Strategy’s 100th Bitcoin Purchase is Approaching
Michael Saylor’s Bitcoin treasury firm Strategy is preparing to make its 100th Bitcoin purchase in its buying journey that has continued since 2020. Company president Saylor shared a screenshot of the StrategyTracker chart on X on Saturday with the title “The Orange Century,” implying this development.
According to the company, 99 Bitcoin purchases have been made since 2020, and a total of 717.131 BTC is held; average cost $76.027. Current BTC price is at $65.661, and the cost basis has turned negative. Despite challenging market conditions, BTC purchases were made for 12 consecutive weeks in 2026, and this week could be the 13th.
Strategy made its first BTC purchase in August 2020 with $250 million to protect against inflation and maximize shareholder value. In this process, it became the world’s largest public Bitcoin holder; its share price rose %950 from $12.44 to $131.05. Saylor’s strategy relies on common shares for Bitcoin purchases while marketing preferred shares.
BTC Technical Outlook and Supports
BTC is currently at $65.661 in BTC detailed analysis, down -2.99% in 24 hours. RSI 33.31 (oversold), downtrend and bearish Supertrend dominant. Strong supports: S1 65.632 (⭐ Strong, -0.20%), S2 60.000 (⭐ Strong, -8.77%). Resistances: R1 65.914 (⭐ Strong, +0.22%), R2 68.225 (+3.74%). If it cannot hold above EMA20 70.209, the decline may deepen.
Institutional BTC Holders Developments
Turkish BTC futures player Net Holding (NTHOL.IS) ranks 74th in institutional standings with 352 BTC. In contrast, Bitdeer dropped to zero BTC on February 20; it liquidated from 2,000 at year-end in eight weeks. Strategy’s stability stands out.
Source: https://en.coinotag.com/strategy-100-preparing-to-buy-bitcoin
