Bitcoin Worst Purchase Averages Per BTC February 4, 2026
Bitcoin holding related public companies. Average purchase amount per Bitcoin
List of companies purchased at the worst prices
Current Bitcoin price$76,472
Trump Media & Technology Group Corp
The company with the largest Bitcoin holdings and the highest average purchase price is Trump Media & Technology Group Corp. The current Bitcoin price is $76,472
They bought 11,542 coins for an average of $118,529, significantly higher than $76,472, and their debt is $953.56 million. They have ample cash, so they won't go bankrupt anytime soon, but their debt could grow significantly.
Metaplanet Inc
Raising funds by issuing bonds and stocksMetaplanet Inc. holds 35,102 Bitcoins, having purchased them at an average purchase price of $107,716, far exceeding the current value of Bitcoin. Rather than selling Bitcoin to cover losses, they are engaging in an unheard-of business model of taking out more debt, using the proceeds to repay the debt and then buying more Bitcoin. Their current debt is not that large, at $250 million, but as their hidden debts grow, they will no longer be able to repay the debts, becoming insolvent and potentially bankrupt. Why is no one offering advice? Do they understand that as Bitcoin becomes more expensive, the number of people who can buy it will become limited, and that its value will not rise unless someone is constantly buying it? When will they sell it all off?
Bitcoin-backed loans using bitbank, Metaplanet Inc's flagship bank
Bitbank's main banking investment and partner is Sumitomo Mitsui Trust Holdings
Norway's central bank (Norges Bank) manages one of the world's largest sovereign wealth funds, the Government Pension Fund Global (GPFG).
Strategy inc.
Strategy Inc. holds the world's largest holdings of Bitcoin, with 713,502. It raised funds through the issuance of corporate bonds and stocks, and has a staggering debt of approximately $8.2 billion, secured by a massive number of Bitcoins. The current Bitcoin price of $76,472 is approaching the average purchase price of $76,047. When combined with the interest on this massive debt, hidden debts will increase dramatically, and if the average Bitcoin purchase price exceeds this, the company will be on the brink of bankruptcy. Why is no one offering advice? Do they understand that as Bitcoin becomes more expensive, fewer people can afford to buy it, and that its value will not rise unless someone is constantly buying it? Can you give me an example of a successful example of this business model? It's the greatest fraud in history, and what's worse is that the people involved don't understand it.
Is it possible to predict that miners will start selling more as the price of Bitcoin falls?
The stock price is currently at 133.26, which is quite low compared to 400 USD six months ago.
the Swiss National Bank increased its stake in Strategy Inc
Silvergate Bank
Total Number of Bitcoin Order
Strategy Inc. (formerly MicroStrategy Incorporated, ticker: MSTR) operates a unique, hybrid business model that functions primarily as a leveraged Bitcoin treasury company, while maintaining a smaller, legacy enterprise software business. Under Executive Chairman Michael Saylor, the company has positioned itself as the world’s largest corporate holder of Bitcoin.
Here is a breakdown of the Strategy Inc. business model:
1. Bitcoin Treasury Strategy (Core Engine)
The primary driver of the business is accumulating and holding Bitcoin on its balance sheet for the long term.
Leveraged Acquisition: Strategy Inc. uses a "leveraged bet" approach, utilizing proceeds from debt (convertible notes) and equity financing to purchase more Bitcoin.
"Bitcoin Yield": The company calculates a metric called "Bitcoin Yield," which aims to maximize the amount of BTC per share, theoretically providing higher returns than just holding the cryptocurrency.
Accumulation: As of early 2026, the company held over 700,000 bitcoins.
2. Capital Accumulation Mechanism
Strategy Inc. has developed a "flywheel" or "infinite money loop" to fund its purchases:
Issuing Debt/Equity: The company raises capital through low-interest or zero-coupon convertible notes and sales of new common/preferred stock.
Rising Stock Price: Because the stock (MSTR) often trades at a premium to the value of its Bitcoin holdings, the company can sell shares at a high price to buy more Bitcoin, which in turn drives up the stock price further.
Digital Credit Instruments: The company has introduced specialized, Bitcoin-backed, high-yield securities (e.g., Strike, Stride, Stretch) to raise funds.
3. Software Business (Legacy Operations)
Despite its shift in focus, Strategy Inc. still operates its original software business.
AI-Powered Analytics: The company provides enterprise analytics and business intelligence software, such as Strategy One (formerly MicroStrategy One).
Cash Flow Support: While small compared to its Bitcoin holdings, the software business provides operational cash flow that can be used to purchase additional Bitcoin.
4. Risks and Characteristics
High Volatility: The stock price is highly correlated with the price of Bitcoin.
Leverage Risk: The model relies on constant, successful fundraising; a prolonged downturn in Bitcoin could make it difficult to service the debt, potentially forcing asset sales.
"Bitcoin Proxy": Investors often use MSTR as a, "spot-leveraged ETF," to gain exposure to Bitcoin without holding it directly.
In essence, Strategy Inc. is a specialized, public, Bitcoin-heavy investment vehicle that acts as a "black hole" for capital, converting it into Bitcoin to dominate the digital asset space.
