Bitcoin: The Comedy of Errors Continues with Another $90 Million Purchase!

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In a rather astonishing twist of fate that could only be described as a cosmic joke, Michael Saylor, the Bitcoin bard and self-proclaimed knight of the cryptocurrency realm, has just announced that Strategy has boldly ventured forth to acquire yet another batch of BTC. This time, they’ve splurged a staggering $90 million on a mere 1,142 units, because clearly, what’s a little financial loss among friends?

Now, hold onto your hats, dear readers, as this brings their grand total to a mind-boggling 714,644 BTC, all purchased at an average price of $76,056, which translates to a slightly eye-watering total of $54.35 billion. Unfortunately, their fortune seems to have taken a leisurely stroll southward, as Bitcoin itself is currently flirting with prices below $70,000. Ah, the sweet taste of unrealized losses!

Strategy has acquired 1,142 BTC for ~$90.0 million at ~$78,815 per bitcoin. As of 2/8/2026, we hodl 714,644 $BTC acquired for ~$54.35 billion at ~$76,056 per bitcoin. $MSTR $STRC

– Michael Saylor (@saylor) February 9, 2026

It appears that the cryptocurrency merry-go-round has taken a dizzying spin recently. With an average purchase price of $78,815 per BTC, it’s safe to say that these acquisitions were made either on Monday or Tuesday, right before the market decided to do its best impression of a rollercoaster. I mean, who wouldn’t want to buy high and watch it plummet like a lead balloon?

This daring move has left some members of the cryptocurrency community scratching their heads, including one Satoshi Flipper, who was not shy about expressing his bewilderment. “Buying BTC at these levels, even with DCA,” he mused, “makes these purchases beyond silly.” This truly begs the question: can one be ‘beyond silly’ in a market that seems to revel in absurdity?

DCA all the way but what’s up with these purchase prices, they are beyond silly.

$78k?

So the last time price was $78k it was 2/2-2/3 … these must be purchases made 1 week ago.

– Satoshi Flipper (@SatoshiFlipper) February 9, 2026

And as if the plot couldn’t thicken any further, Strategy’s stock prices had been gallivanting through the stratosphere just last week, soaring by over 26% to $135. Alas, today brings a grim reminder that stocks are fickle creatures; MSTR has taken a dive of nearly 4% in pre-market trading. On a monthly scale, it’s down by 14%, despite Friday’s brief fling with optimism. Truly, investing in crypto is much like trying to keep a pet rock: it requires a certain level of hope, delusion, and perhaps a dash of insanity.

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2026-02-09 16:30