Saylor’s Bitcoin Odyssey: Wall Street Cheers as MSTR Sails into the Red

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Ah, the relentless march of Michael Saylor, a modern-day Don Quixote tilting at the windmills of Bitcoin’s volatility! Last week, as the digital gold plummeted to depths unseen since the annals of 2024, our hero, undeterred, continued his dollar-cost averaging-a strategy as steadfast as it is quixotic. Losses? Mere trifles in the grand symphony of his vision.

  • The Strategy, ever faithful, amassed 1,142 more coins, its coffers now brimming with 714,644 BTC, a hoard valued at over $49 billion-on paper, of course.
  • Wall Street, ever the optimist, remains bullish on MSTR, their rosy spectacles firmly in place.

The Strategy’s Unwavering Embrace of Bitcoin

In a proclamation that echoed through the halls of Twitter, Saylor declared his company’s latest acquisition: 1,142 Bitcoin at the princely sum of $78,815 apiece. “We hodl,” he intoned, a mantra as sacred as it is ironic, given the $5 billion in unrealized losses that now shadow his endeavor.

Strategy has acquired 1,142 BTC for ~$90.0 million at ~$78,815 per bitcoin. As of 2/8/2026, we hodl 714,644 $BTC acquired for ~$54.35 billion at ~$76,056 per bitcoin. $MSTR $STRC

– Michael Saylor (@saylor) February 9, 2026

Data, that cold and unflinching arbiter, reveals an average cost per Bitcoin of $76,052. With Bitcoin languishing at $69,000, the Strategy’s ledger bears the scars of a nearly 10% loss. Yet, like a true romantic, Saylor presses on, his shareholders’ dilution a mere footnote in this epic saga.

Last week’s report painted a picture as bleak as a Russian winter: operating losses of $17.4 billion, net losses soaring to $12.4 billion. And yet, the Strategy persists, its shareholders’ equity a sacrificial lamb on the altar of Bitcoin.

Worse still, the company continues to dilute its shareholders, using its common stock as currency for its Bitcoin binge. With $7.9 billion in authorized shares and $20 billion in STRK preferred shares, the total outstanding shares have ballooned to over 300 million, a far cry from the 77 million of yesteryear.

Wall Street’s Rosy Spectacles

And yet, amidst this financial tempest, Wall Street analysts don their rose-tinted glasses, their optimism as boundless as Saylor’s ambition. Cantor Fitzgerald, ever the cheerleader, maintains an overweight rating with a target of $192. BTIG dreams of $250, while Canaccord Genuity, Mizuho, and Truist Financial envision heights of $185, $403, and $268, respectively. The consensus? A target of $347, a 176% leap from the current abyss.

MSTR’s fate, of course, is tethered to Bitcoin’s whims. A rally in the digital currency would send the stock soaring, as it did on that fateful Friday when Bitcoin’s ascent from $60,000 to $70,000 propelled Strategy’s shares by nearly 30%. Ah, the sweet, fleeting embrace of hope!

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2026-02-09 19:16