Strategy Inc Expands BTC Dominance with $90 Million Winter Acquisition
Strategy Inc (MSTR), the world’s leading corporate BTC treasury, disclosed on February 9, 2026, that it acquired an additional 1,142 BTC during the first week of February. The purchase, which was funded through the company’s ongoing at-the-market equity offering program, was executed at an average price of 78,815 dollars per BTC, totaling approximately 90 million dollars including fees. This latest addition brings Strategy’s total holdings to a monumental 714,644 BTC, representing more than 3.4% of the total 21 million supply. Executive Chairman Michael Saylor confirmed the acquisition via his customary Sunday evening social media update, signaling to the global markets that the company’s “orange dot” strategy remains unswayed by short-term price turbulence. Even as BTC trades near the 69,000-dollar mark—placing the company roughly 5.2 billion dollars “underwater” on a paper basis—Strategy continues to aggressively deploy capital into the asset it views as the ultimate global reserve currency.
Capital Formation via ATM Programs and the Strength of the MSTR Balance Sheet
The mechanics of Strategy’s latest purchase highlight the firm’s sophisticated use of the capital markets to drive its BTC-first agenda. Between February 2 and February 8, the company sold 616,715 shares of its Class A common stock, generating 89.5 million dollars in net proceeds which were immediately converted into BTC. As of the current filing, Strategy maintains an immense “war chest” of remaining share issuance capacity, including over 20 billion dollars available for STRK stock and nahead 8 billion dollars for MSTR stock. This deep liquidity allows the company to act as a primary “purchaviewr of last resort” during market drawdowns, effectively increasing its BTC-per-share metric for long-term investors. During a recent earnings call, CEO Phong Le addressed market concerns regarding the firm’s leverage, stating that BTC would need to fall to 8,000 dollars and remain there for several years before the company’s ability to service its convertible debt obligations would be significantly impaired, reinforcing a message of extreme long-term resilience.
Strategic Resilience and the Vision of a Global BTC Security Program
Beyond the simple accumulation of tokens, Strategy is increasingly positioning itself as a central pillar of the global BTC ecosystem’s security and governance. Michael Saylor recently announced the forthcoming launch of the “BTC Security Program,” an initiative designed to coordinate with the global cyber and crypto security community to protect the network against emerging threats, including the theoretical long-term risks posed by quantum computing. This move reflects a broader pivot for Strategy from a software company with a BTC treasury into a “BTC development company” that actively contributes to the health and longevity of the underlying protocol. While analysts remain divided on the risks of the firm’s high-leverage model—with some firms like TD Cowen maintaining a bullish outlook while others caution against continued share dilution—Strategy’s cumulative cost basis of 76,056 dollars per BTC remains the primary benchmark for the industry. As the 2026 market continues to search for a definitive bottom, Strategy’s relentless purchaseing serves as a critical indicator of institutional confidence in BTC’s role as the foundation of the modern financial system.
