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Strategy's Bitcoin Bet Dips Underwater as Firm Adds to $56 Billion BTC Stash

Bitcoin briefly fell below Strategy’s average buy price, turning its massive BTC treasury into an at-cost (or loss) holding for the first time in years.

Feb 3, 20262:19 AMNewsroom AI

Bitcoin fell below Strategy’s lifetime average purchase price overnight, pushing the firm’s BTC position below cost for the first time in about two and a half years [1][2]. The drop saw BTC dip under roughly $75,000–$76,000 during the weekend trading window cited by market reports [2][3].

Strategy holds 713,502 BTC at a reported lifetime average cost of about $76,052, having paid roughly $54.2 billion for the coins; the market slide reduced the holding’s value to below about $53.3 billion on recent marks [2][1].

The company added 855 BTC just before the decline, keeping its treasury near the $56 billion figure noted in reporting [5][6][1]. The brief price move also coincided with an approximate 7% drop in Strategy’s stock and left unrealized losses approaching $900 million in some tallies [3][4].

The episode represents a rare period of paper losses for Strategy’s long-running corporate bitcoin accumulation strategy and highlights how large centralized treasuries can be affected by short-term market swings [1][2][3].

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