Strategy Resumes Bitcoin Purchases, Adding 2,486 BTC Below Average Cost in February 2026

Strategy's Latest Bitcoin Acquisition: Breaking Down the Numbers

Strategy announced its delayed weekly bitcoin purchase on February 17, 2026, coinciding with a US holiday and Lunar New Year celebrations that created unusually quiet market conditions. The 2,486 BTC acquisition represents approximately $168.4 million invested at an average price of $67,710 per Bitcoin. According to TradingView data, this purchase occurred during a period of relative stability before Bitcoin's price dipped below $66,000 following the announcement.

Michael Saylor's tweet revealed Strategy's growing treasury now holds 717,131 BTC, acquired at an average cost of $76,027 per coin—meaning the company is currently sitting on an unrealized loss of about $5.7 billion on its Bitcoin position alone. However, this pales in comparison to BitMine's $7.9 billion unrealized loss on ethereum positions.

Funding the Bitcoin Strategy: How STRC Plays a Pivotal Role

The company continues to fund its Bitcoin acquisitions primarily through successful STRC preferred share offerings, which carry an attractive 11.25% interest rate. Last week's purchase was enabled by STRC shares trading above the critical $100 threshold, though subsequent price drops to $99.80 have temporarily paused new offerings.

As noted by BTCC analysts, Strategy has demonstrated remarkable consistency in its accumulation strategy compared to competitors. While other corporate treasuries make sporadic purchases (the smallest holding just 125 BTC), Strategy maintains regular weekly acquisitions regardless of market conditions.

Can Strategy Sustain Its Aggressive Bitcoin Accumulation?

The company faces multiple challenges in maintaining its current pace:

• Dependence on STRC share performance above $100 for optimal funding
• Potential dilution from its MSTR ATM share program
• Upcoming 2028 debt maturities requiring reserve allocation

Industry observers note that Strategy's ability to continue purchases largely hinges on investor appetite for its high-yield preferred shares. "They're walking a tightrope between accumulation and financial obligations," remarked one analyst who preferred to remain anonymous.

Market Reaction and Strategic Implications

Following the purchase announcement, MSTR shares fluctuated around $128.62 while Bitcoin settled at $67,324.22—only to drop below $66,000 shortly after. This muted market response contrasts with Strategy's confident positioning as the only corporate treasury maintaining regular Bitcoin purchases.

The company recently published additional documentation about its STRC preferred shares, providing greater transparency about its funding mechanisms. This move appears designed to reassure investors about Strategy's ability to weather potential crypto market downturns.

Frequently Asked Questions

How much Bitcoin does Strategy currently hold?

As of February 16, 2026, Strategy's treasury contains 717,131 BTC acquired at an average price of $76,027 per coin.

What was the average purchase price of Strategy's latest Bitcoin acquisition?

The company bought 2,486 BTC at an average price of $67,710, totaling approximately $168.4 million.

How does Strategy fund its Bitcoin purchases?

Primary funding comes from STRC preferred share offerings (yielding 11.25%) when shares trade above $100, supplemented by its MSTR ATM share program.

Why was this week's purchase announcement delayed?

The delay coincided with a US federal holiday that prevented timely filing of the customary 8-K FORM detailing the funding methods.

How does Strategy's Bitcoin strategy compare to competitors?

Strategy remains the only corporate treasury making regular weekly purchases, while competitors make only sporadic acquisitions (the smallest holding just 125 BTC).