In a most peculiar turn of events, the illustrious Strategy, in an act that could be described as both audacious and utterly befuddling, procured 855 BTC at a staggering price of $87,974, just as Bitcoin plummeted below the esteemed threshold of $78,000, prompting the ever-vigilant Peter Schiff to unleash his scathing critique upon the timing of this dramatic acquisition.
Ah, Bitcoin! The grand chameleon of finance, slipping and sliding like a greased pig in a rainstorm! Just as Strategy decided to indulge in another extravagant purchase, Bitcoin took a nosedive, evoking panic akin to a cat caught in a bathtub.
Our dear economist, Mr. Schiff-who seems to wield sarcasm like a sword-did not hold back. He brandished his wit, questioning the impeccable timing of this purchase as the market weathered a tempest, with Strategy’s stock also feeling the brunt of the storm.
Strategy Makes a Splash with 855 BTC Purchase
In a stunning revelation filed with the SEC-where the truth is stranger than fiction-Strategy disclosed its audacious acquisition of 855 Bitcoin between January 26 and February 1. What a time to be alive!
The company, in its infinite wisdom (or folly, depending on who you ask), spent about $75.3 million, paying a princely sum of $87,974 per Bitcoin during that dizzying week. This monumental buying spree was completed just before Bitcoin decided to plunge into the abyss over the weekend.
While the masses panicked, frantically selling and refreshing their charts as if the fate of the world depended on it…
Saylor took a different path. Again.
Strategy nonchalantly scooped up 855 BTC for a whopping $75M at $88K.
And now, behold! A total stack of 713,502 BTC acquired around the fanciful price of $76K.
This, dear reader, is what happens when one truly understands the enigma that is Bitcoin. While others flail about, confused like a chicken in a thunderstorm…
– David Gokhshtein (@davidgokhshtein)
Post-transaction, Strategy’s Bitcoin hoard swelled to an impressive 713,502 BTC. The grand total spent across all acquisitions? A staggering $54.26 billion! What a delightful number to ponder over a cup of tea.
With an average cost per Bitcoin now standing at the elegant figure of $76,052, one can’t help but admire the sheer audacity!
The filing further revealed that the purchase was funded through the sale of equity, as Strategy cleverly offloaded 673,527 MSTR shares, raking in about $106.1 million without any mention of debt financing. A masterclass in creative accounting!
Bitcoin Takes a Tumble Below $78,000 Post-Filing
As if choreographed by fate itself, Bitcoin took a steep dive over the weekend, briefly flirting with $75,000, marking the first occasion since October 2023 that our beloved asset dipped below Strategy’s overall average purchase price. Oh, how the tides do turn!
This descent followed a broader market malaise, as investors exhibited a risk appetite reminiscent of a timid squirrel.
At this moment, Bitcoin mustered some resolve and managed to recover slightly, trading around $78,000. Yet, alas, it remained a far cry from Strategy’s recently minted weekly purchase average, creating a suitable target for critics eager to take aim.
As fortunes shifted, Strategy found itself grappling with an unrealized loss estimated at a staggering $900 million. But fret not, for the company did not report any Bitcoin sales or deviations from its long-term holding strategy during this turbulent time.
Schiff Delivers a Stinging Rebuke
Our friend Peter Schiff, never one to shy away from a public spectacle, wasted no time in tearing apart Strategy’s decision soon after Bitcoin’s rather theatrical fall.
He astutely pointed out that the company had bought Bitcoin just shy of $88,000, only for the price to plummet below $75,000 mere days later. “Buying near a local top,” he quipped, as he suffused the internet with his delightful critique.
Your last buy was just under $88K. Bitcoin fell below $75K over the weekend, and remains firmly below $78K, more than $10K beneath your average purchase price for the week. Why didn’t you simply wait for a dip?
– Peter Schiff (@PeterSchiff)
Schiff, with his customary flair for theatrics, noted that Bitcoin lingered more than $10,000 below Strategy’s weekly average purchase price, questioning the firm’s impulse control. His remarks swiftly circulated across social media like the latest gossip in a small town.
Adding to the melodrama, Michael Saylor, in classic fashion, teased the masses with a tantalizing image of a Bitcoin portfolio tracker, cheekily captioned, “More Orange,” leaving everyone to wonder what color his wallet truly was.
Related Reading: Why Strategy Can Hold Bitcoin at $76K While Others Feel the Heat
Market Reaction and Investor Positioning
As the curtain fell on this whimsical tale, Strategy’s stock mirrored Bitcoin’s nosedive, trading near $139 in premarket data, down from a lofty $150 just a week prior. Truly, a saga of ups and downs!
The stock continued to dance to the rhythm of Bitcoin’s price fluctuations, a waltz of volatility!
Prediction market data from Polymarket hinted at a 29% chance that Strategy might sell any Bitcoin before year-end. The odds spoke of limited expectations for a near-term liquidation, despite looming losses-how quaint!
Strategy has now valiantly endured six consecutive weeks of Bitcoin purchases since late 2025, acquiring over 22,000 BTC while steadfastly maintaining its accumulation strategy amidst a chorus of skepticism.
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2026-02-03 09:25