Technique (previously MicroStrategy) Chairman Michael Saylor has hinted on X that the agency is poised to execute its a centesimal Bitcoin acquisition, marking a symbolic milestone practically six years after the corporate started its aggressive treasury reserve coverage.
The Orange Century. pic.twitter.com/8zelTduTPC
— Michael Saylor (@saylor) February 22, 2026
The upcoming buy follows a persistent shopping for streak, with the agency accumulating property constantly over the downturn regardless of buying and selling circumstances which have positioned its large place $12.4 billion underwater.
Key Takeaways
- Technique presently holds 717,131 BTC acquired at a median value of $76,027 per coin, totaling an funding foundation of over $54 billion.
- Michael Saylor teased the milestone with a “StrategyTracker” chart captioned “The Orange Century,” indicating the companies’s a centesimal distinct buy is imminent.
- The buildup continues regardless of unrealized losses, with Bitcoin buying and selling close to $64,700 in comparison with the agency’s break-even value.
Technique has gathered its holdings by way of 99 separate transactions since August 2020.
Whereas spot Bitcoin ETFs log their fifth straight week of outflows, implying cooling institutional demand, Saylor’s agency continues to soak up provide aggressively.
The corporate’s persistence highlights a divergence between short-term institutional flows and high-conviction lengthy performs by company treasuries.
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The Orange Century: The Accumulation Stats of Michael Saylor
In his newest X put up on Saturday, Saylor shared a chart from the agency’s “StrategyTracker” with the caption “The Orange Century.”
For many who have adopted Michael Saylor carefully over the previous few years, a proper Type 8-Okay submitting saying a accomplished acquisition might be simply across the nook.
In response to firm information, the agency has bought Bitcoin constantly over the 2020s to this point, together with a purchase order each month since November 2024. A purchase order this week would mark the a centesimal complete purchase occasion because the technique started.
If it’s not going to zero, it’s going to 1,000,000. $BTC
— Michael Saylor (@saylor) February 20, 2026
The agency now controls 717,131 BTC, roughly 3.4% of the full 21 million provide cap, valued at round $47.5. Nevertheless, the aggressive shopping for at market peaks has pushed the typical value per coin to $76,027.
With Bitcoin buying and selling beneath $67,000 as merchants purchase crash safety, the treasury faces important unrealized losses.
Regardless of this value motion, the corporate stays dedicated to its dollar-cost averaging technique, leveraging capital markets to finance continued accumulation.
Dilution Considerations and Strategic Pivots
To maintain this shopping for strain, Technique has advanced its financing strategy. Fortune stories that the agency has shifted towards issuing most popular inventory to lift capital, a transfer analysts warn might flip the corporate right into a “dilution machine” relative to Bitcoin per share (BPS) metrics.
The corporate issued $7 billion in most popular inventory in 2025 alone, carrying excessive dividend obligations.

Whereas Bitcoin hashrate reveals a V-shaped restoration signaling community well being, Technique’s steadiness sheet is underneath scrutiny because it navigates $6 billion in debt maturities due in 2028.
The agency plans to “equitize” this convertible debt over the approaching years, doubtlessly rising share counts additional to guard the Bitcoin stack.
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Company Treasury Implications
Technique’s affect has impressed different entities to hedge with crypto, seen in smaller scale executions just like the Consensys and Sharplink ETH treasury holdings.
Nevertheless, no different public entity approaches Technique’s scale.
Because the agency approaches its a centesimal buy, the market watches carefully to see if Saylor can keep shareholder worth whereas managing heavy debt hundreds in a sub-$70,000 Bitcoin setting.
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