MicroStrategy's $75.3M Bitcoin Bet Faces Immediate Loss

Edgen Crypto

·Feb 03 2026, 12:57

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Key Takeaways

MicroStrategy continued its aggressive Bitcoin accumulation strategy, acquiring an additional 855 BTC. However, a subsequent market downturn immediately erased any potential gains from the purchase, placing the new investment at a loss and putting the company's massive crypto treasury near its breakeven point.

MicroStrategy acquired 855 BTC for $75.3 million between January 26 and February 1 at an average price of $87,974.
Bitcoin's price fell below $75,000 shortly after the purchase, the lowest level since April 2025.
The company's total Bitcoin holdings of 713,502 BTC, acquired for $54.26 billion, are now only marginally profitable with an average cost of $76,052 per coin.

MicroStrategy's $75.3M BTC Purchase Turns Instantly Unprofitable

MicroStrategy acquired 855 BTC for $75.3 million in the last week of January, executing the purchase at an average price of $87,974 per coin. The company, led by Executive Chairman Michael Saylor, funded the investment by selling 673,527 of its Class A shares, which generated $106.1 million in net proceeds. This latest buy, conducted between January 26 and February 1, proved ill-timed as Bitcoin's price subsequently crashed below $75,000 over the weekend, placing the fresh capital immediately underwater and marking Bitcoin's lowest price since April 2025.

Total Holdings Near Breakeven as MSTR Stock Price Collapses

The recent market slide has put MicroStrategy’s entire Bitcoin treasury under pressure. The company now holds a total of 713,502 BTC, with a total acquisition cost of $54.26 billion and an average price of $76,052 per coin. With Bitcoin trading near $77,000, the firm's five-year accumulation strategy is sitting just above its breakeven cost. The market downturn has also severely impacted MicroStrategy's stock (MSTR), which broke below its $145-$165 consolidation range to test support between $138 and $146. The stock now trades approximately 45% below its 200-day moving average, a sign of extreme downward momentum. Commentator Jim Cramer questioned whether Saylor possesses enough "dry powder" to defend Bitcoin's price, identifying $73,000 as a critical support level that must hold to prevent a deeper correction.