- Michael Saylor has posted “99>98” on X.
- Bitcoin price is down by 2.78% over the last 24 hours.
- A statement by Scott Bessent could also be a factor behind BTC purchase.
Michael Saylor, Founder of Strategy, has hinted that Strategy could buy bitcoin again. The latest BTC purchase could come at a time when Bitcoin price has dropped below $69k. A statement by U.S. Treasury Secretary Scott Bessent could also be a potential factor, given that it signals a positive outlook towards the future of BTC and other cryptocurrencies.
Michael Saylor on BTC Purchase by Strategy
Michael Saylor has published a post on X, saying “99>98,” implying that his company’s 99th purchase has been better than the previous purchase. His post hints that Strategy has accumulated the flagship token and could continue to do so in the times to come.
Saylor and Strategy’s support for BTC is not new. In fact, Strategy earlier posted on X, explaining the lowest BTC price level it can absorb. A Bitcoin Treasury Company stated that it can withstand even the lowest Bitcoin price of $8k. The company added that it would still have enough assets to cover its debt.
Drop in Bitcoin Price
Bitcoin price, at the time of writing this article, is down by 2.78% over the last 24 hours and 28.23% over the last month. It is now trading at $68,351.79, down by 45.89% from the ATH of $126,198.07, which was recorded on October 07, 2025. BTC price nearly moved within a range from around mid-November 2025 to mid-January 2026 before dropping significantly by early February 2026.
Notably, Spot Bitcoin ETF has broken the 2-day streak of heavy outflows. It noted an inflow of $15.1 million on February 13, 2026, taking the historical cumulative inflow to $54.31 billion. Outflows on February 11 and 12 were $276.3 million and $410.2 million, respectively.
Potential Factor Behind Recent BTC Accumulation
One additional factor that might have triggered the recent accumulation, apart from the price drop, is a statement by the U.S. Treasury Secretary Scott Bessent. He, on Friday, emphasized that Congress must work on passing the bill to create federal rules for cryptocurrencies.
Bessent further said that the Clarity Act could give great comfort to the market at a time when volatility is high. A discussion around getting federal rules and regulations for digital assets is often seen as a bullish sign because it builds on Trump’s commitment to making America a crypto capital of the world.
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