A Mark Twain-Style Take on Saylor’s Bitcoin Bet

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Markets

What to know:

  • Bitcoin treasury company Strategy bought 1,142 bitcoin for $90 million last week.
  • The pile now stands at 714,644 bitcoin bought for $54.35 billion, averaging $76,056 a coin.
  • Shares are down nearly 4% premarket as bitcoin drifts from Friday’s near-$70,000 close.

Strategy (MSTR) added to its bitcoin holdings, but it looks like all them coins were bought before the price took a nosedive in the back half of the week, like a mule deciding to sit down for a spell.

Under the steady eye of Executive Chairman Michael Saylor, the outfit added 1,142 bitcoin for $90 million, averaging $78,815 a coin. Strategy’s hoard now totals 714,644 bitcoin, purchased for $54.35 billion, at an average price of $76,056 each.

Bitcoin on Monday morning is trading just under $69,000, a 2.6% dip in the last day. MSTR shares are down 3.9% as well, which is a polite way of saying the market’s got a case of the blues and the blues are naming their price.

Last week’s acquisitions were funded by the sale of common stock.

With an average purchase price of $78,815, it seems Strategy did its buying on Monday or Tuesday last week, just ahead of the swift slide that dragged Bitcoin down to around $60,000 on Thursday.

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2026-02-09 16:42