MSTR Stock Price Drops 5% as Saylor Buys 1,142 BTC ($78M) Dip
The post MSTR Stock Price Drops 5% as Saylor Buys 1,142 BTC ($78M) Dip appeared on BitcoinEthereumNews.com.
Strategy (NASDAQ: MSTR) stock slid 5% to $128 in pre-market trading today, erasing morning gains even as Michael Saylor’s team revealed another aggressive 1,142 Bitcoin purchase worth $78 million at an average $68,300/BTC. This latest dip-buy pushes total holdings to a staggering 715,000 BTC, valued at roughly $48.7 billion, solidifying Strategy’s status as the planet’s top corporate BTC whale, controlling ~3.4% of Bitcoin’s circulating supply. The paradoxical selloff underscores mounting frustration with Saylor’s capital recycling machine: issuing fresh shares via ATM offerings to fund endless accumulation, diluting existing holders in the process. Buy Execution and Funding Mechanics The acquisition was bankrolled through Strategy’s at-the-market equity program, a tactic refined to perfection since Saylor pivoted the firm into a “Bitcoin treasury company” back in 2020. Average cost basis now sits at ~$76,000 per BTC (including premiums and fees), leaving the stack modestly underwater amid Bitcoin’s recent slide toward $68K lows from January peaks. Source: strategy.com This batch follows hot on 855 BTC scooped up for $75M just days ago on Feb 2, plus steady ATM inflows exceeding $100M weekly, relentless execution of the “infinite money glitch” playbook that converts paper volatility into permanent ownership. Critics highlight the math: shares outstanding have ballooned 20% YTD through these raises, pressuring per-share BTC exposure and NAV multiples. Yet Saylor remains unflinching, framing each buy as engineering digital scarcity into generational wealth. Treasury Empire: 715K BTC Milestone Strategy’s hoard now eclipses entire mining giants like Marathon Digital (~45K BTC) and even countries such as Bhutan, with a total cost basis exceeding $54.35 billion. At current prices, this represents ~10-15% unrealized losses, but Saylor’s long-term thesis: Bitcoin as “apex property” hedging fiat erosion shrugs off mark-to-market noise. The rebrand to “Strategy” emphasizes this BTC-first identity, positioning MSTR less as software (now ancillary revenue) and more as leveraged BTC exposure for institutions wary of direct custody. MSTR Technicals: $128…
Filed under: News - @ February 9, 2026 2:27 pm