Michael Saylor has once again increased his Bitcoin holdings, though not everyone is convinced by this move. For those who missed the news, the chairman of Strategy announced that his company acquired an additional 855 Bitcoins for $75.3 million, averaging a purchase price of $87,974 per coin.
With this latest acquisition, Saylor and his team now possess a total of 713,502 Bitcoins valued at approximately $56 billion. This amount sits just about 3% above their average cost basis of $76,052 per Bitcoin.
However, shortly after Saylor revealed the purchase, Bitcoin’s price dipped below $75,000 briefly before recovering to roughly $78,000. This fluctuation drew criticism from Peter Schiff—a well-known gold advocate and vocal skeptic of cryptocurrencies—who publicly questioned Saylor’s strategy.
“Your most recent buy was just under $88K. Over the weekend Bitcoin dropped below $75K and remains under $78K—more than $10K less than your average weekly purchase price. Why didn't you take advantage of the dip?”
— Peter Schiff (@PeterSchiff) February 2, 2026
Schiff highlighted that Saylor paid roughly ten thousand dollars more per coin than current market prices and challenged the logic behind such a decision.
Since Bitcoin is trading beneath Strategy’s weekly acquisition cost for these coins, Schiff implied either a miscalculation on Saylor’s part or reluctance to lower their average buying price by purchasing during dips. The stakes are high: with only about a 2.8% profit margin on their entire Bitcoin portfolio so far, any misstep in buying could negatively impact both Strategy’s treasury valuation and investor sentiment toward MSTR stock.
The Financial Dynamics Behind The Bitcoin Holdings
The company initially built its substantial Bitcoin position at an investment value near $54.26 billion and currently shows around $1.5 billion in unrealized gains on paper alone. Despite this impressive holding size—and with a diluted market capitalization close to $52 billion—the firm still trades below its nominal BTC asset value overall but maintains what some call a “Bitcoin premium” factor around 1.15 times relative to MSTR shares.
Whether Schiff’s critique is simply characteristic trolling or grounded financial counsel remains uncertain—but it raises an important question: in such volatile markets why opt to buy at elevated prices while passing up opportunities presented by temporary downturns? As yet there has been no official response from Michael Saylor regarding these remarks.
If past behavior serves as any indication though—it seems likely he will answer through action rather than words—with another multi-million-dollar bet placed confidently into cryptocurrency acquisitions soon enough.