worldcoinindex.com
Bitcoin treasury firm Strategy expanded its holdings again in early February, acquiring 1,142 $BTC for roughly $90 million at an average price of $78,815 per coin, according to a filing with the U.S. Securities and Exchange Commission. The purchases were made between Feb. 2 and Feb. 8 as Bitcoin remained under pressure.
The latest buy brings Strategy’s total stash to 714,644 $BTC, valued at about $49.2 billion at current prices. The company has spent approximately $54.4 billion in total to build that position, paying an average of $76,056 per bitcoin when fees and expenses are included.
At that scale, Strategy now controls more than 3.4% of Bitcoin’s fixed 21 million supply. However, the recent downturn has pushed the firm into an estimated $5.2 billion in unrealized losses on its holdings.
Funding for the acquisition came from ongoing at-the-market sales of Strategy’s Class A common stock. The company sold roughly 616,700 shares for about $89.5 million last week, and said nearly $8 billion worth of shares remain authorized for sale under the program.
The purchase followed another accumulation announced just days earlier, when Strategy revealed it had bought 855 $BTC for around $75 million at an average price of $87,974 per coin. As has become customary, the firm’s executive chairman hinted at the move in advance by updating its public Bitcoin acquisition tracker with the phrase “Orange Dots Matter.”
The aggressive buying comes as Strategy posted a fourth-quarter loss after Bitcoin’s pullback wiped tens of billions of dollars from the value of its digital asset reserves, resulting in one of the largest quarterly losses ever reported by a U.S. public company.
During the earnings call, management said Bitcoin would need to fall to around $8,000 and stay there for five to six years before seriously threatening the company’s ability to service its convertible debt. In such an extreme scenario, the firm said it would consider restructuring or raising additional capital.
Despite the volatility, market observers note that Strategy has reinforced its status as the largest corporate holder of Bitcoin and structured its liabilities with long-dated instruments and no major debt maturities until 2028. The company remains a bellwether for the growing trend of public firms adopting Bitcoin treasury strategies.
According to industry data, 194 public companies now hold Bitcoin on their balance sheets. After Strategy, the largest holders include firms such as MARA, Twenty One, Metaplanet, and several crypto-native and mining companies, each with holdings ranging from roughly 13,000 $BTC to over 53,000 $BTC.