Michael Sailor, president of Strategy – formerly known as MicroStrategy – hinted on Platform
The Orange Century. pic.twitter.com/8zelTduTPC
-Michael Saylor (@saylor) February 22, 2026
The planned purchase follows an ongoing buying spree, as the company continued to steadily accumulate assets during the downturn despite trading conditions that left its massive investment position with unrealized losses worth $12.4 billion.
Highlight the main points
- Strategy currently has 717,131 Bitcoins acquired at an average cost of $76,027 per coin, bringing the total investment base to over $54 billion.
- Michael Sailor teased the station with a StrategyTracker graphic titled “Orange Century,” suggesting the company’s 100th separate purchase was imminent.
- The accumulation continues despite unrealized losses, with Bitcoin trading near the $64,700 level from the company’s breakeven price.
Strategy has accumulated its holdings in 99 separate transactions since August 2020.
As spot Bitcoin ETFs record their fifth straight week of outflows, suggesting lukewarm institutional demand, Sailor continues to aggressively absorb supply.
The company’s persistence highlights the disparity between short-term institutional flows and the long-term, high-conviction investments of corporate treasuries.
Orange Century: Michael Sailor’s accumulation statistics
In her latest X post on Saturday, Sailor shared a chart from the company’s StrategyTracker with the caption “orange horn.”
For those who have followed Michael Sailor closely in recent years, the filing of a formal form (Form 8-K) announcing the completion of the acquisition could be very imminent.
According to the company’s data, the organization has purchased Bitcoin continuously throughout the 2020s through the present, including one purchase each month since November 2024. Any purchase this week would mark the 100th purchase event since the strategy’s inception.
If it’s not zero, it will be a million. $BTC
-Michael Saylor (@saylor) February 20, 2026
The company now controls 717,131 bitcoins, equivalent to approximately 3.4% of the total supply of 21 million coins, and is valued at approximately $47.5 billion. However, strong buying at market highs brought the average cost per coin to $76,027.
As Bitcoin trades below the $67,000 level as traders seek to protect against collapse, the Treasury faces significant unrealized losses.
Despite this price movement, the company remains committed to a cost averaging (DCA) strategy, leveraging capital markets to finance ongoing accumulations.
Mitigation concerns and policy changes
To support this buying pressure, Strategy has developed its own financing approach. Fortune magazine reported that the company had moved toward issuing preferred stock to raise capital, a move that analysts say could turn the company into a value “dilution machine” in terms of Bitcoin per share (BPS) metrics.
The company has issued $7 billion worth of preferred stock in 2025 alone and has high dividend obligations.
While Bitcoin’s hashrate shows a V-shaped recovery indicating the health of the network, Strategy’s balance sheet is under scrutiny as it faces a $6 billion debt deadline in 2028.
The company plans to “convert” this convertible debt into equity in the coming years, which could lead to a further increase in the number of shares to protect its Bitcoin stock.
Implications for corporate cash flow
Strategic’s impact has inspired other entities to hedge with cryptocurrencies, as seen in smaller-scale implementations such as Consensys and Ethereum’s Sharplink treasury reserves.
However, no other public entity comes close to Strategic’s size.
As the company approaches its 100th purchase, the market is closely watching whether Sailor can maintain shareholder value while managing heavy debt in an environment where Bitcoin is trading below $70,000.
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The post by Michael Sailor hints at the arrival of the company’s strategy for the 100th Bitcoin buying station appeared first on Cryptonews Arabic.