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Strategy Acquires 592 BTC for $39 Million Ahead of Price Dip

Strategy Acquires 592 BTC for $39 Million Ahead of Price Dip

Strategy invests $39.8M in Bitcoin before price drop, says Michael Saylor.

Strategy has invested an additional $39.8 million in the leading cryptocurrency, as reported by the firm’s founder, Michael Saylor.

The largest bitcoin holder purchased 592 BTC at an average rate of $67,286 before the price fell below $65,000. The company’s balance now stands at 717,722 BTC. Since August 2020, Strategy has spent approximately $54.6 billion to build its bitcoin reserve, averaging $76,020 per coin. At the time of writing, these assets are valued at around $47.4 billion.

Earlier, Saylor assured that the company would maintain financial stability even if the price of the leading cryptocurrency dropped to $8,000.

BitMine

BitMine’s reserves have reached $9.6 billion, comprising cryptocurrencies, fiat, and venture investments.

As of February 22, the firm’s balance sheet includes:

  • 4.42 million ETH (3.66% of the market supply);
  • 193 BTC;
  • $691 million in cash;
  • shares in Beast Industries worth $200 million;
  • shares in Eightco Holdings worth $17 million.

In the past week alone, BitMine acquired 51,162 ETH. The company’s chairman, Tom Lee, described the price decline as an attractive opportunity to bolster reserves.

The platform actively leverages its assets to generate profit. BitMine has locked 3.04 million ETH, valued at approximately $6 billion (69% of its total ether holdings), in staking. The current yield is 2.89%, generating $171 million annually.

In 2026, the firm plans to launch its own validator network, MAVAN. It is anticipated that once the infrastructure is fully deployed, staking revenue will increase to $249 million per year.

Earlier in February, BitMine’s “paper” losses amounted to $6.95 billion.

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