Strategy (NASDAQ:MSTR) bought 855 Bitcoin (CRYPTO: BTC) at an average price of $87,974 last week as CNBC’s Jim Cramer questions whether executive chairman Michael Saylor has enough capital left to defend the sell-off.

The Ill-Timed Purchase

Strategy acquired 855 BTC for $75.3 million between January 26 and February 1, funding the purchase entirely through selling 673,527 Class A shares that generated $106.1 million in net proceeds.

Bitcoin crashed below $75,000 over the weekend, putting the fresh purchases immediately underwater. 

The company now holds 713,502 BTC acquired for $54.26 billion at an average price of $76,052 per coin.

With Bitcoin trading around $77,000, Strategy’s entire…

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