Michael Saylor’s flagship Bitcoin strategy is facing a critical moment. With 712,647 $BTC acquired at an average price of $76,038, the strategy is now just 1.8% away from going underwater. At today’s prices, the holdings are worth roughly $55.7B — a sharp contrast to the $81B valuation at Bitcoin’s $126K peak, even though the strategy held 70,000 fewer BTC at the time.
This isn’t just a portfolio statistic; it’s a psychological line in the sand for the market. Bitcoin approaching Saylor’s average cost is a test of market sentiment. If $BTC dips below this threshold, media and market narratives will emphasize the risk of aggressive, conviction-driven accumulation. Conversely, if BTC holds and rebounds, it reinforces one of the boldest treasury strategies in financial history, highlighting unwavering confidence in long-term Bitcoin adoption.
Saylor’s strategy exemplifies both the power and risk of institutional accumulation. Past drawdowns didn’t sway him, but the market’s reaction remains uncertain. Traders, investors, and observers now watch intently as $BTC hovers near this crucial level — a litmus test for risk appetite, market psychology, and the resilience of large-scale Bitcoin holders.
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