Strategy (MicroStrategy) buys 1,142 BTC for ~$90M: what to know
Strategy (MicroStrategy) added 1,142 BTC last week for about $90 million, implying an average purchase price near $78,815 per bitcoin, as reported by CoinCentral (https://coincentral.com/strategy-mstr-stock-slides-3-despite-adding-1142-btc-to-its-expanding-treasury/). The buy occurred during the week of February 2–8, 2026.
The move extends the company’s treasury accumulation program, keeping MSTR’s equity profile tightly aligned with bitcoin. Funding mechanics and balance sheet positioning remain central to investor focus.
Why it matters: ATM equity funding, dilution, and treasury strategy
According to the report, Strategy financed the purchase through at-the-market equity issuance, selling about 616,000 shares for roughly $89.5 million. Equity funding can dilute existing holders, particularly if issuance accelerates when the stock is weak.
Analyst commentary in that coverage frames the buy as conviction-driven rather than reactive to short-term price action. It also highlights how repeated accumulation underpins the firm’s core narrative.
“He almost has to keep buying,” said MarketWatch (https://www.marketwatch.com/story/he-almost-has-to-keep-buying-why-michael-saylors-strategy-is-doubling-down-on-bitcoin-d6c8dcd6), characterizing why the company continues doubling down on bitcoin even amid drawdowns.
Immediate impact: MSTR reaction and updated Bitcoin holdings metrics
The stock reaction was muted-to-negative around the update, with shares sliding more than 3% despite the incremental BTC, the report noted. That response reflects ongoing concerns about dilution and paper P/L sensitivity to BTC.
At the time of this writing, MSTR traded near $136.46, up about 1.13% intraday, based on data from Yahoo Finance (https://finance.yahoo.com/). Price data may be delayed and are for context only.
The report also tallied updated holdings at about 714,644 BTC acquired for roughly $54.4 billion, implying an average cost near $76,056 per coin. With a current market value around $49.2 billion, that equates to an estimated paper loss of approximately $5.2 billion.
Balance sheet, dilution risk, and sustainability outlook
Debt maturities and liquidity flexibility through 2028
The report indicates no material debt maturities before 2028, which reduces near-term liquidity pressure. That long-dated profile provides optionality to manage issuance pacing and treasury decisions through volatility.
ATM equity usage and dilution signals to monitor
Ongoing ATM usage concentrates attention on three signals: the effective price of new shares relative to perceived bitcoin-linked NAV, the cadence of issuance, and remaining authorization capacity. Faster issuance when shares are weak can magnify dilution.
Conversely, slower issuance alongside long-dated liabilities can limit immediate pressure but may constrain purchase velocity. The sustainability of the accumulation model remains condition-dependent on equity market receptivity and BTC volatility.
FAQ about MicroStrategy Bitcoin purchase
How did Strategy fund the purchase, did it issue new shares via an ATM equity offering or add debt?
Funded via an ATM equity offering, selling about 616,000 shares for roughly $89.5 million; no new debt disclosed in the report.
What are Strategy’s total BTC holdings, average cost basis, and current paper gain or loss?
About 714,644 BTC at ~$76,056 average cost; roughly $5.2 billion paper loss at ~$49.2 billion value versus ~$54.4 billion cost.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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