Strategy acquires 1,142 bitcoin as portfolio drops below cost basis

Bitcoin treasury company Strategy (NASDAQ: MSTR) acquired 1,142 bitcoin during the week of February 2, bringing its total cryptocurrency stockpile to 714,644 bitcoins. The acquisition occurred the same week that bitcoin plummeted to $60,000 for the first time since September 2024, losing roughly 20% in a matter of days in a sell off that pushed Strategy’s bitcoin portfolio into the red. The bitcoin treasury company spent approximately $90 million on the latest purchase at an average price of $78,815 per ...