Despite Bitcoin’s price falling below $65,000, Michael Saylor and his company MicroStrategy continue accumulating the cryptocurrency. The firm now holds approximately 717,131 BTC, amounting to nearly two-thirds of all corporate Bitcoin holdings, but its average purchase price is above $76,000, resulting in significant paper losses.
Despite market anxiety over Bitcoin’s drop below $65,000, Michael Saylor reaffirmed his company’s accumulation strategy by sharing its “Orange Century” chart on social media. The graphic illustrates how MicroStrategy has rebuilt its business around Bitcoin since 2020.
MicroStrategy recently purchased an additional 1,142 Bitcoin for over $90 million. This marked the company’s 99th purchase, bringing its total holdings to 717,131 BTC valued at roughly $48.7 billion. The firm’s average buy-in price is $76,027 per Bitcoin, resulting in an unrealized loss of about 10.7% or $5.8 billion based on current prices.
An X account named Satoshi Stacker noted a milestone was approaching, stating, “Tomorrow, MicroStrategy will announce their 100th $BTC purchase since they established their bitcoin treasury strategy.” This corporate buying contrasts with concerning on-chain metrics for the broader network.
Data shows the number of active Bitcoin users has been declining since August 2025. The network has not returned to the 800,000–900,000 daily active user levels seen in previous bull markets, indicating weaker retail participation. Market activity showed MicroStrategy‘s stock (MSTR) rising slightly while Bitcoin’s price fell over 2% to around $66,451. Spot Bitcoin ETFs also saw a recent inflow of $88.1 million, ending a three-day streak of outflows and signaling renewed institutional interest.
