Michael Saylor Signals Imminent 100th Bitcoin Purchase by Strategy
MicroStrategy’s treasury arm is poised to mark its 100th Bitcoin acquisition, a milestone that underscores the firm’s long‑term commitment to the digital asset despite a volatile market.
The latest hint
On Saturday, MicroStrategy chairman Michael Saylor posted a screenshot from the tracking tool StrategyTracker on X, captioning it “The Orange Century.” The visual cue is a pattern Saylor has used in the past to tease forthcoming Bitcoin buys. If the hint materialises, the next transaction will be the firm’s hundredth since it entered the cryptocurrency space in August 2020.
A brief history
- First purchase: In August 2020, MicroStrategy allocated $250 million to acquire its inaugural block of Bitcoin, a move that shifted the company from a skeptic stance to a vocal advocate for the cryptocurrency as an inflation hedge.
- Accumulation to date: According to the company’s public purchase ledger, Strategy has already completed 99 buys, spreading over six years and roughly 12‑13 consecutive weeks of buying activity in early 2026.
- Current holdings: The treasury now holds about 717,131 BTC, with an average acquisition cost of $76,027 per coin. Recent price declines have pushed the unrealized cost basis into negative territory, with Bitcoin trading near $64,700 at the time of writing.
Market backdrop
MicroStrategy’s buying rhythm has persisted even as broader market sentiment has turned cautious. The firm has continued to purchase Bitcoin weekly, a strategy that contrasts with many institutional players who have scaled back exposure amid regulatory uncertainty and price volatility. This steadfast approach signals confidence in Bitcoin’s long‑term store‑of‑value proposition and a belief that short‑term dips present buying opportunities.
Impact on the company and shareholders
- Share price performance: Since the first Bitcoin trade, MicroStrategy’s equity has surged roughly 950 %, climbing from about $12.44 per share to $131.05, according to Yahoo Finance data. The rally reflects investor enthusiasm for the “Bitcoin‑enabled” business model.
- Industry influence: By amassing the world’s largest public Bitcoin position, Strategy has inspired a wave of corporate treasury strategies that allocate a portion of cash reserves to digital assets.
- Risk considerations: While the strategy has paid off in terms of share appreciation, it also ties a substantial part of the company’s balance sheet to a highly volatile asset. Analysts continue to monitor the firm’s debt levels and the potential impact of regulatory developments on future purchases.
Analyst takeaways
- Continued conviction: Saylor’s public hint reinforces a long‑term conviction that Bitcoin will retain, and likely expand, its role as a hedge against inflation and currency depreciation.
- Strategic pacing: The steady cadence of purchases suggests a disciplined, dollar‑cost‑averaging approach rather than opportunistic bulk buying.
- Potential market signal: The 100th purchase could serve as a psychological benchmark for other institutional investors, indicating that even after multiple market cycles, large‑scale corporate accumulation remains viable.
- Balance‑sheet exposure: Stakeholders should keep an eye on how the growing BTC holding interacts with MicroStrategy’s debt profile, especially if Bitcoin experiences another prolonged correction.
What’s next?
If the “Orange Century” cue translates into an actual trade within the week, MicroStrategy will close its first century of Bitcoin buys, cementing its status as a pioneer of corporate crypto treasury management. Observers will be watching both the timing of the transaction and the price at which it occurs, as these factors may offer insight into the firm’s valuation thresholds and future buying cadence.
Key Points
- Michael Saylor’s recent X post hints at the 100th Bitcoin purchase by MicroStrategy’s treasury arm, Strategy.
- The firm has amassed over 717 k BTC at an average cost of $76 k per coin; current market price sits below this level.
- Since the first purchase in 2020, MicroStrategy’s share price has risen nearly ten‑fold, reflecting investor support for its crypto‑centric strategy.
- Ongoing weekly purchases illustrate a disciplined, long‑term accumulation model despite a challenging market environment.
- The milestone may influence other corporations considering Bitcoin as a treasury asset, while also prompting scrutiny of the firm’s overall financial risk exposure.
Source: https://cointelegraph.com/news/michael-saylor-hints-strategy-100th-bitcoin-buy?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
