- Michael Saylor hints at a potential 100th Bitcoin purchase by sharing a post with the BTC accumulation chart titled “Orange Century.”
- Bitcoin trades below $65,000, down beyond 4% in the last 24 hours.
Michael Saylor has once again sparked discussion about a fresh Bitcoin purchase through a post shared on social media, a move that has increased the expectations that Strategy may be approaching its milestone of 100th Bitcoin buy amid ongoing market volatility
On February 22, Michael Saylor, the founder of MicroStrategy, now known as Strategy, posted his usual BTC accumulation chart on X with the title, “The Orange Century,” which appeared to indicate another Bitcoin purchase, as the last Bitcoin bought on February 17.
According to Strategy company’s Bitcoin purchase data, it showed that the first Bitcoin purchased in 2020, which is worth about $250 million, so far the company has made around 99 Bitcoin purchases, which suggests that the current hint from Saylor reflects that it could be seen as the company’s 100th acquisition, which shows the company’s accumulation strategy despite significant unrealized losses.
Bitcoin Slips Under $65K Amid Ongoing Monthly Dip
While writing this article, Bitcoin is trading at $64,938.71, down about 4.4% in the past 24 hours, as the trading volume for the day is active, which is beyond 77%. For the past week, Bitcoin has been struggling to hold above $70,000, as the coin is trading down over 27% for the past month, due to the broader market downturn. Meanwhile, U.S. spot Bitcoin ETFs have recorded positive inflows for only about two weeks since the start of the year, with the majority of weeks marked by net outflows.
Strategy Shares Reflect Long-Term Growth
According to Google Finance data, the shares of Strategy traded at $131.05, with 1.24% gains during market hours on February 20. After that, the stock extended 1.60% in after-hours trading. With that, the shares show a 1,155.27% increase, which shows that more than an 11x surge since 2020, when the company began its Bitcoin-focused treasury strategy.
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