Will Bitcoin’s falling network activity hamper Saylor’s 100th BTC purchase?

Whereas there may be lots of air round Bitcoin [BTC] falling beneath $65,000, Michael Saylor remains to be targeted on shopping for extra.

On the twenty second of February, he shared his newest “Orange Century” chart on X, exhibiting how his firm retains including Bitcoin to its holdings.

Supply: Michael Saylor/X

The chart, as a substitute of simply exhibiting off, tells the story of how, since 2020, Technique has rebuilt its complete enterprise round Bitcoin.

However the newest numbers present a dangerous scenario. Technique now holds about 717,131 BTC, which is sort of two-thirds of all Bitcoin owned by firms. 

The group responds to Saylor’s submit

Responding to this information, an X account named Satoshi Stacker noted,

“Tomorrow, Technique will announce their one centesimal $BTC buy since they established their bitcoin treasury technique.”

Supply: Satoshi Stacker/X

This adopted Technique’s current addition of 1,142 BTC for greater than $90 million. 

Over time, these repeated buys, totaling 99 purchases, have helped the corporate construct an enormous reserve of 717,131 BTC, now price about $48.7 billion.

However the issue is the value.

Technique’s common shopping for worth is $76,027 per Bitcoin. Because the present market worth is decrease, the corporate is sitting on a paper lack of round 10.7%, roughly $5.8 billion.

Present market dynamics

This coincided with Technique’s inventory MSTR rising about 1.24% to $131.05 at press time and Bitcoin falling by 2.36% to around $66,451 up to now 24 hours. 

Moreover, on the twentieth of February, Bitcoin ETFs noticed $88.1 million in inflows, ending three days of losses. This exhibits that huge establishments are nonetheless .

However there may be additionally dangerous information.

Since August 2025, the variety of lively customers on the Bitcoin community has been slowly falling. It has not returned to the 800,000–900,000 every day person ranges seen in previous bull markets.

In easy phrases, fewer individuals are utilizing Bitcoin often.

Supply: Glassnode

That is worrying as a result of previous bull runs have been pushed by robust retail participation, on a regular basis customers shopping for, buying and selling, and utilizing Bitcoin. Presently, that engine appears weak.

Now, whether or not Saylor’s technique proves profitable or dangerously dangerous relies upon largely on Bitcoin’s future worth path.

Remaining Abstract

• Michael Saylor stays dedicated to purchasing Bitcoin, at the same time as costs fall and losses develop.
• With a mean shopping for worth above present market ranges, the corporate is sitting on billions in unrealized losses.