Michael Saylor Hits 100 Bitcoin Buys-And He's Not Stopping Despite A $7 Billion Loss

Strategy (NASDAQ:MSTR) bought 592 Bitcoin (CRYPTO: BTC) for $39.8 million marking its 100th purchase announcement since August 2020, despite sitting on a $7 billion unrealized loss.

The 100th Purchase Milestone

Strategy sold 297,940 shares of common stock between February 17-22, generating $39.7 million in net proceeds. 

The company used the entire amount to buy 592 BTC at an average price of $67,286 per coin.

Total holdings now stand at 717,722 BTC acquired for $54.56 billion at an average price of $76,020 per coin. 

With Bitcoin trading just above $66,000, Strategy sits on an unrealized loss of roughly $10,000 per coin—approximately $7 billion total.

Executive Chairman Michael Saylor posted a cheeky announcement on X, celebrating the 100th Bitcoin purchase disclosure since the company began accumulating in August 2020. 

The milestone underscores Saylor’s unwavering commitment to the strategy despite mounting paper losses.

Strategy retains significant capital-raising capacity with $7.84 billion available under its common stock ATM facility and billions more across multiple perpetual preferred stock series.

This suggests the buying will continue regardless of Bitcoin’s price trajectory.

The Technical Freefall

MSTR is down 3%, trading 47% below the 200 EMA at $240.97—an extraordinary gap illustrating the collapse’s severity. 

All EMAs stack far overhead: 20 EMA at $136.24, 50 EMA at $157.59, 100 EMA at $197.26, and 200 EMA at $240.97.

The Supertrend at $150.09 remains firmly bearish.

A descending trendline from the $473 peak defines the downtrend, with MSTR accelerating below even this bearish channel in recent capitulation.

Critical support at $155-$165 was annihilated after holding multiple times in December-January. 

That former support now acts as formidable resistance. The only remaining technical floor sits at $105-$110, shown in green at the bottom. MSTR briefly touched this level during capitulation before bouncing to current levels.

Current price sits only 20% above $105-$110 support. Today’s 3% decline shows selling pressure hasn’t relented. 

The stock is stuck in a death zone between $120-$140, unable to generate meaningful bounces but holding above ultimate support.

Breaking below $120 on a daily close will likely accelerate toward retesting $105-$110. If that critical support fails, the stock enters true price discovery with next support potentially at $90, then $75, or lower.

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