Overview
- An SEC 8‑K shows Strategy bought 1,142 BTC between Feb. 2 and Feb. 8 at an average price of $78,815.
- The company sold 616,715 Class A shares for about $89.5 million to finance the buy and retains nearly $8 billion of issuance capacity.
- Total holdings stand at 714,644 BTC acquired for roughly $54.35 billion at an average cost of $76,056 per coin, valued near $49 billion at recent prices.
- The position remains underwater by roughly $4.8–$5.2 billion, following a reported $12.4 billion net loss in Q4 2025 tied to mark‑to‑market declines.
- TD Cowen kept a $440 price target and said roughly $2.25 billion in cash plus preferred‑equity funding reduce near‑term solvency risk with no expected need to sell BTC.