Michael Saylor’s Strategy Snaps Up 7,633 BTC After Earnings Blackout

Strategy (MSTR) Adds $742M in Bitcoin, Average Price Hits $65,033
Long Live the Green Dots’: Strategy Increases Bitcoin Holdings Post-Earnings
Strategy (MSTR) Resumes Bitcoin Buying Spree with $742M Acquisition

Strategy (MSTR), formerly known as MicroStrategy, has significantly increased its bitcoin (BTC) holdings, purchasing 7,633 BTC worth $742.4 million in the week ending February 9, according to Executive Chairman Michael Saylor’s post on X.

The Tysons Corner, Virginia-based company now holds a total of 478,740 BTC, with the latest acquisition made at an average price of $97,255 per bitcoin. This has raised the company’s overall average purchase price to $65,033 per BTC.

Notably, Strategy did not purchase any bitcoin during the week ending February 2, likely due to a blackout period surrounding its fourth-quarter earnings report. On February 6, the company reported a net loss of $3.03 per share, a sharp decline compared to the $0.50 per share profit in the same period last year.

According to an 8-K filing, the recent bitcoin purchases were funded through proceeds from the sale of shares under a sales agreement and a perpetual preferred equity offering from Strike (STRK).

In his signature style, Michael Saylor teased the announcement on X with a cryptic message:

“Death to the blue lines. Long live the green dots.”

This latest purchase underscores Strategy’s ongoing commitment to its aggressive bitcoin acquisition strategy, even amid volatile market conditions.

Also Read – 

Chamber of Digital Commerce CEO Says Bitcoin Can Boost Dollar’s Dominance