“Not Worried About Crash Risk”… Strategy Makes 100th Bitcoin Purchase

▲ Michael Saylor, Bitcoin (BTC), Strategy (MSTR) / ChatGPT-generated image

Strategy (MSTR), a Nasdaq-listed company, has executed its historic 100th Bitcoin (BTC) purchase despite growing fears of further declines in the cryptocurrency market.

According to crypto-focused media outlet CoinGape on February 23 (local time), Strategy, led by Executive Chairman Michael Saylor, recently completed its 100th additional Bitcoin purchase, securing a massive total of 717,722 BTC. Between February 16 and 22, the company acquired 592 BTC for $39.8 million at an average price of $67,286 per coin. To finance the purchase, Strategy sold approximately 297,940 shares of common stock, generating net proceeds of $39.7 million.

With this latest acquisition, Strategy has once again solidified its position as the world’s largest publicly traded corporate holder of Bitcoin, further widening the gap with major competitors such as Marathon Holdings. The company’s overall average purchase price stands at $76,020 per Bitcoin, with total investment reaching approximately $54.56 billion. Market observers remain divided, with some warning that Saylor’s aggressive strategy could increase corporate financial risk, while others view it as a calculated bet aimed at capturing explosive gains in a bullish Bitcoin market.

The broader cryptocurrency market is currently under pressure, as sell-offs fueled by tariff concerns have pushed total market capitalization down 2.22% to around $2.26 trillion. Bitcoin’s price has also fallen 3% to $65,646, adding volatility to Strategy’s stock performance. MSTR shares are trading near $126.45, down 3.51%, but are attempting to rebound within the key support range between $120 and $130.

Regarding future price prospects, experts suggest that holding the $120 support level will be a critical turning point for short-term direction. If the stock successfully defends $120 and rebounds, it could rise toward the $150 resistance level. A breakout above $150 would likely open the path to retest previous resistance zones at $170 and $180. Conversely, if the stock closes on a daily basis below the $118–$120 range, selling pressure could intensify, increasing the risk of a decline to $110.

Despite mixed conditions in the cryptocurrency market, Strategy’s Bitcoin Standard strategy continues to serve as a key driver for the revaluation of its corporate worth. Saylor maintains strong conviction in Bitcoin as a long-term store of value and continues his bold experiment of concentrating corporate liquidity into digital assets. Investors are closely watching whether this 100th purchase will serve as a springboard for reclaiming the $150 level or succumb to ongoing market downward pressure.

Disclaimer: This article is for investment reference only and the publisher is not responsible for any investment losses incurred based on this information. The content should be interpreted for informational purposes only.