Strategy (MicroStrategy) buys $90M of Bitcoin; holdings rise to 714,644 BTC
MicroStrategy, led by Michael Saylor, bought 1,142 BTC between Feb. 2–8, 2026 for about $90.0 million at an average price near $78,815, lifting its total Bitcoin reserve to 714,644 BTC. The firm’s aggregate Bitcoin cost basis is roughly $54.35 billion with an average price of $76,056 per BTC. Funding for the purchase came from the sale of 616,715 Class A shares, which generated approximately $89.5 million in net proceeds; MicroStrategy still has roughly $8 billion available under its existing stock-offering program. This February buy follows a larger mid‑January acquisition of 22,305 BTC for $2.1 billion. The company reported significant recent financial stress: a $12.4 billion net loss in Q4 2025 largely due to mark‑to‑market swings and a 64% drop in its stock since its July 2025 peak. MicroStrategy also retains shelf capacity for preferred issuances (including large Series A perpetual and variable‑rate offerings). For traders: the buy continues MicroStrategy’s aggressive corporate BTC accumulation, signals ongoing corporate demand that can support spot liquidity, but comes amid clear balance‑sheet pressure that may lead to further share or asset maneuvers.
Bullish
MicroStrategy’s continued purchases of spot Bitcoin are a direct source of corporate demand for BTC, which is generally price-supportive. The $90M buy (1,142 BTC) is modest relative to the firm’s total holding but reinforces a pattern of sustained accumulation following a much larger January purchase. For short-term trading, the news is mildly bullish: announced corporate buys can tighten available spot supply and trigger positive sentiment or short-covering. However, the company’s large mark‑to‑market losses, significant stock weakness and the need to fund buys via share sales or potential preferred issuances introduce downside risks; if MicroStrategy needs to liquidate assets or issue more equity under distressed conditions, that could offset demand. In sum, net impact on BTC price is positive but moderate — persistent corporate buying supports longer-term bullish narratives while financial stress at MicroStrategy represents a conditional risk that traders should monitor (share offerings, marked losses, or large-scale sells).