Saylor's Strategy to Announce $500 Million Bitcoin Buy This Week, Vinny Lingam Says

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Saylor to announce $500 million Bitcoin acquisition: Lingam Bitcoin briefly plunges to $64,200 Advertisement Prominent internet entrepreneur Vinny Lingam has taken to his account on the X app to comment on Strategy’s massive Bitcoin purchases and say that he expects them to announce another one this week. Meanwhile, the Bitcoin price has briefly touched the $64,200 bottom last seen on Feb. 5. By now, BTC has rebounded, paring some of its losses. Saylor to announce $500 million Bitcoin acquisition: Lingam According to the tweet, Vinny Lingam, known for his bullish Bitcoin stance, expects Michael Saylor, Executive Chairman of Strategy, to announce that the company has bought $500 million worth of digital gold at $68,000 per coin on average over the past week. HOT Stories Crypto Market Review: XRP's Double Bottom Could Be Key, Bitcoin Is Literally on the Edge, Shiba Inu (SHIB) Price Is Trapped Now Strategy on Track to Reach 750K BTC as Saylor Teases Another Purchase Can’t wait for Saylor to announce tomorrow that he bought $500m worth of Bitcoin at an average price of $68,000 this past week… Advertisement — Vinny Lingham (@VinnyLingham) February 23, 2026 Saylor has indeed been making such announcements every week. Sometimes, though, there are short breaks, during which no such announcements are made. However, last week, the largest Bitcoin treasury company stated it had bought 2,486 BTC for approximately $168.4 million. The company now holds a mind-blowing 717,131 BTC in total. This amount of the bellwether crypto is valued at $47,158,046,910. However, there might be a certain share of sarcasm in Lingam’s tweet since Bitcoin has been recently crashing in price, so, logically, large holders are going to buy more BTC on this dip, while billions of USD are being wiped off the market as “paper hands” are selling their coins. Users on Polymarket are betting that the next announcement by Saylor will take place on March 2. In the meantime, Saylor himself posted a tweet on Sunday, hinting at a new BTC purchase to be made public soon: “The Orange Century.” Orange is the color associated with Bitcoin. Advertisement You Might Also Like Sun, 02/22/2026 - 13:01 'Biggest Beneficiary Will Be Bitcoin': Jeff Park on BTC's Massive Supply Advantage By Arman Shirinyan Bitcoin briefly plunges to $64,200 A report published by the on-chain data aggregator Santiment earlier today speaks about multiple liquidations and a big fall in Bitcoin open interest, which resulted in Bitcoin’s brief but substantial drawdown of 4.5% within just a couple of hours. This pushed BTC down to a $64,200 low, which has not been seen since Feb. 5. 📉 Bitcoin just dropped -4.5% in the span of just 2 hours, falling to a market value of $64.2K for the first time since February 5th. 🌊 Many longs have gotten liquidated, and $BTC open interest has dropped to as low as $19.5B, under half of the 2026 peak of $38.3B back on… pic.twitter.com/ujhMRhTXTw — Santiment (@santimentfeed) February 23, 2026 A lot of long positions were liquidated, the report says, while the open interest crashed to $19.5 billion, while on Jan. 14, this metric stood at a peak of $38.3 billion. However, as Bitcoin rebounded to $65,000, retail investors entered the FUD mode. Historically, it helps BTC to recover quickly. #Bitcoin #Michael Saylor #Strategy News