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Strategy purchased 855 bitcoin for $75.3 million on February 1, bringing the company’s total holdings to 713,502 BTC and reinforcing Michael Saylor’s conviction strategy even as crypto markets face significant selloff pressure.
The purchase, disclosed in a company update dated February 2, 2026, lifts Strategy bitcoin holdings to 713,502 BTC as of February 1, cementing the firm’s position as the largest corporate holder of bitcoin globally. The acquisition was executed at an average price of roughly $87,974 per bitcoin.
The latest addition to Strategy bitcoin holdings comes during a period of heightened stress across crypto markets, with leverage-driven liquidations weighing heavily on prices over the past week. Bitcoin and ether both recorded steep declines, triggering renewed debate over institutional risk tolerance.
Strategy, however, has remained consistent. The firm has continued to buy bitcoin across both rallies and drawdowns, reflecting a long-term thesis that views short-term volatility as noise rather than signal.
Michael Saylor, executive chairman and co-founder of Strategy, has repeatedly framed bitcoin as a superior store of value and a core pillar of future financial infrastructure.
According to the company’s filing, Strategy bitcoin holdings were acquired at a total aggregate cost of approximately $54.26 billion. That figure includes fees and expenses and equates to an average purchase price of about $76,052 per bitcoin.
With bitcoin trading in the mid-$70,000 range in recent sessions, the disclosure highlights how closely Strategy’s overall cost basis now aligns with prevailing market prices following the weekend selloff.
Analysts note that this positioning underscores both the scale of Strategy’s exposure and the conviction underpinning its treasury strategy.
Strategy said the latest bitcoin purchase was funded through proceeds generated under its at-the-market (ATM) equity offering program, a financing mechanism the firm has relied on heavily to expand Strategy bitcoin holdings.
Between January 26 and February 1, 2026, the company sold 673,527 shares of its Class A common stock, raising net proceeds of approximately $106.1 million.
The ATM program allows Strategy to raise capital opportunistically while maintaining flexibility, a structure that has enabled the firm to steadily increase its bitcoin exposure without taking on traditional debt at scale.
Market observers view the expansion of Strategy bitcoin holdings as a notable institutional signal at a time when many investors are de-risking. Broad-based selling across crypto markets has been driven by leverage washouts, tighter financial conditions, and uncertainty around global macroeconomic policy.
Despite these pressures, Strategy’s approach remains unchanged. The firm continues to position bitcoin as a long-duration asset, arguing that its fixed supply and decentralized nature offer protection against currency debasement and systemic risk.
For years, Strategy bitcoin holdings have effectively transformed the company into a leveraged proxy for institutional bitcoin exposure. Equity investors gain indirect access to bitcoin price movements through Strategy’s balance sheet, a structure that has drawn both strong supporters and vocal critics.
Supporters argue the model offers a clean and scalable way for public-market investors to gain bitcoin exposure. Critics, meanwhile, warn that the strategy amplifies downside risk during prolonged market downturns.
Still, the firm’s continued accumulation suggests management remains confident in bitcoin’s long-term trajectory.
Separately, a tranche of Epstein-related documents released by the U.S. Department of Justice on January 31 included a 2010 email referencing Michael Saylor in connection with a high-profile charitable event and elite social invitations.
The documents did not allege wrongdoing by Saylor. Our team contacted Saylor’s press team seeking comment on the reference and any potential connection, but did not receive a response at the time of publication.
The disclosure appears unrelated to Strategy bitcoin holdings or the company’s treasury operations.
As of early February 2026, Strategy bitcoin holdings represent one of the largest and most concentrated institutional treasury allocations in the digital asset space. The firm’s average purchase price remains well below its most recent acquisition, offering some cushion against near-term volatility.
Whether Strategy continues to add bitcoin at the same pace will likely depend on market conditions, equity demand for its shares, and broader macro developments. For now, the message from management is clear: Strategy remains committed to bitcoin accumulation regardless of short-term price swings.
In a market defined by uncertainty, Strategy bitcoin holdings continue to stand out as one of the most aggressive—and closely watched—bets on bitcoin’s long-term future.
