Strategy (NASDAQ:MSTR) on Monday announced it had bought 1,142 Bitcoin (CRYPTO: BTC) at $78,815 average price for $90 million between February 2 and February 8.

The Latest Bitcoin Purchase

Strategy’s acquisition was funded by selling 616,715 shares of Class A common stock that generated $89.5 million in net proceeds. 

As of February 8, the company held 714,644 BTC with an aggregate purchase cost of $54.35 billion at a $76,056 average cost basis.

Michael Saylor hinted at the purchase in his regular Sunday X post, writing “Orange Dots Matter”.

The buying continues despite a $12.4 billion loss reported in the Q4 earnings.

CEO Phong Le told CNBC that Strategy has “been through Bitcoin…

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