Michael Saylor signaled another Bitcoin acquisition as the asset traded below $68,000, extending a pattern that markets have come to recognize over the past several years.
In a weekend post on X, Saylor shared a screenshot from StrategyTracker that lists every Bitcoin purchase the company has made since August 2020. The caption read: “The Orange Century.” Similar posts have preceded formal purchase disclosures in prior weeks.
To date, Strategy has executed 99 Bitcoin acquisitions. The next announcement would mark its 100th buy since it began building a Bitcoin treasury in 2020.
Michael Saylor (@strategy) hints at another Bitcoin purchase.
— HodlFM (@Hodl_fm) February 23, 2026
“The Orange Century.” pic.twitter.com/wXJCzn7rs0
Holdings approach 750,000 BTC amid drawdown
Strategy disclosed last week that it purchased 2,486 BTC on Feb. 17 for $168.4 million, at an average price of $67,710 per coin. The transaction brought total holdings to 717,131 BTC, acquired for $54.52 billion. The company’s average purchase price stands at $76,027 per Bitcoin.
With Bitcoin trading near $66,457 at press time, Strategy’s position reflects an unrealized decline of about 10.7%, or roughly $5.8 billion. Based on current prices, the firm’s total holdings carry a market value above $47 billion.
The company continues to move toward 750,000 BTC. Strategy’s treasury represents more than 3% of Bitcoin’s total supply, according to company disclosures.
The firm has funded purchases through convertible debt and equity offerings. It has not reported selling Bitcoin to manage price swings. Saylor has previously stated that the balance sheet could withstand a drop to $8,000 per coin without jeopardizing operations.
Market pressure intensifies
Bitcoin has fallen more than 40% from its peak above $125,000. The asset failed to hold support above $70,000 earlier in the week. Prices slipped below $68,000 after that rejection.
At the time of writing, Bitcoin shows a 2% decline over 24 hours and nearly 24% over the past month. The Crypto Fear & Greed Index registered a reading of 5, a level associated with extreme fear among retail participants.
Spot Bitcoin exchange-traded funds have recorded cumulative outflows of $8.3 billion from their all-time high. Data indicates that this marks the weakest year since ETF launches. Some market participants point to capital rotation toward gold and stablecoins during the recent downturn.
Trade policy also entered the conversation. New tariff adjustments set a 15% rate for countries with existing agreements. Venezuela’s tariff rate moved from 20% to 15% under the revised structure.
Stock volatility tests investor resolve
Strategy’s stock, often referenced by its ticker MSTR, rose 1.24% on Friday and traded between $129.41 and $136.14 on volume of 17.6 million shares. Pre-market activity placed the stock near $128.28. Over the past six months, shares have declined more than 61%. Since the company’s first Bitcoin purchase in 2020, the stock has gained about 950%, according to data from Google Finance.
The company’s 52-week range spans from $104.17 to $457.22. Its market capitalization stands at approximately $2.59 billion, with average daily trading volume near 25.13 million shares.
Strategy began its Bitcoin treasury strategy in August 2020 with a $250 million purchase. At the time, Saylor shifted from skepticism toward advocacy, positioning Bitcoin as an inflation hedge and store of value for corporate reserves. Since then, Strategy has become the largest public holder of Bitcoin.
The firm has purchased Bitcoin for 12 consecutive weeks. Another acquisition would extend that streak to 13. Investors now await confirmation of whether “The Orange Century” signals the company’s 100th Bitcoin buy.
The accumulation strategy continues despite price weakness. The next filing will show whether Strategy maintains its pace as Bitcoin trades below its average cost basis.
Gunel Ismayilova
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