Strategy disclosed a brand new Bitcoin purchase in a Form 8-K dated February 9, 2026 posted on its investor page, stating that it purchased 1,142 BTC for roughly $90.0 million throughout the period from February 2 to February 8, 2026, at a mean price of roughly $78,815 per Bitcoin. The same filing reports a complete holding of 714,644 BTC as of February 8, 2026, acquired for roughly $54.35 billion at a mean price of roughly $76,056 per Bitcoin.
The numbers match the summary shared by Michael Saylor on X, which repeats the acquisition amount, average purchase price, and updated inventory totals in a single post. This post is helpful for dissemination, however the SEC filing is the more trustworthy reference for a way the acquisition was made and the way the corporate designs its disclosure controls, as seen within the X post.
How the acquisition was financed
The same Form 8-K links the Bitcoin purchase to the stock issuance via Strategy's At-the-Market program. It proclaims the sale of 616,715 shares of Class A standard stock (ticker MSTR) throughout the period February 2-8, 2026, which generated net proceeds of $89.5 million, and states that the Bitcoin purchases were made with the proceeds from these ATM stock sales.
This funding route is significant since it illustrates a key mechanism in Strategy's treasury playbook. When Bitcoin is accrued through equity issuance, the strategy effectively converts equity demand into additional BTC exposure on the balance sheet. This tends to be interpreted otherwise than short-term debt financing, as dilution, dividend obligations and refinancing risk reside in other places within the capital stack.
Why these numbers are necessary in relation to market microstructure
A purchase order of 1,142 BTC is just not only a headline. It sets a transparent “cost basis delta” for the ultimate tranche, which can influence how observers model the corporate's sensitivity to short-term price movements. In this case, the reported average price for the brand new tranche (~$78,815) is above the reported average price for the whole batch (~$76,056), meaning that the most recent purchases barely increase the blended average.
The greater signal is the dimensions of the overall holdings. With 714,644 BTC reported on February eighth, changes in Bitcoin's spot price can have a big impact on the reported unrealized gains or losses, and that may result in narrative shifts across the sustainability of the funding ladder. The short-term market effect is usually seen less in Bitcoin spot liquidity and more in the best way equity and preferred stock traders evaluate the corporate's leverage, its potential for further issuance, and its dividend coverage.
Context behind the web noise
The disclosure comes at a time of frequent debate over corporate Bitcoin transparency, custody practices and whether treasury strategies are fully reflected in filings somewhat than social media posts. In this environment, anchoring in primary documents is more necessary than responding to sentiment. Here the filing provides the precise acquisition window, purchase statement and explicit link to ATM proceeds, providing the sensible antidote to speculation.
Strategy also reiterates that it maintains a public dashboard as a disclosure channel for metrics corresponding to Bitcoin purchases and holdings. This is an operational point because recurring updates and consistent measurement definitions help the market compare buying frequency from one week to the following without having to depend on second-hand interpretations.
Why the tickers mentioned are necessary
The post refers to MSTR and STRC. MSTR is Strategy's Class A standard stock, while STRC refers to a series of Strategy's perpetual preferred stock, referred to by the Company as “Stretch,” which carries a variable dividend rate designed to have a par value of roughly $100, as described on the Company's STRC information page.
For Treasury purposes, the common shares and the popular shares are a part of the identical system. Issuing shares is a lever to finance BTC purchases. Preferential issuance is one other lever that may provide capital with different cost and maturity characteristics, but it surely comes with its own obligations that cause markets to are inclined to quickly adjust the value when Bitcoin volatility increases.
What observers typically monitor next
After a filing like this, practical tracking typically focuses on whether inventory numbers are updated consistently across all the company's channels and whether the pace of ATM activity changes from week to week. Market participants also listen to changes in remaining capability under various issuance programs, as this capability can influence expectations about future accumulation frequency.
Regardless, BTC price motion can quickly change the narrative. When Bitcoin trades below the ultimate tranche price, critics are inclined to deal with the drawdown optics. When it involves trading above, proponents are inclined to deal with the scalability of the treasury model. The filing itself doesn’t require taking sides. It simply shows the mechanism, amounts and timing.
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