Strategy is a bitcoin treasury company, which means that its value is driven by its holdings of the cryptocurrency (Charles Schwab). In early February 2026, bitcoin was trading below $70,000, which is below the average cost of bitcoins purchased by the company (Strategy - Purchases, $76,052 as of 5 February 2026, CNBC). As of the launch of this question, Strategy had never reported selling any of its bitcoin holdings (Yahoo [CoinDesk]).

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