Claim BonusBreaking: Michael Saylor’s Strategy Makes 100th Bitcoin Purchase, Buys 592 BTC as Market Struggles
Highlights
- Strategy bought 592 Bitcoin between February 16 and 22.
- This is the company's 100th Bitcoin purchase, since it adopted BTC as its primary reserve asset in 2020.
- The MSTR stock is down over 2% amid this purchase.
Strategy, previously MicroStrategy, has made its ninth consecutive weekly Bitcoin purchase, marking the company’s 100th purchase. This latest purchase comes as BTC struggles, recently crashing below the psychological $67,000 level. The MSTR stock is also down amid this latest purchase, given its strong positive correlation with the leading crypto.
Strategy Acquires 592 BTC For $39.8 Million
An SEC filing shows that the company acquired 592 BTC for $39.8 million, at an average price of $67,286 per BTC. They now hold 717,722 BTC, which they acquired for $54.56 billion at an average price of $76,020 per Bitcoin.
The SEC filing also shows that Strategy used MSTR shares to fund this latest purchase. The company sold 297,940 shares, making net proceeds of $39.7 million.
Saylor had hinted at the Bitcoin purchase in his conventional Sunday X post yesterday. He posted the Strategy’s Bitcoin portfolio tracker with the caption, “The Orange Century,” signaling that they had made their 100th BTC purchase.
The Orange Century. pic.twitter.com/8zelTduTPC
— Michael Saylor (@saylor) February 22, 2026
The company has now made 100 Bitcoin purchases since it adopted the crypto asset as its primary reserve asset on August 10, 2020. Its first purchase was 21,454 BTC for $250 million. Saylor’s company currently ranks as the largest BTC treasury company, well ahead of second-placed Bitcoin miner Mara Holdings, which holds 53,250 BTC.
Meanwhile, the Bitcoin price continues to struggle amid this latest Strategy purchase. The leading crypto fell from as high as $68,000 over the weekend to as low as $65,000 today. The crash comes as BTC continues to show weak momentum due to a lack of demand.
BTC’s weakness is also negatively impacting the MSTR stock, which continues to face downside pressure due to Strategy’s Bitcoin exposure. TradingView data shows that the stock is currently trading at around $128, down over 2% from its last week’s close of $131.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Fed’s Chris Waller Says Support For March Rate Cut Will Depend On Jobs Report
- Breaking: Tom Lee’s BitMine Adds 51,162 ETH Amid Vitalik Buterin’s Ethereum Sales
- Satoshi-Era Whale Dumps $750M BTC as Hedge Funds Pull Out Billions in Bitcoin
- XRP Sees Largest Realized Loss Since 2022, History Points to Bullish Price Run: Report
- US Strike on Iran Possible Within Hours: Crypto Market on High Alert
- Top 3 Meme Coins Price Prediction As BTC Crashes Below $67k
- Top 4 Reasons Why Bitcoin Price Will Crash to $60k This Week
- COIN Stock Price Prediction: Will Coinbase Crash or Rally in Feb 2026?
- Shiba Inu Price Feb 2026: Will SHIB Rise Soon?
- Pi Network Price Prediction: How High Can Pi Coin Go?
- Dogecoin Price Prediction Feb 2026: Will DOGE Break $0.20 This month?
