On February 9, 2026, Michael Saylor’s company, Strategy, purchased an additional 1,142 Bitcoin for approximately $90 million. The acquisition, executed at an average price of $78,815 per BTC, increased the firm’s total holdings to roughly 714,644 Bitcoin. This move occurred amid a significant market downturn, drawing criticism from longtime Bitcoin skeptic Peter Schiff, who questioned the purchase’s timing and cost.
Michael Saylor’s Strategy strengthened its Bitcoin position with a major purchase in early February 2026. The company announced it bought 1,142 BTC for about $90 million, averaging $78,815 per coin.
This raised Strategy’s total holdings to approximately 714,644 BTC, equating to nearly 3.4% of the total supply. The buy occurred as Bitcoin’s price faced heavy pressure, dropping to around $69,000.
Gold advocate Peter Schiff publicly criticized the transaction’s financial logic. Schiff stated, “Somehow you managed to buy at $78,815, averaging your cost up slightly.”
He highlighted that Bitcoin was trading lower when Strategy made its premium purchase. Schiff has repeatedly warned that the company’s business model is overly reliant and risky.
Following the acquisition news, the price of MSTR stock rose 3.51% to $138.44. However, the stock has reportedly fallen by more than 260% over the prior six-month period.
Analysis from The Kobeissi Letter outlined the scale of the firm’s recent unrealized losses. The company’s performance is viewed as a potential case study for corporate Bitcoin investment.
