Strategy (MSTR) Stock Rises 9% as Saylor Hints at 99th Bitcoin Purchase

TLDR

• Strategy (MSTR) holds 714,644 BTC worth roughly $49.36 billion, facing over $5 billion in unrealized losses as Bitcoin trades near $69,126
• Chairman Michael Saylor posted “99>98” on X, hinting at the company’s 99th Bitcoin purchase following their recent buy of 1,142 BTC for $90 million at $78,815 per coin
• The company maintains an average purchase price of $76,056 per BTC with a total cost basis around $54.35 billion, but has no plans to sell despite current losses
• Strategy stock jumped nearly 9% in after-hours trading Friday as the company commits to buying Bitcoin every quarter indefinitely
• Analyst Ted identifies $72,000 as key resistance for Bitcoin, with a potential move toward $76,000-$80,000 if that level breaks

Strategy stock gained nearly 9% in after-hours trading Friday as Chairman Michael Saylor signaled another Bitcoin purchase is coming. The company now holds 714,644 BTC despite facing more than $5 billion in unrealized losses.

Strategy Inc, MSTR

Saylor posted “99>98” on X with a link to Strategy’s Bitcoin portfolio tracker. The cryptic message suggests the company’s 99th Bitcoin purchase will be larger than its 98th acquisition.

Strategy bought 1,142 BTC for $90 million on February 9, paying an average of $78,815 per coin. That purchase brought total holdings to 714,644 BTC worth roughly $49.36 billion at current market prices.

The company’s average purchase price sits at $76,056 per BTC. Its total cost basis is around $54.35 billion. With Bitcoin trading near $69,126, the unrealized loss stands at approximately $5.1 billion.

Strategy has made 98 Bitcoin purchases since launching its treasury strategy. The company has shown no signs of slowing down. Management stated it will continue buying BTC every quarter indefinitely regardless of price action or unrealized losses.

Market Reaction and Technical Outlook

The stock’s after-hours jump reflects investor confidence in the company’s long-term Bitcoin strategy. Strategy operates as both a software intelligence firm and a Bitcoin treasury company, making it the largest corporate holder of the cryptocurrency.

Saylor frequently uses orange dot charts to telegraph upcoming Bitcoin acquisitions. Each dot represents a discrete buying event. He often posts cryptic phrases like “Back to More Orange Dots” days before SEC filings confirm new purchases.

Bitcoin currently trades near $69,126 after holding support over the weekend. Analyst Ted identified $72,000 as major resistance. A break above that level could push Bitcoin toward $76,000 to $80,000.

Accumulation Strategy Continues

The “99>98” message sparked discussion across crypto markets. Some observers believe it indicates the 99th purchase will exceed the 1,142 BTC bought in the 98th transaction.

Strategy’s systematic accumulation spans multiple market cycles. The company maintains its buying pattern through both bull and bear markets. Institutional investors closely track the firm’s balance sheet allocation and leverage dynamics.

The company’s Bitcoin treasury strategy remains under scrutiny as a test case for corporate digital asset adoption. Strategy’s approach combines direct Bitcoin purchases with equity issuances and convertible debt offerings to fund acquisitions.

Bitcoin shorts face potential liquidations if the price breaks through key resistance levels. Roughly $4.34 billion in short positions sit at risk on a 10% rally. Analyst Ted’s $72,000 target aligns with this liquidation zone.

Some analysts view $60,000 to $70,000 as a buying opportunity for Bitcoin. CryptoQuant data points to a $55,000 realized price with downside risk to $39,000 in extreme scenarios.

Strategy’s most recent SEC filing confirmed the February 9 purchase of 1,142 BTC at $78,815 average price, bringing the total to 714,644 BTC acquired at a cumulative cost of approximately $54.35 billion.

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