Michael Saylor Says '2nd Century Begins' as Strategy Buys $1.28B of BTC to Mark the 101st Purchase

Bitcoin prices surged over 4% on Tuesday to more than $70,000 per token, a day after Michael Saylor's Strategy disclosed buying 17,994 BTC for a whopping $1.28 billion over the last week.

Strategy now holds 738,731 bitcoins valued at over $56 billion. At the same time, the company is likely carrying an unrealised loss of $5.5 billion on its holdings.

Strategy's biggest purchase in over a month comes as the company also raised $377 million by issuing STRC preferred shares, which pay a variable monthly dividend of 11.5% on an annualised basis. At the same time, the company also offered around $900 million in its common shares.

The purchase marks Strategy's second-largest BTC purchase in 2026. The company bought 22,300 bitcoins in January. Back then, Strategy also raised $294 million via preferred shares and $1.80 billion from offering its common stock.

STRC's price is meant to be anchored around $100. When the preferred stock trades above that level, Strategy could issue more STRC and use the net proceeds to buy additional bitcoin. As of now, Strategy has issued $3.8 billion worth of the dividend-paying instrument. The company has relied on STRC as an alternative funding source for a while now. In July 2025, Strategy issued $2.5 billion of STRC in a single tranche.

On the latest transaction, Strategy co-founder Michael Saylor wrote on social media platform X: 'The second century begins.' In February, the company completed its 100th BTC purchase. Strategy started buying Bitcoin in 2020. Since STRC's introduction in 2025, the company has raised its dividend nine times, while portraying the preferred shares as a low-volatility, high-yield cash instrument.

Saylor Pledges to Buy Bitcoin Every Quarter

Despite wild price swings and extreme market volatility, Saylor said recently his company will not sell any BTC. 'We're not going to be selling. We're going to be buying Bitcoin. I expect we'll be buying Bitcoin every quarter, forever,' Saylor recently told CNBC, when the value of Strategy's bitcoin treasury was hovering below its total acquisition cost.

He also dismissed rumours that Strategy would be compelled to sell Bitcoin amid declining prices, and described the narrative as 'an unfounded concern.' On Monday, traders on Myriad priced a 14% chance that Strategy will offload Bitcoin in 2026. In February, traders on the prediction market platform owned by Decrypt parent company DASTAN expected a 35% chance that Strategy would sell the token.

'If you believe the world order is breaking down, own the asset with no counterparty. Bitcoin,' Saylor recently responded to Ray Dalio's warning that the 1945-post world order is breaking down.

Saylor believes that decentralised money can act as a hedge against currency debasement, sovereign debt expansion, and capital limitations. He thinks BTC architecture allows it to operate without relying on intermediary institutions. Note that traditional financial assets involve counterparty risk. Banks or governments back these assets, and their value depends on the continued solvency and trustworthiness of these entities. Saylor argues that this dependency becomes an issue during systemic crises.

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