Michael Saylor’s company, Strategy, continues to buy Bitcoin during market dip, marking 12 weeks of consecutive purchases. The latest acquisition of 1,142 BTC for over $90 million brings total holdings to 714,644 BTC worth around $49.3 billion. Despite market downturn, Strategy defies analysts’ predictions by accumulating more BTC.

Crypto markets plummet after October flash crash, causing BTC to drop over 50% from all-time high above $125,000. Strategy’s cost basis of $76,000 per BTC is now below current market prices. Despite market volatility, Strategy remains committed to accumulating Bitcoin and not selling off holdings.

Crypto treasury sector facing collapse as companies experience stock price declines and mNAV collapse. Strategy’s mNAV falls below 1 to 0.90, signaling potential financial trouble. Companies with mNAV above 1 have easier access to financing for more crypto purchases, while those below 1 face challenges.

Standard Chartered Bank warns of trouble for crypto treasury companies as mNAV falls below 1, impacting their ability to access financing and issue stock. Strategy reports Q4 loss of $12.4 billion, causing stock price to drop by 17%. Stock price recovers slightly to close at $133.88.

Read more at Cointelegraph: Saylor Signals Week 12 of Consecutive Bitcoin Buys From Strategy