Strategy Resumes Bitcoin Purchases, Takes Holdings to 478,740 BTC

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).

Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740BTC after last week’s pause with the purchase of $742.4 million worth of the largest cryptocurrency

The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033

The company didn’t buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50 per share a year earlier.

Saylor teased the purchase announcement evvel again on Sunday, as he has for the past few months: “Death to the blue lines. Long live the green dots.”