Michael Saylor Hints at Another Strategy BTC Buy as Bitcoin Drops Below $68K

Michael Saylor, Executive Chairman of Strategy, hinted at another Bitcoin purchase today on X as Bitcoin fell below $68,000. He posted the company’s accumulation chart with the caption “The Orange Century,” continuing a 13-week preview pattern. The teaser points to a possible 100th BTC acquisition announcement on Monday amid weakening market conditions.

Strategy’s BTC Holdings Approach 750K as Market Turns

Notably, Michael Saylor has often shared orange dot updates before formal purchase disclosures. Those weekend posts typically precede Monday filings confirming new Bitcoin buys. His latest message follows that same sequence.

Source: Michael Saylor on X

Strategy purchased 2,486 BTC last week, February 17. The purchase was worth $168.4 million. The company paid an average of $67,710 per Bitcoin in that transaction. As a result, total holdings now are at 717,131 Bitcoin acquired for $54.52 billion.

The firm’s average purchase price is $76,027 per coin. With Bitcoin trading near $67,457 at press time, the position shows a 10.7% unrealized decline, or roughly $5.8 billion. However, the company continues to fund acquisitions through debt and share issuance without selling holdings.

Strategy has executed 99 Bitcoin purchases since 2020. Its treasury is over 3% of Bitcoin’s total supply. According to on-chain analyst Maartunn, the company is slowly heading toward 750,000 Bitcoin.

Bitcoin Volatility Pressures MSTR

Meanwhile, the BTC price value has dropped more than 40% from its peak above $125,000. The asset failed to hold support above $70,000 earlier this week. That rejection led to stop-loss orders and short-term profit-taking, pushing prices below $68,000.

At the time of writing, Bitcoin was trading at $67,457. The price fell by 2% in 24 hours and nearly 24% over the past month. Additionally, the Crypto Fear & Greed Index printed a reading of 9, indicating extreme retail panic.

Furthermore, Bitcoin ETF flows remain negative. Data shows cumulative outflows of $8.3 billion from the all-time high, the weakest year since ETF launches. Analysts also attribute the broader decline to competition from gold and stablecoins.

Trump tariffs may have led to the Bitcoin dip. All countries with existing trade agreements will now move to a 15% tariff rate. Even if a country previously agreed to a higher tariff, it has now been reset to 15%, like Venezuela, which dropped from 20% to 15%.

MSTR Stock Performance

Meanwhile, Strategy’s stock (MSTR) has shown modest volatility. MSTR rose by 1.24% on Friday, trading between $129.41 and $136.14 on 17.6 million shares. The crypto stock after-hours activity was at $131. The company’s year range spans from $104.17 to $457.22. 

Its market cap is at $2.59 billion, while average daily volume reaches 25.13 million shares. As Bitcoin is below Strategy’s average cost basis, markets now await confirmation of the firm’s 100th BTC purchase announcement.