Strategy Resumes Bitcoin Purchases, Adds 2,486 BTC Below Average Cost in 2026
- Strategy’s Latest Bitcoin Purchase: By the Numbers
- How Is Strategy Funding Its Bitcoin Purchases?
- The Challenges Ahead for Strategy
- Market Reaction and Future Outlook
- Frequently Asked Questions
In a bold move amid a sluggish crypto market, Strategy has resumed its weekly bitcoin acquisitions, adding 2,486 BTC to its treasury at an average price of $67,710—significantly below its historical average of $76,027. This purchase, delayed by a day due to the U.S. banking holiday, marks the company’s largest weekly buy in three weeks. The acquisition was funded through successful STRC preferred stock sales, though questions linger about Strategy’s ability to sustain its aggressive buying spree as it navigates a $5.7 billion unrealized loss on its Bitcoin holdings. Here’s a deep dive into the implications.
Strategy’s Latest Bitcoin Purchase: By the Numbers
On February 17, 2026, Strategy announced its acquisition of 2,486 BTC for approximately $168.4 million, bringing its total holdings to 717,131 BTC worth $54.52 billion. The purchase price of $67,710 per Bitcoin is notably lower than the company’s average acquisition cost of $76,027, according to data from CoinMarketCap. This follows a smaller purchase of 1,142 BTC the previous week, suggesting renewed confidence despite market volatility during Lunar New Year celebrations.
How Is Strategy Funding Its Bitcoin Purchases?
The company continues to rely heavily on its STRC preferred stock, which offers an 11.25% interest rate to investors. Last week’s sales were particularly successful, with STRC prices breaching $100—a key psychological threshold. However, as of February 18, STRC has retreated to $99.80, potentially limiting immediate funding options. Michael Saylor, Strategy’s executive chairman, confirmed the purchases via Twitter but faced muted market reaction. The BTCC research team notes that Strategy’s ability to maintain this pace depends on continued investor appetite for its high-yield preferred shares.
The Challenges Ahead for Strategy
Strategy faces a delicate balancing act: maintaining its Bitcoin accumulation strategy while managing a $5.7 billion unrealized loss on its holdings. This contrasts with BitMine’s $7.9 billion paper loss on ethereum positions, per TradingView data. The company must also service debt maturing in 2028 and cover dividend payments—all while navigating what Saylor calls "crypto winter." Unlike competitors making sporadic purchases (the next-largest treasury holds just 125 BTC), Strategy remains committed to regular acquisitions, betting heavily on Bitcoin’s long-term appreciation.
Market Reaction and Future Outlook
Following the announcement, Bitcoin briefly dipped to $66,000 before stabilizing at $67,324.22 (CoinMarketCap). MSTR shares hovered at $128.62, reflecting cautious optimism. Industry analysts speculate whether Strategy can sustain purchases if STRC prices remain below $100. The company’s 8-K filing, delayed by the banking holiday, may provide clearer funding insights when released. As one crypto trader quipped, "Strategy’s playing chess while others play checkers—but the board’s on fire."
Frequently Asked Questions
How much Bitcoin does Strategy currently hold?
As of February 16, 2026, Strategy holds 717,131 BTC acquired at an average price of $76,027 per Bitcoin.
What is Strategy’s primary funding method for Bitcoin purchases?
The company primarily sells STRC preferred stock with an 11.25% dividend yield, though it occasionally uses MSTR common stock offerings.
Why did this purchase occur below Strategy’s average cost basis?
The $67,710 purchase price reflects recent Bitcoin market dips during Lunar New Year trading lulls, allowing Strategy to "buy the dip."
