Saylor’s Wild Bitcoin Ride: $78K Dip or Dizzying Dive?

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Ah, the marvelous world of finance, where numbers dance like sugarplums and logic takes a holiday! In a Form 8-K filing-a document so thrilling it makes bedtime stories look like action movies-Strategy Inc. (MSTR) revealed a most peculiar escapade. Between the 2nd and 8th of February, 2026, they scooped up 1,142 Bitcoins, as if they were collecting rare marbles at a schoolyard swap meet.

But oh, the price! A whopping $78,815 per Bitcoin, fees and expenses included. One might say they’re paying through the nose, or perhaps through the entire face, for these digital trinkets. Their average cost basis now sits higher than a giraffe on a ladder, while the spot price of Bitcoin remains as stubborn as a mule in a mud puddle.

Buying the Dip… or Dipping into Madness?

“Buying the dip,” they call it. A phrase as comforting as a warm blanket-until you realize the blanket is on fire. Strategy’s latest haul brings their Bitcoin hoard to a staggering 714,644 BTC. That’s right, folks, enough digital coins to make even a dragon jealous. But at what cost? A cool $54.35 billion, with an average price per coin of $76,056. And with Bitcoin currently lounging in the high-$60,000s, Strategy is underwater faster than a submarine with a screen door.

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But fear not, dear readers, for Strategy has a plan! To fund this latest spree, they’ve turned to the old “sell equity” trick. Through their “At-The-Market” (ATM) offering program-a magical machine that turns shares into cash-they sold 616,715 shares of their Class A Common Stock. This little maneuver generated $89.5 million, which they promptly funneled into their Bitcoin obsession. It’s like using a sieve to bail out a sinking ship, but hey, who are we to judge?

This strategy, they claim, is all about “BTC Yield,” a metric as fuzzy as a three-legged cat. The idea is that Bitcoin’s appreciation will outpace the rate of share issuance. But as we all know, the only thing certain in life is uncertainty-and that Saylor’s adventures in Bitcoin will keep us entertained for years to come.

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2026-02-09 17:12