While most of the financial world spent early February recovering from the tough end of 2025, Michael Saylor was busy focusing on Bitcoin [BTC].
Just a day after his “Orange Dots Matter” tweet, his company, Strategy, once again showed strong confidence in Bitcoin.
On the 9th of February 2026, the company announced that it had bought another 1,142 Bitcoins for about $90 million, with each coin costing an average of $78,815.
This purchase pushed the company’s total Bitcoin holdings to around 714,644 BTC, equating to nearly 3.4% of all the Bitcoin that will ever exist.
Current market condition is concerning
This latest Bitcoin purchase came at a time when the market was under heavy pressure.
Along with the global market cap, Bitcoin’s price had also fallen to about $68,999 after dropping 1.55% in one day and nearly 24% over the past month.
For Saylor, this fall was not a danger sign but a chance to buy at a discount. By paying $78,815 per BTC, Strategy showed that it believes any price below $100,000 is a great long-term buying opportunity.
However, not everyone agrees with this view, as long-time Bitcoin critic Peter Schiff strongly disagreed with Saylor’s move.
Peter Schiff vs. Michael Saylor
Responding to Saylor’s tweet, Schiff said,
“Somehow you managed to buy at $78,815, averaging your cost up slightly, depsite Bitcoin trading below $60K during the week and its current price of around $68,500.”
Schiff criticized the move, noting that buying 1,142 Bitcoins at an average price of $78,815, above the company’s earlier average of $76,056, increased overall risk.
He also highlighted the timing: with Bitcoin trading near $69,000, Strategy paid almost $10,000 more per coin. To him, this reflected poor decision‐making.
What’s more...
Peter Schiff has previously argued that the company’s business model may be misleading, claiming it deliberately overpays for Bitcoin to sustain investor interest.
He warned that Strategy’s heavy reliance on Bitcoin is risky and predicted bankruptcy was inevitable, noting the firm now faces an unrealized loss of about 3% on its $54 billion investment.
While on one hand, Schiff looks at Bitcoin like a short-term trader, Saylor, on the other hand, looks at it like a long-term institution.
MSTR stock price and more
In the meantime, on the price front, the s stock (MSTR) rose to $138.44 after the announcement, gaining 3.51% in one day. But the bigger picture shows signs of strain, as over the past six months, the stock has fallen by more than 260%.
Additionally, reports from The Kobeissi Letter show how serious the firm’s losses are.
Ergo, if Strategy survives this huge drop without major damage, it could encourage other companies to follow the same path.
But if the pressure from falling prices and high average costs becomes too much, it may turn into a warning story for corporate Bitcoin investing for years to come.
Final Thoughts
- Strategy’s latest purchase shows that the company sees falling prices as long-term opportunities, not warning signs.
- Short-term stock gains show some investor confidence, but long-term performance remains weak.
