery. Shares closed at $133.88 on Friday.<\/p>\n

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      99>98 pic.twitter.com\/BsTEvhbc9v<\/a><\/p>\n

      — Michael Saylor (@saylor) February 15, 2026<\/a><\/p><\/blockquote>\n