February 17, 2025, Michael Saylor’s strategy acquired an additional 2,486 Bitcoins for $168.4 million at an average price of $67,710 per BTC. With the latest purchase, the company’s total Bitcoin holdings stand at 717,131 BTC. Currently, Strategy owns $54.52 billion in Bitcoin, making it the largest institutional holder of crypto.
However, Bitcoin continues to decline, hovering between $67,000 and $69,000, sending Saylor’s company’s cash flow into the red. Bitcoin has fallen nearly 23% since the start of 2026 alone. The company’s average basis cost of $76,027 per coin means its Bitcoin position is currently carrying substantial unrealized losses approaching $7 billion as of early February.
Saylor’s aggressive accumulation, which began in August 2020, continued despite the bear market. In fact, he doubled his stake in Bitcoin, saying “spring is coming.”
We may be in the middle of a crypto winter, but spring is coming – and Bitcoin is winning. pic.twitter.com/jxvzK3XwSN
-Michael Saylor (@saylor) February 17, 2026
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Saylor’s plan of action if Bitcoin falls below the critical support level of $58,800?
The strategy’s stock performance was dismal, but the biggest whale in the room raised cash quickly by selling shares to buy more Bitcoin.
The biggest fear that’s probably keeping you up at night is the “hard sell.” If Strategy’s stock price collapses because buyers lose confidence, could they be forced to liquidate Bitcoin to cover their debts? Analysts are divided. Some market observers are now suggesting that investors may be better off buying Bitcoin directly rather than holding Strategy shares, which risks further decoupling from the asset it holds.
Still, long-time holders are familiar with this game. When it comes to Bitcoin volatility and HODLer conviction, true believers view these dips as temporary noise. Unless Bitcoin falls below the critical support level at $58,800, Strategy will likely hold on.
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Meanwhile, Metaplanet Continues to Buy the Dip Despite Net Loss of $619 Million Due to Bitcoin Depreciations
Asia’s Strategy, aka Metaplanet, also the world’s fourth-largest public Bitcoin holding company, reported a loss of $619 million for the fiscal year.
But here’s the twist! They don’t sell. Instead of retreating, the company aggressively increased its Bitcoin reserve to 35,102 BTC. Additionally, Metaplanet reaffirmed its long-term goal of owning 1% of the total Bitcoin supply, or 210,000 BTC.
February 16, 2026, Simon Gerovich, CEO of Metaplanet took to X to reveal guidance for fiscal 2026, which includes revenue of +80% year-on-year and operating profit of +81% year-on-year.
Metaplanet posted a net loss of 102.2 billion yen ($665.8 million), mainly due to a decline in the value of its Bitcoin holdings. While paper losses dominated the balance sheet, Metaplanet’s core operations thrived. Revenue jumped 738% to 8.91 billion yen ($58 million), from 1.06 billion yen the previous year.
“We launched the Bitcoin Income business in the fourth quarter of 2024. Since then, this strategy has become our primary source of revenue and is expected to remain a key driver of earnings growth,” the company said.
Happy Chinese New Year
New Year. New blessings. No more Bitcoin.
+80 BTC acquired
#Bitcoin #BTC… pic.twitter.com/VmpyEaFfeb
– ddcbtc (@ddcbtc_) February 17, 2026
+80 BTC acquired
Average cost per farm: $84,944
BTC yield (YTD): +45.6%
BTC per 1,000 shares: 0.057887
Full version: Read more: Metaplanet Continues to Buy the Dip Despite $619 Million Net Loss Due to Bitcoin Depreciations
Key takeaways
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The strategy’s stock performance was dismal, but the biggest whale in the room raised cash quickly by selling shares to buy more Bitcoin.
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Saylor’s aggressive accumulation, which began in August 2020, continued despite the bear market. In fact, he doubled his stake in Bitcoin, saying “spring is coming.”
The post Saylor Says ‘Crypto Spring Is Coming’ as Strategy Adds 2,486 Bitcoin: Pushes Total Holdings to 717,131 BTC appeared first on 99Bitcoins.
