Once in "paper loss"! Strategy increases holdings by 855 Bitcoins again. How long can buying more on dips sustain?

2026-02-04 05:41:20

Abstract generation in progress

The recent trend in the cryptocurrency market has been thrilling, but Michael Saylor, known as the “Bitcoin Bull” in the crypto world, once again demonstrates his iron will. According to the 8-K report filed with the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy invested an additional $75.3 million from January 26 to February 1, acquiring 855 Bitcoin. Based on data posted by Michael Saylor on social media platforms, Strategy currently holds a total of 713,502 Bitcoin, valued at approximately $56 billion, with an average purchase cost of $76,052 per Bitcoin, and a total investment of about $54.3 billion (including related fees and expenses).

Strategy has acquired 855 BTC for ~$75.3 million at ~$87,974 per bitcoin. As of 2/1/2026, we hodl 713,502 $BTC acquired for ~$54.26 billion at ~$76,052 per bitcoin. $MSTR $STRC https://t.co/tYTGMwPPUF

— Michael Saylor (@saylor) February 2, 2026

From the perspective of the overall Bitcoin supply, Strategy’s holdings are already quite significant, accounting for over 3.4% of the total supply of 21 million Bitcoins. However, with recent declines in Bitcoin prices, such a large position has also seen its unrealized gains rapidly shrink. Based on current prices, Strategy’s unrealized profit (floating gains) has decreased to approximately $1.2 billion. It is worth noting that Bitcoin briefly dipped below $76,000 on Monday, falling below Strategy’s average cost basis, resulting in the company’s first unrealized loss (floating loss) since October 2023, facing the risk of being “locked in.” Although the price later recovered, market discussions continue on whether Strategy’s aggressive “debt-financed Bitcoin purchases” can withstand a prolonged bear market. Regarding funding sources, Strategy’s recent acquisitions still follow the familiar market approach—selling its own stock to raise funds for Bitcoin purchases. Documents show that last week, Strategy sold a total of 673,527 shares of MSTR stock, raising approximately $106.1 million. The company still has about $8.06 billion worth of MSTR stock available for future issuance and sale.

BTC-2.61%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.