Strategy's Bitcoin Treasury: $48.7 Billion in Holdings with Strong Debt Coverage and No Liquidation Risk
As of February 22, 2026, Strategy Inc. (formerly MicroStrategy, ticker MSTR) holds **717,131 Bitcoin**, acquired at an average price of approximately $76,027 per coin for a total cost basis of around $54.52 billion. At current Bitcoin market prices near $68,000, these holdings are valued at roughly **$48.7 billion**, placing the company underwater on its Bitcoin investments by several billion dollars amid the ongoing bearish pressure in the crypto market.
Despite the unrealized losses, Stra