Technique (previously MicroStrategy) founder Michael Saylor bought 1,031 bitcoin (BTC) final week at a mean value of $74,326.
Saylor’s purchase was within the eightieth percentile of the accessible vary and BTC traded between $67,354 and $76,013 throughout that interval.
It wasn’t a fluke.
Yr-to-date throughout his 12-weekly SEC Kind 8-Okay disclosures totaling 89,599 BTC purchases for $7.25 billion this 12 months, Technique has persistently purchased within the high half of every week’s buying and selling vary.
That is in response to our evaluation of the corporate’s personal SEC filings and corresponding BTC market information.
Technique’s 2026 purchases of BTC landed above the midpoint of every buy interval’s buying and selling vary 80% of the time.
Saylor buys BTC close to the highest
The sample holds even when weighting for dimension. Certainly, Technique’s two largest purchases of the 12 months, 22,337 BTC within the week ending March 15 and 22,305 BTC within the week ending January 19, each cleared above the midpoint of every week’s vary.
The January buy, disclosed on January 20, value $95,284 per coin whereas BTC traded between $90,016 and $97,939 that week.
That positioned Technique on the 66th percentile of the vary on its $2.1 billion buy.
In early February, the agency purchased 1,142 BTC at $78,815 throughout per week when BTC ranged from $59,930 to $79,301. Embarrassingly, that’s the 97th percentile or practically the worst costs Technique may have paid.
BTC spent most of that week at a lot decrease costs, however Saylor paid close to the ceiling.
Solely three of the 12 weekly purchases landed beneath the midpoint of the vary. Worse, these three mixed for simply 16,705 BTC, or 18.6% of complete quantity bought 12 months so far.
Even with as we speak’s rally, you’re nonetheless down 4.5% on final week’s purchase. How did you handle that?
— Peter Schiff (@PeterSchiff) March 23, 2026
‘I’m going to be shopping for the highest endlessly’
Saylor has acknowledged his strategy overtly. “I’m going to be buying the top forever,” he posted on X.
In fact, that assertion is meant to reference the gradual and long-term value appreciation of BTC, not the literal actuality that Saylor is shopping for close to the highest of BTC buying and selling ranges.
The numbers verify it. Technique’s volume-weighted common buy value for 2026 is $80,929. BTC at present trades close to $70,000, leaving the corporate’s complete 2026 shopping for program roughly $1 billion underwater.
The corporate now holds 762,099 BTC acquired for a blended common of $75,694. At as we speak’s costs, that treasury has an unrealized lack of over $4 billion.
The corporate’s MSTR widespread inventory, which opened 2026 at $154.59, opened for buying and selling this morning at $138.92, a ten% year-to-date decline.
Every Monday, Saylor discloses the prior week’s purchases by way of an 8-Okay submitting. The day prior, on Sundays, he normally hints on the buy by posting some type of imprecise but eminently apparent reference to “orange dots” on his SaylorTracker.
Protos beforehand famous an analogous sample in April 2025 when Technique paid nicely into the highest third of the weekly vary whereas BTC spent a lot of the week close to its lows.
To be truthful, shopping for above the midpoint doesn’t routinely imply poor execution. Nobody is aware of one of the best value prematurely.
Over-the-counter desks additionally deal with massive blocks at negotiated costs, and Technique’s massive dimension limits its capability to cherry-pick intraday lows. Technique additionally appears to usually purchase early within the week, and for no matter purpose, BTC has traded larger throughout early weekdays in 2026 than later weekdays.
Nonetheless, the consistency of the sample throughout 12 consecutive weeks and practically 90,000 BTC is tough to dismiss.
Technique spent $5.8 billion, or 80% of its 2026 outlay, at costs within the higher half of every week’s vary.
Saylor, for his half, retains posting orange dots on Sundays and costly, top-of-range BTC buys on Monday.
