Saylor Buys the Dip... at $78,000
Analysis
Price Impact
MedMicrostrategy's continued accumulation of 1,142 btc, even with an average cost basis of $78,815 per coin which is above current spot prices, signals strong long-term conviction. however, funding via equity dilution and their current 'underwater' position might temper immediate euphoric sentiment, leading to a moderate, rather than high, short-term impact.
Trustworthiness
HighThe information is derived from an official form 8-k filing submitted to the u.s. securities and exchange commission (sec), ensuring its accuracy and reliability.
Price Direction
BullishMichael saylor's consistent and aggressive accumulation strategy, regardless of short-term price dips or being 'underwater' on their average cost, reinforces a long-term bullish narrative for bitcoin. it demonstrates strong institutional conviction and a belief in bitcoin's future appreciation, which can inspire confidence among other investors.
Time Effect
LongMicrostrategy's strategy is fundamentally long-term, aiming to accumulate bitcoin as a primary treasury asset. their purchases are not aimed at short-term gains but rather at long-term value appreciation, influencing market sentiment over an extended period.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News In a Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Strategy Inc. (MSTR) confirmed the purchase of an additional 1,142 Bitcoin between Feb. 2 and Feb. 8, 2026. Advertisement Its average cost basis creeps higher than the spot price of the asset. Buying the dip According to the filing, Strategy purchased the coins at an average price of $78,815 per bitcoin, inclusive of fees and expenses. HOT Stories Saylor Buys the Dip... at $78,000 Bitcoin Hashrate Plunges 10% This latest tranche brings the company’s total holdings to a staggering 714,644 BTC. Advertisement However, the aggressive buying comes at a cost. The company's total aggregate purchase price for its Bitcoin hoard now stands at $54.35 billion, with an average cost per coin of $76,056. With Bitcoin currently trading in the high-$60,000s following the recent market flush, the world’s largest corporate holder remains "underwater" on its position, nursing billions in unrealized paper losses. The filing also revealed exactly how Saylor funded this latest spree: by selling equity. Advertisement Through its "At-The-Market" (ATM) offering program, Strategy sold 616,715 shares of its Class A Common Stock (MSTR) over the same six-day period. These sales generated $89.5 million in net proceeds. This mechanic effectively treats the company’s stock as a fiat funnel for digital asset accumulation. While it dilutes existing shareholders, the strategy is predicated on the belief that Bitcoin's appreciation will outpace the rate of share issuance (a metric Saylor refers to as "BTC Yield"). #Bitcoin News #Michael Saylor