Whale Alert: MSTR Swallows 2,486 $BTC Despite $5.7B Paper Loss 🐋
The conviction remains unbroken. MicroStrategy (now operating as Strategy Inc.) just confirmed a fresh purchase of 2,486 Bitcoin for $168.4M. While retail sentiment wavers, the ultimate institutional whale is doubling down.
The Institutional Alpha:
• The Buy: 2,486 BTC added between Feb 9–16.
• Total Treasury: A staggering 717,131 BTC (Over 3.4% of total supply).
• Average Cost: $76,027 per coin.
• The Gap: With BTC at ~$68,000, MSTR is holding a $5.7B unrealized loss, yet they continue to bid.
Why this matters for the market:
Instead of selling, Saylor is raising capital through equity ($90.5M common stock + $78.4M preferreds) to aggressively absorb the circulating supply. This is a massive Supply Shock signal. When the largest corporate holder treats a 10% price gap as a "discount" rather than a "disaster," it sets a powerful floor for the next leg up.
The mission is clear: Swap fiat for the hardest asset on earth. 💎🙌