Michael Saylor Signals MicroStrategy’s 100th Bitcoin Purchase

Published: 2026-02-23 04:06:42 |

Michael Saylor, chairman of MicroStrategy (Strategy), hinted that the firm is poised to make its 100th bitcoin purchase. In an X post, Saylor shared a StrategyTracker chart with the caption “The Orange Century,” signaling the next buy. Since August 2020, Strategy has completed 99 purchases and now holds 717,131 BTC at an average cost basis of $76,027 per coin. The company has continued steady accumulation into 2026, recording 12 consecutive weeks of purchases and potentially extending that streak to 13 with the upcoming buy. MicroStrategy’s bitcoin strategy began with a $250 million purchase in August 2020 to hedge inflation and preserve shareholder value. The firm has become the largest public holder of bitcoin and its share price has risen roughly 950% since the initial buy. Key keywords: Michael Saylor, MicroStrategy, Bitcoin, BTC accumulation, bitcoin treasury, StrategyTracker.

Bullish

MicroStrategy signaling another bitcoin purchase—its 100th—reinforces a narrative of durable institutional demand for BTC. Continued steady accumulation (12 consecutive weeks) and a large public holding (717,131 BTC) reduce available supply on exchanges and provide a bullish fundamental tailwind. Historically, MicroStrategy announcements of fresh buys have supported positive sentiment in crypto markets and sometimes correlated with short-term BTC price upticks as traders price in institutional demand. In the short term, the news can trigger buying interest and squeeze short positions, producing upward pressure on price. Over the longer term, repeated institutional accumulation strengthens the case for limited circulating supply and durable demand, which is bullish for BTC fundamentals. However, risk remains: the company’s large cost basis (~$76k) versus spot (~$64k) could lead to volatility if MicroStrategy changes strategy or sells, and broader macro conditions can offset bullish effects. Overall, the direct implication for traders is modestly bullish sentiment and potential short-term volatility around the confirmed buy.