In a bold move during a tumultuous period for the cryptocurrency market, Strategy has acquired 1,142 Bitcoin (BTC) for approximately $90 million. This acquisition took place between February 2 and February 8, 2026, as revealed by a recent filing with the U.S. Securities and Exchange Commission (SEC).
Michael Saylor”s U.S.-based software firm continues to bolster its Bitcoin holdings, which now total 714,644 BTC, valued at $49.44 billion based on the current price of $69,000 per Bitcoin. According to data from Bitcoin Treasuries, the average purchase price for these holdings stands at $76,052. Despite the recent decline in Bitcoin”s value, Strategy”s overall crypto portfolio has seen a decrease of 9.05%.
The company”s stock, trading under the symbol MSTR, has also faced challenges, dropping 14.24% in the past month and 11.20% year-to-date, as indicated by Google Finance data. This decline closely mirrors Bitcoin”s bearish trend over recent weeks. Bitcoin has experienced a 3.16% decrease over the last 24 hours and a significant 11.71% drop over the past week, currently trading below the critical support level of $75,000.
Since the beginning of the year, Bitcoin has plummeted by more than 20% and has fallen over 45.38% from its all-time high of $126,198 recorded on October 6. Prior to this latest purchase, Strategy had acquired 855 BTC for $75.3 million at an average price of $87,974 between January 26 and February 1. In the week prior, the firm purchased 2,932 BTC for $264.1 million at an average price of $76,040.
Phong Le, the CEO of Strategy, expressed confidence in Bitcoin”s long-term potential, advising shareholders to remain patient during this correction phase. He highlighted the cyclical nature of Bitcoin, recalling the 2022 bear market when prices dropped from $68,000 to $16,000. Le projected that Bitcoin could reach $1 million over the next seven years, anticipating that any future corrections would be limited to 25% of its peak value.
Strategy”s recent Bitcoin purchases align with a broader trend among crypto whales, who have been actively accumulating Bitcoin during this downturn. On February 6, on-chain data indicated that these large holders purchased 66,940 BTC, marking the most significant single-day inflow since 2022. This surge in whale activity comes in the wake of heightened selling pressure, with over 30,000 small retail wallets liquidating their holdings within 24 hours.
Additionally, miners have shown signs of capitulation as Bitcoin dipped below the $70,000 mark. Analysts are predicting that the downtrend may persist, citing a lack of bullish catalysts and notable outflows from U.S. Bitcoin exchange-traded funds (ETFs) in recent weeks.
