Bitcoin Reserve Strategy Pioneer MicroStrategy (originally MicroStrategy) has once again increased its position, purchasing 592 more Bitcoins, bringing the total holdings to 717,722 BTC, with an unrealized loss of $7.9 billion. Founder Michael Saylor stated that we may currently be in a crypto winter, but the current situation is better than previous cycles and conditions for recovery are already in place. He optimistically declared: If Bitcoin doesn’t go to zero, it will be worth a million!
Strategy Adds to Bitcoin Holdings, Total Now 717,722 BTC
This time, Strategy raised $39.7 million through the issuance of common stock MSTR and acquired 592 Bitcoins at an average cost of $67,286 each. As of February 23, 2026, Strategy holds a total of 717,722 Bitcoins, with a total cost of $54.56 billion and an average cost of $76,020 per Bitcoin.
Holding 3.4% of Bitcoin, Unrealized Losses Reach $7.9 Billion
Based on a fixed cap of 21 million Bitcoins, MicroStrategy owns over 3.4% of the total supply. Its unrealized losses have reached $7.9 billion (estimated at Bitcoin’s current price of $65K).
MSTR Falls to a Year-and-a-Half Low, mNAV Rises to 1.2
As Bitcoin continues to weaken, MicroStrategy’s stock (MSTR) also dropped to its lowest since September 2024. According to official data, its mNAV (the ratio of current stock price to the value of its Bitcoin holdings) has slightly increased to 1.2, likely due to recent issuance of preferred shares to raise capital, reducing the dilution of Bitcoin per share.
Saylor: This Crypto Winter Is Milder Than Before, Not Going to Zero Means a Million
Having survived multiple crypto winters, founder Michael Saylor remains confident, stating that we may currently be in a crypto winter, but the situation is better than previous cycles and conditions for recovery are already in place. He pointed out that banks are supporting Bitcoin more than four years ago, and the digital asset ecosystem continues to attract capital and make technological progress. He also said:
If Bitcoin doesn’t go to zero, it will be worth a million!
This article, “MicroStrategy’s Bitcoin Losses Reach $7.9 Billion, Saylor: If BTC Doesn’t Go to Zero, It’s Heading to a Million,” first appeared on Chain News ABMedia.
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