Michael Saylor Buys Another $90M in BTC With Market Trading Under His Cost Basis

TL;DR

• Strategy, Michael Saylor’s company, purchased 1,142 BTC for $90 million at an average price of $78,815, according to a filing submitted to the SEC.
• The transaction raised Strategy’s total holdings to 714,644 BTC, with an aggregate purchase cost of $54.35 billion and a historical average price of $76,056 per bitcoin.
• The purchase was executed while BTC was trading below the paid price, following a week in which Bitcoin briefly fell to $60,000 after a sharp selloff.

Strategy, the company led by Michael Saylor and the largest public holder of Bitcoin, carried out another BTC purchase during the past week. The transaction was disclosed in a document filed with the SEC on Monday and confirmed the acquisition of 1,142 bitcoins for a total amount of $90 million.

The average purchase price was $78,815 per unit. The acquisition took place at a time when Bitcoin traded below that level for much of the previous week. BTC even briefly touched $60,000 on Thursday on Coinbase, although that sharp drop did not coincide with the timing of the purchase.

Strategy Approaches 715,000 Bitcoins

Following this transaction, Strategy increased its total holdings to 714,644 BTC. The aggregate cost of the treasury’s purchases stands at approximately $54.35 billion, with a cumulative average price of $76,056 per bitcoin. This new acquisition did not lower that cost basis, as the purchase price was above the company’s historical average.

Strategy has acquired 1,142 BTC for ~$90.0 million at ~$78,815 per bitcoin. As of 2/8/2026, we hodl 714,644 $BTC acquired for ~$54.35 billion at ~$76,056 per bitcoin. $MSTR $STRC https://t.co/4X2c81LQwm

— Michael Saylor (@saylor) February 9, 2026

The purchase became the second made by Saylor while Bitcoin was trading below Strategy’s average acquisition cost. During the previous week, BTC fell below $78,000 on Tuesday and did not climb back above $72,000 in the days that followed, according to Coinbase data.

A similar episode occurred in 2022. That year, Bitcoin dropped below $30,000 while Strategy’s average purchase price stood at around $30,600. At the time, the company slowed the pace of acquisitions, although it continued to add BTC in smaller volumes, even at prices below its cost basis.

The Market Jokes and Speculates About Saylor’s Decisions

In the days leading up to the purchase, the market speculated about the possibility that Saylor would avoid buying Bitcoin below his average price during this cycle. On social media, ironic comments circulated regarding Michael Saylor’s purchasing strategy and the price levels chosen to announce new acquisitions.

On Thursday, Strategy shares fell to around $107, according to TradingView data. However, in the following session, the stock rebounded and posted a 26% gain, closing near $135