The idea was to use an infinite series of triangles. The red then green then the... to get the area of this sector then the area of the circle is 16 times this. If it is a unit circle than area should equal Pi.
Here is the series I got using Pythagorean’s theorem , is it correct?
$$\begin{align} A&=3r^{2} + 12\sum_{ n=0}^{\infty}2^{n-1}x_{n}\left(1-\sqrt{r^{2}-\frac{x{_{n}}^{2}}{4}}\right),\\ x_{0}&=r\sqrt{2-\sqrt{3}} ,\\x_{n+1}&=\sqrt{2r^{2}-2r\sqrt{r^{2}-\frac{x{_{n}}^{2}}{4}}} \end{align}$$
So-for-a-unit-circle
$$\begin{align} \pi&=3 + 12\sum_{ n=0}^{\infty}2^{n-1}x_{n}\left(1-\sqrt{1-\frac{x{_{n}}^{2}}{4}}\right),\\ x_{0}&=\sqrt{2-\sqrt{3}} ,\\x_{n+1}&=\sqrt{2-2\sqrt{1-\frac{x{_{n}}^{2}}{4}}} \end{align}$$

Numerical calculation suggests that you have made an error (or that I have, of course.)
produces the output
Have you dropped a factor of $12$ before the sum, perhaps?