Michael Saylor posted his signature Bitcoin chart to X on Sunday, hinting that Technique might have purchased extra bitcoin regardless of a weekend market drop that has pushed the corporate’s holdings roughly 10% into the crimson.
Saylor captioned the submit “The Orange March Continues,” a phrase he sometimes makes use of to sign a current or upcoming buy.
Technique’s mounting losses
With a median value foundation of round $75,696 per bitcoin, Technique is at present sitting on a big unrealized loss as bitcoin trades close to $68,100.
The corporate has already spent roughly $2.9 billion on bitcoin this month alone, together with 17,994 BTC acquired on March 9 and 22,337 BTC on March 16.
These purchases got here whilst bitcoin fell 4% to $67,725 on Sunday earlier than partially recovering.
Funding challenges emerge
Technique had been financing a lot of its shopping for by high-yield perpetual most popular inventory choices, together with its Stretch (STRC) instrument, which pays traders month-to-month dividends whereas avoiding dilution of frequent MSTR shares.
Final week, nevertheless, the corporate halted purchases by STRC after failing to boost contemporary capital from the providing.
MSTR shares fell 6.6% final week to $135.66, erasing a lot of the double-digit positive aspects made earlier within the month.
The inventory has now fallen 68.7% from its all-time excessive of $434.20, after being one of many prime performers within the US market from January 2023 by July 2025.
Broader stress on crypto treasuries
The backdrop consists of heightened US-Iran navy tensions, which have rattled vitality markets and weighed on threat belongings broadly.
Different company bitcoin treasury shares have been hit even tougher than Technique, elevating questions concerning the long-term sustainability of the company bitcoin treasury mannequin.
Technique stays by far the biggest company holder of bitcoin, with its roughly $52 billion in complete purchases since August 2020 tracked carefully by the Technique bitcoin treasury knowledge.