Bitcoin Buying Spree Nears Century Mark, Saylor Hints

[Ben Graham]

Michael Saylor’s quiet hint this weekend put a spotlight on a methodical habit that has quietly shaped corporate crypto moves for years.

Michael Saylor posted a chart with the caption “The Orange Century,” and through that single image he signaled what many traders already suspected: the company he chairs is poised to make another buy.

Strategy has been buying Bitcoin in steady doses since 2020. Reports note the firm has completed 99 buys so far. That makes the next purchase the 100th. Short headline. Big milestone. The buy count matters because it shows a pattern more than it shows timing.

Buy Pace And Signals

The image Saylor shared on the X platform is the same type of chart the company has shown before when a purchase was near. Other market watchers read the post as a likely prelude to actual buy orders. The company has not issued a formal press release about a specific date.

The Orange Century. pic.twitter.com/8zelTduTPC

— Michael Saylor (@saylor) February 22, 2026

Recent Activity And Holdings

According to public records, the firm now holds about 717,131 BTC at an average cost near $76,027 per coin. Market prices have drifted lower from that average. Bitcoin was trading around $65,050 at the time of the reports.

That gap has put the firm’s cost basis in the red on paper. Still, buying has continued; the company has added BTC for many consecutive weeks in 2026 and showed no obvious pause even as prices moved down.

Shareholders And Market Reaction

Reports note that since the initial stake was bought in August 2020, the firm’s stock has climbed sharply. Yahoo Finance data shows a rise from roughly $12.44 then to about $131.05 at the time this report was made, an increase of around 950%.

That price swing has made the strategy attractive to some investors who wanted exposure to Bitcoin through a public stock. Others worry about concentration risk when a single asset so heavily shapes a company’s balance sheet.

How This Fits Broader Trends

Other firms have copied pieces of this playbook. Moving treasury cash into Bitcoin has become one option among several for companies that want to shield some value from inflation or to chase upside tied to crypto.

That has had a ripple effect: when big public holders buy, it can shift short-term flows and signal confidence to certain corners of the market. At the same time, critics argue that using corporate coffers to buy a volatile asset brings fresh governance questions.

The next move will be watched closely. If the 100th buy happens, it will be seen as a reaffirmation of a strategy that has been consistent for years. Observers will then parse whether the purchase is symbolic, tactical, or simply another step in a long, steady accumulation.

Featured image from Unsplash, chart from TradingView