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Michael Saylor shared a cryptic post suggesting that Strategy may be preparing for its 101st Bitcoin purchase.

Saylor shared Strategy’s Bitcoin accumulation chart, which shows the company’s purchases since August 2020, as is frequently the case with his posts. He wrote on X, “The Second Century Begins.” Strategy currently has 720,737 Bitcoin, which is worth more than $48.7 billion.

The last purchase took place on February 23 and March 1, when it purchased 3,015 BTC at an average cost of $67,700 each.

Additionally, this batch represented the company’s 100th Bitcoin purchase. Bitcoin has repeatedly lost this crucial psychological support area, which has now become a resistance level, and has struggled above the $70,000 mark. The most recent factor affecting risk sentiment in cryptocurrency markets is the tensions between the US and Iran.

Bitcoin traded around $67K, which puts it below Strategy’s average purchase cost of roughly $76K.

The stock is currently trading at a discount to its underlying BTC treasury because Strategy’s basic NAV, which calculates the value of its Bitcoin holdings to its market capitalization, was slightly less than 1. Some investors were cautious since the company has continued to finance its Bitcoin accumulation strategy through debt and equity financing, as evidenced by the roughly 4.5 percent decline in strategy shares on March 6.