Well, folks, gather ’round because we have yet another episode in the thrilling saga of Bitcoin-where fortunes are made and lost faster than you can say “blockchain.” American business intelligence and software firm Strategy Inc., led by the ever-enthusiastic Michael Saylor, has decided to sprinkle a fresh $75.3 million onto the Bitcoin bonfire by purchasing a whopping 855 Bitcoins. Just as the price of Bitcoin was plummeting like a rock off a cliff, mind you.
Strategy’s Bitcoin Holdings
Over the weekend, in a move that can only be described as either visionary or utterly mad, Saylor hinted at plans to buy even more of the digital gold, a ritual this company has been indulging in since 2020. Yes, that’s right, it’s like going back for seconds at an all-you-can-eat buffet, even though the food is starting to look a little… questionable.
So, how much did they fork over for these shiny new coins? A staggering $87,974 per Bitcoin! As of February 1, the company proudly announced it now holds a total of 713,502 BTC, which they acquired for approximately $54.26 billion-a price tag that makes even the most extravagant home renovations seem reasonable.
“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” – Michael Saylor (@saylor) February 2, 2026
This average purchase price puts Strategy in a rather sticky situation, as Bitcoin’s value currently hovers around $77,843.32-down 0.73% in just the last 24 hours. It’s almost like buying a vintage wine bottle only to find out it’s turned into vinegar by the time you open it.
As prices dipped over the weekend, they fell below the company’s average purchase price-an unforeseen twist that might leave investors feeling a tad uncomfortable. Yet, in a show of remarkable optimism (or perhaps sheer stubbornness), Saylor and his team are committed to buying Bitcoin as a long-term asset. Talk about putting your money where your mouth is!
More Firms Buying Bitcoin Dip
But wait, there’s more! Michael Saylor isn’t alone in his bullish endeavors; the Binance exchange has also jumped on the bandwagon, announcing a purchase of $100 million worth of Bitcoin for its reserves. It seems like everyone wants a piece of the pie, even if it’s starting to look a bit moldy.
While many market observers are wringing their hands over intense sell-offs and wild volatility, the pro-Bitcoin crowd is reveling in what they see as a discount on the digital currency. Who doesn’t love a good sale, right?
However, it’s important to note that this rosy outlook doesn’t exactly erase the nearly $1 billion in unrealized losses Strategy has amassed from its latest Bitcoin escapade. Ouch! And it gets worse; other crypto treasury firms, such as Tom Lee’s Bitmine, are also feeling the pinch, with portfolios reportedly down by over $6 billion. It’s a bit like watching a group of friends all lose their money at a casino-tragic, yet oddly entertaining.
As the industry waits with bated breath for a recovery, all eyes are on Strategy and its audacious funding model, especially as its stock price free-falls faster than a lead balloon. According to Google News, MSTR stock was trading at $138.62 in pre-market, down by over 7% in 24 hours. Someone pass the popcorn; this rollercoaster isn’t over yet!
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2026-02-02 18:44