Strategy founder Michael Saylor recently reiterated on CNBC, "We’re not selling Bitcoin; we will continue to buy Bitcoin. I expect we’ll be purchasing Bitcoin every quarter, forever."
His remarks came at a time when Strategy’s unrealized losses on Bitcoin exceeded $6 billion, and overall market sentiment was in the "extreme fear" zone.
Strategic Commitment
As the broader crypto market experienced intense volatility, Michael Saylor and his company, Strategy, once again demonstrated unwavering conviction in Bitcoin through decisive action.
Between February 2 and February 8, 2026, Strategy raised approximately $89.5 million by selling a portion of its stock and used the proceeds to acquire 1,142 Bitcoins.
This latest purchase brought the company’s total Bitcoin holdings to 714,644 BTC, with an average acquisition cost of about $76,056 per Bitcoin.
It’s worth noting that this transaction occurred as the Bitcoin price was retreating from recent highs and the market outlook remained pessimistic. Data shows that during the week of the purchase, Bitcoin fell 8.6%, while Ethereum declined 7.9%.
Institutional Resilience
Amid external concerns that the company might be forced to sell its Bitcoin, Michael Saylor made it clear that such fears are "completely unfounded." He has repeatedly emphasized that the company has built a balance sheet designed to withstand market volatility.
Saylor pointed out that even if Bitcoin’s price were to drop sharply and remain low for years, the company has sufficient capacity to manage through debt restructuring, without being forced to liquidate its Bitcoin holdings. This stance stands in stark contrast to some market speculation.
As of February 11, 2026, data showed Strategy’s unrealized losses on Bitcoin had widened to about $6.5 billion. At that time, Bitcoin was trading near $67,000, while the company’s average purchase cost was $76,052 per Bitcoin.
Despite these significant paper losses, Strategy’s stock continued to trade at a premium to the value of its Bitcoin holdings—about 9% higher. This premium reflects continued market confidence in Saylor and his team’s approach.
The Source of Confidence
Saylor’s long-term confidence in Bitcoin stems from several factors. He views Bitcoin as "digital capital," and believes its volatility is naturally much higher than that of traditional stores of value like gold, stocks, or real estate.
In his view, true capital investors should have at least a four-year investment horizon. "If your investment horizon is less than four years, you’re not really a capital investor," Saylor said. "Traders may benefit from price swings, but long-term investors are focused on performance over a four-year cycle."
Saylor also revealed an innovative financial strategy: by issuing credit instruments equivalent to 1.4% of capital assets, the company can pay dividends in Bitcoin while continuing to grow its Bitcoin holdings. This plan highlights creative thinking in integrating Bitcoin into corporate financial structures.
Market Reality
The crypto market in February 2026 was undergoing a significant correction. According to Gate Ventures’ weekly market review, total crypto market capitalization fell by 7.6%.
The Fear & Greed Index remained at an extremely low 14, indicating weak investor confidence. At the same time, Bitcoin and Ethereum ETFs experienced record outflows, reaching approximately $689.2 million and $149.1 million, respectively.
Against this backdrop, Bitcoin’s real-time price on the Gate exchange hovered around $67,000—a notable drop from its late 2025 highs.
Long-Term Outlook
Despite short-term market pressures, many institutions remain optimistic about Bitcoin’s long-term prospects. Firms like Standard Chartered and Bernstein have set their 2026 Bitcoin price targets at around $150,000.
These institutions believe Bitcoin is undergoing a fundamental transformation—gradually breaking away from the pronounced "four-year halving cycle" volatility and moving toward a more resilient, long-term growth trajectory. Key drivers include the permanent access provided by spot ETFs, ongoing corporate treasury allocations, and potential macro policy tailwinds.
Gate’s research reports echo this view, highlighting Bitcoin’s scarcity, inflation-hedging properties, and growing institutional trust as strong supports for its long-term outlook. The reports also caution investors to remain aware of Bitcoin’s volatility, regulatory uncertainties, and risks from macro events.
"The orange dots matter." That’s how Michael Saylor put it in a recent social media post, sharing Strategy’s Bitcoin holdings tracker. This statement seems to reference not only Bitcoin’s iconic orange branding, but also the deeper significance behind each purchase.
Conclusion
On the Gate trading platform, Bitcoin was quoted at around $67,000 on February 11. Over the past week, despite an 8.6% market drop, Michael Saylor’s Strategy added 1,142 Bitcoins to its holdings.
Saylor’s remarks on CNBC were unequivocal: "We’re not selling; we’re buying Bitcoin. I expect we’ll be buying Bitcoin every quarter, forever." This commitment goes beyond market cycles, reflecting a capital allocation philosophy grounded in a multi-year perspective.
No matter how the market fluctuates in the short term, this kind of long-term conviction from institutional investors may well be the ultimate anchor for Bitcoin’s value network.
