Saylor Hints at 100th Bitcoin Buy

• Strategy holds 717,131 BTC at a $76,027 average price, nearing its 100th Bitcoin purchase milestone.
• The company reports a nearly $6 billion unrealized loss as Bitcoin trades below $68,000.
• Strategy continues funding Bitcoin buys through stock sales, raising over $168 million in recent transactions.

Michael Saylor has signaled a possible new Bitcoin purchase as Strategy holds 717,131 BTC. His recent post matches a pattern that often comes before official announcements.

Markets await confirmation of what could be the company’s 100th buy. Bitcoin traded below $68,000, placing holdings under the average cost, yet acquisitions continue.

Strategy Approaches 100th Bitcoin Purchase

Saylor shared the firm’s updated accumulation chart on X with the caption “The Orange Century.” He has used similar posts before previous purchase announcements. These updates often appear during weekends and are followed by Monday filings.

Strategy purchased 2,486 BTC on February 17. The company paid about $168.4 million for that transaction. The average price for that batch was $67,710 per Bitcoin. The firm’s total holdings now stand at 717,131 BTC. Strategy acquired these coins for about $54.52 billion. The average purchase price across all holdings is $76,027 per Bitcoin.

With Bitcoin trading near $67,457, the company reports an unrealized loss of nearly $6 billion. This equals about 11% below its total cost basis. The company has not sold any of its Bitcoin. Strategy has completed 99 Bitcoin purchases since 2020. On-chain data indicates the firm is moving toward 750,000 BTC. Its holdings account for more than 3% of Bitcoin’s total supply.

Market Pressure and ETF Outflows

Bitcoin has declined more than 40% from its recent peak above $125,000. The asset failed to hold support above $70,000 earlier this week. This move triggered stop-loss orders and short-term selling.

The Crypto Fear and Greed Index showed a reading of 9. That level signals extreme fear among retail participants. Bitcoin fell about 2% in 24 hours and nearly 24% over the past month. ETF flows remain negative. Data shows cumulative outflows of $8.3 billion from the all-time high. This marks the weakest period since ETF launches.

Analysts attribute the decline to several factors. These include competition from gold and stablecoins. Trade policy changes have also added pressure. Recent tariff adjustments set a 15% rate for countries with existing trade agreements. Even higher prior rates were reduced to 15%. Markets reacted to the broader uncertainty.

Funding Strategy and Stock Performance

Strategy funds its Bitcoin purchases through stock sales and debt issuance. The latest acquisition was supported by selling 660,000 MSTR shares. The company also sold 785,354 STRC shares. These sales generated $90.5 million and $78.4 million in net proceeds. Strategy applies a dollar-based cost averaging model. It buys Bitcoin at different price levels over time.

MSTR stock has faced volatility alongside Bitcoin. Shares recently traded near $127. The stock is down more than 16% year to date. However, some institutional investors maintain exposure. Charles Schwab holds about 1.27 million MSTR shares. That stake is valued at around $168 million.

During a recent earnings call, Strategy addressed quantum computing concerns. The company launched a Bitcoin Security Program. Saylor stated that quantum risks remain years away. The firm confirmed there has been no change in treasury policy. Strategy continues to expand its Bitcoin holdings. Markets now await confirmation of the next purchase announcement.