Strategy co-founder Michael Saylor recently stirred anticipation on social media, teasing a "big week" that clearly pointed to accelerated Bitcoin accumulation. Saylor, known for posting charts with orange dots before announcing significant BTC purchases, had hinted in a CNBC interview that the upcoming announcement would be "pleasantly" surprising, signaling an increase in the company's purchasing activity.

The highly anticipated disclosure arrived, revealing Strategy's substantial acquisition of 8,178 Bitcoin for approximately $835.6 million over the past week. This marks the company's largest single buy since mid-summer, with purchases made at an average price of $102,171 per bitcoin. Following this latest accumulation, Strategy's total holdings now stand at 649,870 BTC, acquired for an aggregate of roughly $48.37 billion at an average cost of $74,433 per coin. The company also reported a year-to-date Bitcoin yield of 27.8%.

The acquisition was primarily financed through strategic preferred stock issuance, indicating a shift back to large-scale accumulation after a period of smaller, incremental purchases. Earlier in the month, Strategy successfully raised about $715 million through its new euro-denominated preferred series, STRE ("Steam"), expanding its high-yield offerings to European investors. An additional $131.4 million was generated from the sales of its STRC ("Stretch") preferred shares, as detailed in the recent SEC filing.

This aggressive accumulation comes amidst a challenging market environment. Bitcoin's price was trading around $93,000-$94,000 on the day of the announcement, having dropped nearly 30% from its early-October highs and occasionally falling below $92,000 over the weekend. Strategy's own stock, $MSTR, reflected this volatility, trading down 2% at $195.86 in premarket. The company's shares have experienced a significant decline, collapsing by a whopping 56% from their July peak of $457. This sharp drop has reduced the firm's ability to issue common stock without diluting existing shareholders, leading to increased reliance on preferred stock as its mNAV premium compressed. At approximately $199 per share, Strategy’s enterprise value currently hovers only slightly above the value of its Bitcoin reserves, underscoring Saylor's unwavering commitment to the bitcoin-as-treasury model despite market downturns.

In response to persistent rumors about Strategy selling off its Bitcoin holdings, Saylor emphatically denied such reports, labeling them "false" and reiterating the company's commitment to aggressive buying. During a CNBC interview, he affirmed, "We are buying bitcoin," and stressed that Strategy was "accelerating [its] purchases," promising investors would be "pleasantly surprised." Saylor dismissed concerns regarding wallet outflows as potential liquidations, stating there was "no truth to this rumor," and urged investors to "zoom out." He asserted that the company remains fundamentally strong, supported by a stable balance sheet, light leverage, and no near-term debt pressure, expressing confidence in its strategic positioning.

Saylor also reaffirmed his belief in Bitcoin as "always a good investment" for those adopting a multi-year investment horizon, contrasting it with short-term trading strategies. He outlined an ambitious "endgame" vision for Strategy: building a trillion-dollar Bitcoin-backed balance sheet to eventually reinvent global credit. His plan involves accumulating $1 trillion in BTC and leveraging Bitcoin's long-term appreciation to achieve 20-30% annual compounding. At such a scale, Saylor believes Strategy and similar future treasury firms could issue Bitcoin-backed credit products offering yields superior to those available in the traditional fiat system.

Despite his firm's strategic moves, Saylor recently faced public scrutiny and mockery on social media. An AI-generated picture he posted, depicting himself escaping a sinking ship on a lifeboat during a storm, was widely interpreted as a metaphor for abandoning Bitcoin or his company's retail investors amidst a price crash. The viral post garnered over 10 million impressions, with even famed short seller Jim Chanos, who recently exited his short MSTR position, publicly poking fun at the "awkward metaphor."