Strategy has expanded its Bitcoin holdings to 717,131 BTC after a $168 million purchase, amidst a declining market.
In a significant move, Strategy has added 2,486 Bitcoin (BTC) to its portfolio for approximately $168.4 million, marking an average purchase price of around $67,710 per coin.
As of February 16, 2026, our total Bitcoin holdings amount to 717,131 BTC, acquired for about $54.52 billion at an average price of $76,027 per BTC. — Michael Saylor (@saylor) February 17, 2026
This latest acquisition boosts Strategy's total Bitcoin reserve to 717,131 BTC, purchased for a cumulative cost of about $54.5 billion. Currently, Bitcoin is trading near $67,000, having lost nearly 23% of its value since the year's start, with February potentially marking a fifth consecutive month of declines.
Funding for these purchases came from the sale of common and preferred shares, raising $95.5 million and $78.4 million, respectively. Following the announcement, shares of MSTR fell by 3.5%, contributing to a more than 60% decline in Strategy's stock price over the past year.
The company's market capitalization stands at approximately $42.88 billion, while its Bitcoin fund is valued at around $48.05 billion. However, the market net asset value (mNAV) for Strategy has dipped below 1, a critical metric for evaluating cryptocurrency treasury firms.
Michael Saylor, the founder and chairman, indicated the company's resilience, stating they can maintain stability even if Bitcoin's price plummets to $8,000. Some analysts, however, view this as a marketing tactic, highlighting concerns over the duration of the current downtrend and potential investor disappointment.
Metaplanet Reports Major Loss Due to Bitcoin Valuation
In related news, the Japanese firm Metaplanet reported a net loss of approximately $619 million for 2025, a stark contrast to a net profit of $28.9 million the previous year. This loss primarily stems from a $664.8 million revaluation of its Bitcoin holdings, which have increased from 1,762 BTC to 35,102 BTC, now valued at about $3.5 billion.
Despite the losses, Metaplanet claims its financial position is stable, with debts around $304 million and annual revenues of about $58 million.
El Salvador Continues Bitcoin Accumulation
El Salvador's government has ramped up its Bitcoin accumulation, with reserves reaching approximately 7,564.4 BTC, valued at around $512 million. This acquisition strategy persists despite a loan agreement with the IMF that restricts such purchases.
The country has been mining Bitcoin using geothermal energy since 2021, and recent developments include the Volcano Energy project aimed at enhancing mining capacity.
BitMine Increases Ethereum Holdings Amid Market Challenges
BitMine Immersion Technologies has also expanded its holdings, acquiring 45,759 ETH, bringing its total to 4,371,497 ETH. The company has staked over 3 million ETH, potentially earning an annual passive income of $176 million. However, analysts note that BitMine is facing an unrealized loss nearing $7 billion due to the recent downturn in crypto prices.
BitMine's chairman, Tom Lee, remains optimistic about a potential price recovery for Ethereum, despite a significant drop in its value over the past month.
