Strategy Acquires $1.25 Billion in Bitcoin: Why MSTR Stock is Lagging

As 2026 begins, Michael Saylor’s strategy appears to be recovering from a tough end to 2025 that was characterized by volatility and exclusions from MSCI indices.

Key Takeaways

Strategy has acquired 13,627 BTC for $1.25 billion, marking a significant entry into 2026.
The acquisition was financed through the sale of MSTR shares and Series A Perpetual Preferred Stock.
Strategy's total Bitcoin holdings now amount to 687,410 BTC.
Despite Bitcoin's stability around $92,000, MSTR stock is experiencing a significant decline.
The future may hold potential for recovery in stock prices, evidenced by a recent uptick.

In conclusion, while the company has made substantial strides in Bitcoin acquisition, the performance of MSTR stock highlights ongoing challenges that investors and the market are closely monitoring.

Strategy Adds 13,627 BTC

Massive Bitcoin Purchase Announced

Recent filings with the SEC reveal that the company has kicked off 2026 with an impressive $1.25 billion purchase, acquiring 13,627 Bitcoin (BTC) at an average price of $91,519 each. To finance this significant acquisition, Strategy utilized a dual-track stock sale, which included selling 6.8 million shares of MSTR stock, resulting in $1.13 billion in net proceeds. In addition, they sold 1.2 million shares of their Series A Perpetual Preferred Stock, trading under the ticker STRC, raising another $119.1 million.

This robust financing has bolstered Strategy’s total Bitcoin holdings to an extraordinary 687,410 BTC. Although the recent purchase was made at an average price of $91,519 per Bitcoin, the firm's overall cost basis remains a strong $75,355. These figures underscore Strategy’s commitment to a Bitcoin-centric approach, which has influenced many companies since 2020.

Stock Performance Struggles

Looking at the broader scenario, there is a clear discrepancy between the value of Bitcoin and the performance of the company’s stock. Bitcoin continues to hold steady around the $92,000 mark, currently trading at $92,118.27. However, MSTR stock is facing challenges; following a high of $455.90 in July 2025, it has seen a sustained decline and is now trading at approximately $162.23.

MSTR — Stock Price Source: BitcoinTreasuries.Net

This 60% retracement from its peak highlights the market’s assessment of what has been referred to as the “Saylor Premium.” Despite ongoing downward pressure, early signs of recovery are emerging, with stock prices rising by 4.90%, according to Google Finance data.

Continued Bitcoin Acquisitions

The recent Bitcoin purchase aligns with the firm’s holdings, which stood at precisely 673,783 BTC on January 5, 2026. Additionally, founder Michael Saylor excited the community with a brief yet impactful two-word post on X: “Big Orange.” This post reaffirms the company's position as a leading force in the Bitcoin Standard era.