Strategy, the company formerly known as MicroStrategy, bought 1,142 BTC for roughly $90 million between February 2 and February 8, 2026, funding the purchase through sales of its Class A common stock. The disclosure, made on February 9, 2026, confirms the company is still executing its accumulation playbook even while its broader Bitcoin position has at times been underwater on a mark-to-market basis..
The financing and timing matter because they show Strategy is still willing to convert equity liquidity into BTC exposure during drawdowns. Instead of trimming reserves to manage volatility, the company continued to add to the same asset that has been generating unrealized losses during the recent price weakness.
How the purchase was financed and executed
Strategy reported it acquired the 1,142 BTC at an average price of $78,815 per coin. The company said it funded that buy by selling 616,715 shares of Class A common stock, generating net proceeds of about $89.5 million. In other words, equity holders supplied the marginal capital that enabled the BTC addition, and the transaction’s funding path is visible through public filings and the equity tape.
The February 2–8 execution window also matters in context. Bitcoin traded at intraday levels below Strategy’s stated company-wide average cost basis during parts of that period, which makes this tranche look like a dollar-cost-averaging add-on to an already large position rather than a tactical rebalance. It is incremental exposure layered onto an existing bet.
What the updated treasury profile looks like
As of the February 9 disclosure, Strategy reported total holdings of 714,644 BTC, with cumulative expenditures of about $54.35 billion. That implies an average cost basis of roughly $76,056 per BTC. When market prices sit below that average, the position naturally shows unrealized losses, and disclosures plus market context referenced paper losses that reached around $5 billion at points in the drawdown.
This is the key tension in the strategy: the latest $90 million buy increases nominal exposure and reinforces the company’s directional sensitivity to Bitcoin, even as the existing holdings have recently been marked below cost. The upside is clear if BTC rebounds; the near-term trade-off is that earnings and perceived balance-sheet strength remain highly exposed to price swings.