Strategy Buys Bitcoin For The 100th Time, Even Amid Severe Bear Market

The company recently bought 592 Bitcoin for $39.8 million, following the sale of 297,940 Class A shares through its at-the-market program.

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Anushka Basu · Stocktwits

Published Feb 23, 2026, 1:54 PM

MSTR
  • Strategy sold shares to buy more Bitcoin, keeping up its aggressive buying strategy even though the market was weak.
  • The company's total Bitcoin holdings grew even more, and it still has a lot of room to raise money by selling more shares in the future.
  • At the same time, market maker Jane Street bought MSTR shares in the fourth quarter, surpassing last quarter by 473%.

Strategy (MSTR) announced on Monday that it sold almost 298,000 shares and used the money to buy more Bitcoin. 

The company stated that between February 17 and February 22, 2026, it sold 297,940 Class A shares through its at-the-market (ATM) program, bringing in about $39.7 million. The money was used to buy 592 Bitcoin at an average price of $67,286 per BTC, totaling about $39.8 million, including fees. This makes it the 100th Bitcoin purchase the firm has made, even as Bitcoin (BTC) tanked to an intraday low of $64,000.

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Market watchers point out Strategy's 100th Bitcoin buy. Source: @RoaringRagnar/x

With this new purchase, Strategy now owns 717,722 BTC in total. The company revealed it has bought its Bitcoin for a total of $54.56 billion, with an average price of $76,020 per Bitcoin. The company said that as of February 22, it had about $37.4 billion in securities that could be sold through its ATM programs in the future. That includes $20.3 billion in STRK stock and $7.8 billion in MSTR stock.

Strategy (MSTR) was trading down 2.25% in the pre-market session. However, on Stocktwits, retail sentiment around MSTR dropped from ‘neutral’ to ‘bearish’ zone over the past day, accompanied by ‘extremely low’ chatter levels.

Jane Street's MSTR Stake Grew By 473% 

According to its most recent Form 13F filing, Jane Street increased its stake in Strategy Inc. in the fourth quarter of 2025 by adding to its common stock position and its call and put option holdings.

In the fourth quarter of 2025, the company increased its MSTR common share holdings by 473% more than the previous quarter. This has been a big uptick in its direct equity stake in the company. 

Jane Street's MSTR holdings rose by 785,224 shares to 951,187 shares in the fourth quarter, according to its SEC filing. The holdings were worth $144.53 million, up from $53.47 million at the end of the third quarter.

Read also: $2.2 Trillion Crypto Market Selloff: Bitcoin Could Drop To $40K, Analysts Say

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