MicroStrategy Adds More Bitcoin – Brave New Coin
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Last week, Strategy — the biggest corporate Bitcoin holder on the planet and the company famously associated with Michael Saylor — quietly scooped up more BTC as markets slid. According to a fresh SEC filing, the firm bought 855 bitcoins for about $75.3 million. That works out to roughly $87,974 per BTC on average — even as prices briefly plunged below $75,000 at one point last weekend. This wasn’t just a random buy-the-dip moment. It marked the first time since late 2023 that Bitcoin traded beneath Strategy’s average cost basis — around $76,052 per coin — giving the firm a rare opportunity to acquire BTC at a price lower than what much of its existing stash cost it. That snapshot contrasts with the typical script: prices trading above their cost basis for long stretches, encouraging confidence from other holders. Bitcoin is up overnight, regaining $78,000, Source: Brave New Coin The result: Strategy’s Bitcoin hoard now sits at 713,502 BTC on the books. At that scale, incremental buys like this barely move the needle — but they matter narratively. In a market gripped by fear and technical breakdowns, any sustained accumulation by a seasoned, headline-making whale speaks to a deliberate long-term conviction rather than short-term momentum chasing. On the market’s side, the weekend dip under $75K triggered renewed bearish chatter, with some traders betting Bitcoin could test levels closer to $65,000 later this year. Yet interestingly, markets that price in fear can eventually overshoot, and on betting markets like Polymarket, odds still lean toward Strategy’s holdings reaching 800,000 BTC by year’s end — implying continued institutional accumulation pressure. Polymarket traders suggest Strategy will own 800,000 BTC by end of 2026, source: Polymarket Saylor’s crew used a rare below-cost opportunity to add more Bitcoin. It’s not a game-changer for their balance sheet,…
Filed under: News - @ February 2, 2026 6:26 pm