Strategy Inc. Doubles Down on Bitcoin Accumulation

The message from Strategy Inc., formerly known as MicroStrategy, is unequivocal: buy. Executive Chairman Michael Saylor has directly countered market speculation, affirming the company's commitment to expanding its colossal Bitcoin holdings despite significant volatility in both the cryptocurrency and the firm's own share price.

Backing this stance with immediate action, the corporation utilized its share offering program between February 2 and February 8. During this period, it placed approximately 616,715 Class A common stock shares. The net proceeds, totaling nearly $89.5 million, were almost entirely redeployed into the cryptocurrency market. Strategy Inc. purchased an additional 1,142 Bitcoins for about $90 million, paying an average price of roughly $78,815 per coin. This acquisition brought the company's total Bitcoin treasury to 714,644 units as of the reporting date, February 8, 2026.

A Firm Denial of Sales Rumors

In a Tuesday interview, Michael Saylor moved to dispel rumors that the company might be forced to liquidate portions of its treasury reserves. His statement was unambiguous: Strategy Inc. will "not sell any Bitcoin." Instead, Saylor confirmed the ongoing objective of quarterly accumulation of the digital asset. This strategy reinforces the firm's positioning as a leveraged proxy for Bitcoin investment.

Should investors sell immediately? Or is it worth buying Strategy?

Volatility Remains the Defining Characteristic

This uncompromising bet on the flagship cryptocurrency continues to drive extreme swings in the company's equity. Although the stock recently managed to rebound by almost 33% from local lows following the latest quarterly results and the confirmed strategy, its dominant risk factor remains an inherent dependency on Bitcoin's price movements. The shares are currently trading at €108.25, reflecting a 12-month decline of approximately 65%.

For investors, the situation persists as a high-risk proposition. While the legacy software business provides stable margins, the massive fluctuations in the value of the Bitcoin holdings overshadow operational performance. As long as the company's market capitalization is almost exclusively tied to the digital asset's performance, elevated volatility is likely to remain the stock's defining trait.