You Won’t Believe Michael Saylor Just Spent $168 Million on Bitcoin Again!

by

Markets

What to know:

  • So, uh, Strategy (MSTR) decided it was a great idea to buy 2,486 bitcoin for a cool $168.4 million last week. Because why not, right?
  • Now they’re sitting on 717,131 BTC-yeah, you heard that right-for a staggering $54.52 billion. That’s an average of $76,027 per coin. But, oh look! The current price is $68,000. Is this what they call a “bargain”? I think not!
  • And how did they fund this little shopping spree? Oh, just casual sales of common stock and the fancy STRC preferred series. No biggie.

In case you missed it, Strategy (MSTR) is still on its relentless bitcoin binge, adding another 2,486 BTC last week. I mean, who needs that money for, I don’t know, food or rent?

With their new stash, their average cost per coin is sitting at $76,027-while Bitcoin’s hanging out at $68,000. So basically, they’re losing around $8,000 per coin. That’s about $5.7 billion in total. Who knew losing money could be so fun?

Last week’s purchases were funded by $90.5 million in common stock sales and $78.4 million from selling their STRC preferred series. Sounds like a plan, right? Who doesn’t love a good financial circus?

MSTR shares are down 3.2% in premarket trading. And let’s not forget, they’ve plummeted more than 60% year-over-year. But hey, it’s all part of the strategy! Or whatever they’re calling it these days.

Read More

2026-02-17 16:25