Saylor’s Wild Ride: $75M Bitcoin Bet Before the Big Oopsie!

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Ah, the markets! A place where fortunes are made, lost, and occasionally, flung into the gaping maw of a cryptocurrency crash like a child tossing pennies into a wishing well. Speaking of which, behold this delightful image of financial whimsy:

What ho, here’s the scoop (or should we say, the scoop of ice cream melting in the sun?):

  • Our intrepid hero, Michael Saylor’s Strategy, continued its weekly bitcoin purchases, plopping down a modest sum just before the market decided to do the cha-cha with a sledgehammer.
  • The company now clutches 713,502 bitcoins, snatched up at an average price of $76,052 each. Current price? A smidge above $77,000. Hooray for breaking even, sort of!
  • Last week’s daring acquisition was funded by selling common stock, because why not shuffle deck chairs on the Titanic?

Strategy (MSTR), led by the ever-optimistic Michael Saylor, scooped up 855 bitcoins for a cool $75.3 million, or $87,974 each. A filing on Monday revealed this masterstroke was funded by selling common stock. Brilliant, or bonkers? You decide!

Now, these buys were but a drop in the ocean compared to the company’s usual antics, which often involve hundreds of millions, or even billions, of bitcoin each week. But hey, even giants need a nap sometimes.

Strategy’s treasure chest now holds 713,502 bitcoins, acquired for a whopping $54.26 billion, averaging $76,052 each. After last week’s tumble, bitcoin is hovering just above $77,000, leaving the company teetering on the edge of breakeven after 5.5 years of BTC buying. Thrilling, isn’t it?

Meanwhile, MSTR shares are taking a nosedive, down 7.3% in premarket trading to a multi-year low of $138.80. But fear not, for in the world of finance, every crash is just a rollercoaster waiting for the next loop-de-loop!

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2026-02-02 16:22