Strategy Resumes Bitcoin Purchases, Takes Holdings to 478,740 BTC

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).

Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740BTC after last week’s pause with the purchase of $742.4 million worth of the largest cryptocurrency

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The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033

The company didn’t buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50 per share a year earlier.

Saylor teased the purchase announcement evvel again on Sunday, as he has for the past few months: “Death to the blue lines. Long live the green dots.”

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