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‘Orange March continues’ – Michael Saylor’s Bitcoin buys continue despite ‘Extreme Fear’

By Ishika Kumari · Published March 23, 2026 · 2 min read · Source: AMBCrypto
Bitcoin
Written by Written by Ishika Kumari Reviewed by Reviewed by Saman Waris Updated 17:30 IST March 23, 2026 Share Share
'Orange March continues' - Michael Saylor's Bitcoin buys continue despite 'extreme fear'

Michael Saylor’s Bitcoin [BTC] strategy continues to stand strong, no matter how much the market goes up or down. In a recent post on X, he hinted that Strategy (formerly MicroStrategy) is not done yet and plans to keep accumulating Bitcoin.

Saylor simply said, 

The Orange March Continues.

Saylor's orange dot tease
Source: Michael Saylor/X

If you look closely, Saylor’s Strategy is doing more than just “buy and hold.” Behind the scenes, the company is raising money, like selling shares, to keep buying more Bitcoin.

This helps them collect a large portion of Bitcoin’s limited supply on their balance sheet. This approach shows that Saylor strongly believes in Bitcoin as a long-term asset, even when the market is uncertain.

Market conditions are raising eyebrows

That being said, the current market reflects strong fear among retail investors, with Bitcoin hovering around $68,578 and the Crypto Fear & Greed Index firmly in the “extreme fear” zone.

Crypto fear and greed index
Source: Alternative

Many traders are even betting on Bitcoin’s price dropping below $45,000 rather than a move toward $100,000 this year. Yet, despite this sentiment, Strategy continues to buy Bitcoin without hesitation.

So far, the company has made 103 purchases, accumulating a massive 761,068 BTC. However, due to aggressive buying at higher levels, its average purchase price stands at around $75,696, putting its $52.36 billion holdings at an unrealized loss of roughly 9%.

This clearly shows a strategy focused on accumulation rather than timing the market.

Strategy’s “buy the dip” formula

MSTR’s stock is also under slight pressure, trading at $135.66 at press time. However, looking at MSTR stock options, there’s a clear battle happening.

Many traders have placed “put” bets between $80 and $110, which suggests they believe the stock has strong support in that range and may not fall much lower.

Open Interest for MSTR options
Source: OptionCharts.io

At the same time, there are even bigger “call” bets between $140 and $160. Since the stock is around $136, any upward move could push it higher quickly.

This is because market makers may need to buy more shares, which can drive the price toward $160. 

At this pace, analysts believe the company could eventually hold more Bitcoin than Satoshi Nakamoto (who is estimated to own about 1.1 million BTC) by March 2027.


Final Summary

Ishika Kumari

Journalist

Ishika Kumari is a Crypto Analyst at AMBCrypto, specializing in regulatory developments, market dynamics, and blockchain’s real-world impact. She breaks down complex protocols and legislation into practical, easy-to-understand insights.

This article was originally published on AMBCrypto and is republished here under RSS syndication for informational purposes. All rights and intellectual property remain with the original author. If you are the author and wish to have this article removed, please contact us at [email protected].

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