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MicroStrategy Buys More Bitcoin as Price Dips Below Its Cost Basis

A slip under its roughly $76,000 cost basis turned the stake negative, prompting a fresh buy to signal long-term conviction.

Overview

  • The company purchased additional BTC during the weekend pullback below $75,000, extending its early‑2026 accumulation.
  • On-chain tallies show holdings near 712,647 BTC, leaving more than $900 million in unrealized losses with prices under its average cost.
  • Executive chairman Michael Saylor posted “More Orange” on X, a cue widely read as confirmation of continued buying.
  • Despite Bitcoin’s decline of about 13% over the past month, MSTR shares rose roughly 4.6% to $149.71, according to Google Finance.
  • Selling pressure reflected ETF net outflows of over $1.6 billion in January and tighter Fed expectations tied to Kevin Warsh’s nomination, while exchange reserves fell to multi-year lows as coins moved to private wallets.