Strategy, the Bitcoin treasury company formerly known as MicroStrategy, has once again increased its crypto holdings by acquiring 592 BTC worth approximately US$39.8 million, or around Rp670 billion, during the period of February 17–22, 2026.

According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday (February 23, 2026), the purchase was executed at an average price of US$67,286 per Bitcoin.

With this addition, Strategy’s total Bitcoin holdings have reached 717,722 BTC. Based on current market prices, the value of these holdings stands at approximately US$47.5 billion, or about Rp799.9 trillion. However, the company’s total accumulation cost amounts to roughly US$54.6 billion, or around Rp919.4 trillion, reflecting an average purchase price of US$76,020 per coin.

With Bitcoin currently trading near US$64,100, Strategy is facing unrealized losses of approximately US$7.1 billion, equivalent to about Rp120 trillion.

Data from BitcoinTreasuries indicates that 193 publicly listed companies have adopted Bitcoin treasury strategies on their balance sheets. Besides Strategy, companies such as MARA, Metaplanet, Riot Platforms, Coinbase, and Hut 8 are also among the largest corporate Bitcoin holders.

Holding More Than 3% of Bitcoin’s Total Supply

Compared with Bitcoin’s maximum supply cap of 21 million coins, Strategy’s holdings now represent more than 3.4% of the total supply that will ever exist. This figure further solidifies its position as the largest publicly traded corporate Bitcoin holder in the world.

The latest purchase was funded through the company’s Class A common stock sales program under the ticker MSTR. Over the past week, Strategy sold 297,940 MSTR shares, raising approximately US$39.7 million, or around Rp668.5 billion. The company also disclosed that it still has about US$7.8 billion, or roughly Rp131.3 trillion, worth of shares available for issuance and sale under the program.

This move once again highlights Strategy’s aggressive approach in leveraging capital markets to expand its Bitcoin exposure.

Optimism Amid Market Pressure

As in previous instances, Michael Saylor signaled the purchase in advance by sharing an update of the company’s Bitcoin accumulation tracker along with his signature phrase, “The Orange Century.”

In an interview with Fox Business, Saylor acknowledged that the crypto market is currently in a phase commonly referred to as a crypto winter. However, he argued that this cycle is milder than previous ones and may prove shorter in duration.

“We are indeed in a crypto winter, but it is a much milder one,” he said.

He added that support from financial institutions, increased banking sector involvement, and continuous capital inflows differentiate the current environment from that of four years ago.

In a post on X, Saylor further stated, “We may be in the middle of a crypto winter, but spring is coming and Bitcoin will win.”

He also reiterated his long-term outlook, declaring, “If it’s not going to zero, it’s going to one million.”

These remarks reflect Saylor’s consistent conviction that short-term volatility does not alter his long-term belief in Bitcoin’s potential.