While Bitcoin was sliding toward the mid-$70,000 range, Michael Saylor’s MicroStrategy stepped in to buy 855 BTC for roughly $75.3 million. This purchase happened at an average price of about $87,974 per coin, which is actually higher than where the market settled over the weekend. It is a bold statement that the company isn’t trying to “time the bottom” but is instead committed to simply owning as much of the network as possible, regardless of short-term volatility.
With this latest addition, MicroStrategy’s total stash has reached a mind-blowing 713,502 BTC. To put that in perspective, the company has now spent over $54.26 billion to build this treasury. Their overall average entry price is currently sitting at $76,052 per Bitcoin. Even with the recent market “washout” where billions were liquidated, Saylor’s firm remains in the green, showing the power of a long-term cost-averaging strategy over several years.
The funding for this buy came from a very specific source: the company’s “At-the-Market” (ATM) share sales. Between late January and February 1, MicroStrategy sold about 673,527 shares of its common stock, raising $106.1 million in net proceeds. Essentially, they are turning equity in their software company into “digital gold.” This mechanism allows them to move fast when they see a buying opportunity, keeping them ahead of other institutional players who might still be waiting for committee approvals.
What makes this purchase interesting is the timing. It comes right after a chaotic weekend for both crypto and traditional metals (like that 35% silver crash we talked about earlier). While many retail traders were panicking, Saylor was selling stock to buy the dip. This high-conviction move reinforces the idea that for institutional giants, Bitcoin is no longer just a “risky tech play”—it’s becoming the bedrock of their corporate treasury. In 2026, MicroStrategy isn’t just a software company anymore; it’s a Bitcoin fortress.
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