New York, Feb 10, 2026, 10:41 a.m. EST — Regular session
- Strategy shares slipped at the open, with bitcoin lingering close to $69,000.
- The company disclosed in a filing that it sold shares last week to raise $90 million for a new bitcoin buy.
- Crypto prices and Friday’s U.S. CPI report are both on traders’ radar for the next possible jolt.
Strategy Inc shares slipped Tuesday. Executive chairman Michael Saylor told investors the company plans to continue buying bitcoin every quarter—and will look to refinance debt if the token remains under pressure.
The stock moves much like a turbocharged bitcoin stand-in, with investors on edge over how long Strategy can keep buying without ramping up fresh share offerings.
This is key right now: the company’s newest filing once more links new bitcoin purchases with issuing more shares—a move that boosts its crypto stash, but also chips away at shareholder value if the stock’s under pressure.
Strategy shares dropped roughly 1.6% to $136.29 by late morning, after earlier losses approached 5%. Bitcoin slipped 0.4% to $69,240. Coinbase, Marathon Digital, and Riot Platforms—other stocks tied to crypto—were also trading lower.
Strategy disclosed in an 8-K on Monday that it picked up 1,142 bitcoin last week, shelling out about $90.0 million total—averaging $78,815 per coin with fees and expenses factored in. As of Feb. 8, the company’s bitcoin stash reached 714,644, purchased at a combined cost of $54.35 billion, or $76,056 on average.
According to the same filing, Strategy unloaded 616,715 shares through its at-the-market program, pulling in $89.5 million in net proceeds. That leaves roughly $7.97 billion in available capacity for future sales under its common-stock ATM program.
Saylor looked to dial down worries over credit risk during a CNBC “Squawk Box” appearance, insisting the company plans to extend its debt rather than offload bitcoin if the slump stretches out. “If bitcoin falls 90% for the next four years, we’ll refinance the debt,” he said. He also threw in: “I expect we’ll be buying bitcoin every quarter forever.” Investing.com
Strategy, the company once known as MicroStrategy, has anchored its balance sheet in bitcoin, tapping capital markets to keep buying. That approach can boost profits when crypto moves up, but losses get sharper on the way down.
Last week, the company reported a quarterly loss of $12.4 billion after a sharp drop in bitcoin hammered the value of its assets, Reuters said. The episode highlights just how much volatile crypto prices can drive headline numbers.
The risk swings in both directions. Should bitcoin tumble, Strategy may find its window to offload shares at favorable prices snapping shut, and pressing harder on equity sales could trigger fresh dilution fears precisely when investors are already calling for tighter balance-sheet discipline.
Friday brings the latest U.S. inflation numbers, with the Labor Department set to post the January consumer price index at 8:30 a.m. ET—a release known to jolt rate bets and send ripples through risk assets like bitcoin.
