MicroStrategy has deepened its position as the world’s largest corporate holder of Bitcoin, amassing 717,131 BTC valued at approximately $48.7 billion as of February 22, 2026.
However, the holdings, built through 99 acquisitions since 2020 at an average purchase price of $76,027 per coin, are currently reflecting a 10.6% unrealized loss following recent market pullbacks that pushed Bitcoin’s price to around $72,000.
Michael Saylor, the Executive Chairman of Strategy posted the company’s Bitcoin accumulation value since 2020 on X, with the caption “The Orange Century.”
Register for Tekedia Mini-MBA edition 19 (Feb 9 – May 2, 2026).
Register for Tekedia AI in Business Masterclass.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab.
The post signals his unwavering conviction that Bitcoin is poised to define the 21st century as the dominant form of sound digital money.
A Monumental Milestone in Accumulation
Strategy has just reached another landmark in its relentless Bitcoin treasury strategy. As of mid-February 2026, the company now holds 717,131 BTC, acquired across 99 separate purchases since it first began stacking in 2020.
The average acquisition cost stands at approximately $76,027 per bitcoin, for a total investment of roughly $54.5 billion.
At Bitcoin’s current trading levels hovering around $67,000–$68,000 on February 22, 2026, the holdings reflect an unrealized loss of about 10–12% on paper. Yet this drawdown has done nothing to Strategy’s pace.
In just the past week alone, the firm deployed $168.4 million to acquire an additional 2,486 BTC at an average price near $67,710, pushing the total over the 717,000 mark.
This latest buy marks the company’s near-100th acquisition, a staggering display of conviction through multiple market cycles, bull runs, bear markets, and now a prolonged period of consolidation below previous highs.
Saylor has long framed Bitcoin not merely as an investment, but as engineered capital the superior form of money for the digital age. He contrasts it sharply with fiat currencies, which he views as depreciating due to inflation and monetary expansion. In his worldview:
According to him, the 21st century belongs to decentralized, scarce, immutable digital assets like Bitcoin. Strategy orange branding has become a cultural meme in the Bitcoin community, representing hope, defiance, and long-term orientation in contrast to the “blue” of traditional finance or legacy systems.
Saylor’s post is both a statement of fact and a rallying cry that the era of Bitcoin dominance has arrived, and Strategy intends to ride and help accelerate that wave.
Even amid short-term price weakness and Strategy stock ($MSTR and related instruments) trading significantly lower than peak levels, the community’s faith in Saylor’s vision remains remarkably resilient.
Bitcoin remains range-bound as liquidity clears on both sides, keeping price action indecisive. However, after months of weakness, reports reveal that demand has finally turned positive, hinting that selling pressure is easing, amid accumulation return.
Outlook
Looking ahead, MicroStrategy appears poised to maintain its aggressive accumulation strategy, signaling that short-term price volatility is unlikely to alter its long-term treasury thesis.
With Michael Saylor continuing to frame Bitcoin as engineered digital capital rather than a speculative asset, the company’s approach suggests further opportunistic purchases during market pullbacks, particularly if prices remain below its historical average cost.
In the broader institutional landscape, Strategy’s unwavering stance may also reinforce Bitcoin’s narrative as a corporate treasury asset class, potentially encouraging other firms to explore similar allocation models.