Strategy (MSTR) Stock Drops 7% as Company Buys $75M More Bitcoin Before Weekend Crash
The post Strategy (MSTR) Stock Drops 7% as Company Buys $75M More Bitcoin Before Weekend Crash appeared on BitcoinEthereumNews.com.
TLDR Strategy stock dropped 7.7% in premarket trading after Bitcoin fell below $75,000 over the weekend Bitcoin briefly dipped under Strategy’s average purchase price of $76,037, hitting a 10-month low of $74,553 The company bought 855 more Bitcoin tokens for $75.3 million last week despite the downturn Strategy now holds 713,502 Bitcoin purchased for $54.26 billion total Bitcoin has recovered to around $77,868, putting Strategy’s holdings at approximately $55.6 billion Strategy stock took a hit in premarket trading after Bitcoin’s rough weekend sent the cryptocurrency tumbling below key price levels. Shares dropped 7.7% while the Nasdaq Composite fell just 0.7%. Strategy Inc, MSTR The world’s largest cryptocurrency touched $74,553 over the weekend. That’s a 10-month low and, more importantly, below Strategy’s average purchase price. The company has acquired 713,502 Bitcoin tokens at an average cost of $76,052 each. That’s a total investment of $54.26 billion. When Bitcoin hit its weekend low, Strategy’s entire position was worth just $53.1 billion. The company was underwater on its massive bet. Bitcoin has since bounced back. The cryptocurrency trades around $77,868, a 1.1% gain over the past 24 hours according to CoinDesk. That recovery pushes Strategy’s holdings back to approximately $55.6 billion in value. The company is slightly above water again. Strategy Buys More Despite Price Drop Strategy revealed Monday it purchased another 855 Bitcoin tokens last week. The company paid roughly $87,974 per token, spending $75.3 million total. The purchase happened during the seven-day period before Bitcoin’s weekend crash. Strategy funded the buy through common stock sales. This was a smaller acquisition than usual. The company has typically bought hundreds of millions or even billions of dollars worth of Bitcoin in recent months. Executive Chairman Michael Saylor teased the purchase over the weekend on X. He posted a chart of Strategy’s crypto holdings…
Filed under: News - @ February 2, 2026 7:23 pm