MicroStrategy bought about $40 million of bitcoin on Feb. 23, yet its share price began declining again, stalling the recent rally. Investors are renewing concerns about MSTR’s high correlation with Bitcoin and the effectiveness of accumulation as a defense against sell-offs.
Goldman Sachs reports that crypto-linked names such as MicroStrategy and Coinbase are among the most heavily shorted equities, reflecting growing investor skepticism toward the sector. The note highlights elevated short interest despite Bitcoin’s market activity.
MicroStrategy announced the purchase of 2,486 BTC on Feb. 17, 2026, bringing its total to 717,131 BTC. The acquisition continues the company's long-running strategy of accumulating bitcoin for its corporate treasury.
MicroStrategy CEO Michael Saylor hinted the firm will buy more bitcoin during a broad market sell-off, extending its accumulation to a 12th consecutive week despite a steep drop in MSTR shares.
Michael Saylor reiterated on Feb 11, 2026 that MicroStrategy will continue accumulating bitcoin and has no intention to sell, even in a prolonged downturn. BTC trades around $65,900–$66,150.
MicroStrategy acquired 1,142 bitcoins for about $90 million, averaging $78,815 per coin. The purchase was made at the onset of last week’s crypto market crash.
Citigroup reaffirmed its buy rating on MicroStrategy on Feb. 9, 2026, backing the firm’s continued Bitcoin accumulation despite billions in unrealized losses. The move signals ongoing institutional confidence in corporate Bitcoin treasuries.
MicroStrategy’s stock has become a de facto Bitcoin play as Michael Saylor piled BTC into the corporate treasury. Traders now watch MSTR for equity-style exposure and derivative-driven signals tied to BTC.
MicroStrategy founder Michael Saylor posted on X saying the company is buying 'real' Bitcoin, emphasizing spot BTC holdings rather than derivatives or wrapped tokens.
MicroStrategy announced a $264.1 million Bitcoin purchase on Jan. 26 — its fourth buy this month — at an average price of $90,061 per BTC. The aggressive accumulation has prompted fresh concerns about concentration and balance-sheet risk for the company.