On the Unfortunate Pursuit of the “Orange Century” and the Perils of Averaging Down

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It is a truth universally acknowledged, that a gentleman in possession of a substantial fortune must be in want of further investment, even when the market trembles in fear. While the crypto world, in its collective wisdom, sought solace from the recent crash, Mr. Michael Saylor, with the enthusiasm of a man courting disaster, chose to plunge deeper into the abyss.

His enterprise, formerly known as MicroStrategy, hath achieved a notable feat, having secured its centennial acquisition of Bitcoin [BTC] on the 22nd of February. A sum of 592 BTC was procured for the princely sum of $39.8 million, a transaction that hath elevated their holdings to a staggering 717,722 BTC. One might pause to admire such audacity, were it not for the specter of $54.56 billion spent in this noble endeavor, with an average cost of $76,020 per coin. A price, one might say, worthy of a queen’s dowry.

Yet, as the adage goes, “What is bought with gold may be lost with folly.” The company now bears nearly $7 billion in unrealized losses, a figure that hath transformed jubilation into murmurs of discontent among investors. Such is the price of ambition in an age of volatility.

Community Reactions Spark Intrigue

Among the critics, none have been more vocal than the esteemed Peter Schiff, a man whose skepticism of Bitcoin is as steadfast as his disdain for paper currency. Upon hearing of Mr. Saylor’s triumph, he observed with a mixture of bemusement and concern:

“Congratulations, you have at last averaged down. Yet, dear sir, did you not perceive that your last purchase hath already depreciated by 5%? As you persist in this merry dance, your losses shall swell with each step, a waltz of folly indeed.”

A fellow commentator, equally astute in their critique, added:

“There lies a curious irony in Mr. Saylor’s strategy: each announcement of a new purchase is met with the market’s cold shoulder. Though he claims the mantle of visionary, his timing resembles that of a man who enters a ball just as the lights dim and the guests depart.”

One might also note the recent “Orange Century” proclamation, which, once a rallying cry of optimism, now rings with the tedium of a man repeating a stale joke to a disinterested audience.

To add further spice to this narrative, a beleaguered investor recently recounted their tribulations with MSTR, which hath plummeted 68.28% in a year’s time. They lamented:

“Though my stake is but a trifle, it now resides at the nadir of my portfolio. I begin to comprehend why some advocate for #Bitcoin in cold storage-perhaps it is preferable to a warm seat in a sinking ship.”

Market Bleeds-Should You Be Concerned?

This lamentable state coincided with Bitcoin’s descent, which fell 3.79% in 24 hours to $63,234.71. Meanwhile, MSTR’s stock, a vessel of dubious stability, dropped 5.60% to $123.71. But Mr. Saylor is not alone in his misfortunes. On the 23rd of February, Mr. Tom Lee’s Bitmine (BMNR) mirrored this strategy, acquiring 51,162 Ethereum [ETH] for $98.33 million.

Bitmine now holds 4.42 million ETH, yet with an average cost of $3,821, their position is submerged in $8.4 billion of unrealized loss. Their stock, like a ship in a storm, sank 4.52% to $19.22, while Ethereum itself drifted lower by 2.59% to $1,828.64. Thus, the question now is not whether to buy more Bitcoin, but who shall endure the tempest with the most fortitude.

Final Summary

  • The fervor for Bitcoin accumulation hath cooled, leaving naught but weary sighs in its wake.
  • Social sentiment, once buoyant, now floats on a sea of doubt, its optimism long since dashed upon the rocks of reality.

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2026-02-24 17:59