Michael Saylor Teases Strategy's Landmark 100th Bitcoin Acquisition

TLDR

Table of Contents

Michael Saylor’s cryptic “The Orange Century” post on X hints that Strategy’s 100th Bitcoin acquisition is coming soon.
The company maintains 717,131 BTC accumulated through 99 separate transactions at an average entry price of $76,027.
With Bitcoin hovering near $64,700, Strategy faces an unrealized deficit of approximately 13.62% on its holdings.
While MSTR shares have declined 61% over the past half-year, they’ve surged ~950% since initiating the Bitcoin strategy in 2020.
The firm has executed Bitcoin purchases for 12 consecutive weeks, financing them through convertible notes and stock sales.

Michael Saylor sparked widespread speculation across the cryptocurrency community over the weekend with a brief two-word message on X: “The Orange Century.”

The Orange Century. pic.twitter.com/8zelTduTPC
— Michael Saylor (@saylor) February 22, 2026

The post featured an image captured from StrategyTracker — a pattern Saylor has consistently followed prior to revealing fresh Bitcoin acquisitions. With Strategy having executed 99 purchases thus far, the upcoming transaction would mark a symbolic centenary.

Strategy Inc, MSTR

At present, the company’s treasury contains 717,131 BTC acquired at a mean cost of $76,027 per unit.

Portfolio Slides Below Break-Even

Bitcoin is currently changing hands around $64,700 — a level beneath Strategy’s average acquisition cost. This positioning places the corporation’s entire Bitcoin treasury at an unrealized deficit of approximately 13.62%.

The aggregate value of these holdings stands at slightly more than $47 billion based on prevailing market rates.

Bitcoin has also retreated nearly 48% from its record peak of $126,080, creating one of the most difficult market conditions since Strategy initiated its accumulation program in August 2020.

Nevertheless, Strategy has continued adding to its Bitcoin position for 12 straight weeks, raising capital through a combination of convertible bonds and share issuances. An acquisition this week would extend that run to 13 weeks.

MSTR Shares Face Headwinds

MSTR has experienced a decline exceeding 61% over the trailing six-month period, mirroring Bitcoin’s price contraction.

Despite this recent weakness, the equity has still delivered approximately 950% returns since Strategy executed its inaugural BTC transaction in August 2020, when shares traded around $12.44. The stock currently hovers near $131.05.

Saylor has openly addressed market concerns while firmly rejecting criticisms regarding the company’s financial leverage. He’s maintained that Strategy’s balance sheet could withstand a Bitcoin price collapse to approximately $8,000 per coin without facing existential risks.

Journey to the Century Mark

Strategy’s inaugural Bitcoin acquisition was a $250 million transaction in August 2020 — a decisive action Saylor took after transforming from Bitcoin critic to passionate proponent.

The company constructed its treasury framework around utilizing BTC as a long-duration inflation protection mechanism and value preservation asset, leveraging capital markets to fund subsequent purchases.

This strategic direction has elevated Strategy to become the world’s largest publicly-traded Bitcoin holder and inspired numerous corporations to adopt similar treasury management approaches.

Once the 100th acquisition materializes, Strategy’s cumulative Bitcoin position will represent nearly six years of disciplined accumulation, spanning market euphoria, severe corrections, and all conditions in between.

Saylor’s most recent social media activity strongly suggests this historic milestone is imminent.