Michael Saylor Spends Rp2.8 Trillion to Acquire 2,486 Bitcoin
Jakarta, VIVA – The Bitcoin buying spree by Michael Saylor’s company, Strategy, shows no signs of slowing down. The firm, which holds the world’s largest corporate Bitcoin reserve, has once again purchased 2,486 units of the digital gold asset.
The transaction was valued at US$168.4 million, or approximately Rp2.85 trillion (estimated at an exchange rate of Rp16,930 per US dollar). The total represents accumulated purchases during the period of 9–16 February 2026.
According to an 8-K filing submitted to the United States Securities and Exchange Commission (SEC), the purchases were made at an average price of US$67,710, or approximately Rp1.14 billion per Bitcoin. With this latest transaction, Strategy’s total Bitcoin reserves now stand at 717,131 BTC.
Saylor, co-founder and Executive Chairman of Strategy, stated that the total holdings are worth approximately US$48.8 billion. All the Bitcoin was acquired at an average price of US$76,027 per coin, with total acquisition costs reaching approximately US$54.5 billion, including fees and other expenses.
Strategy’s holdings are equivalent to more than 3.4 per cent of Bitcoin’s maximum global supply of 21 million coins. On the other hand, the substantial Bitcoin reserves have left the company bearing unrealised losses of approximately US$5.7 billion.
Amid cryptocurrency market volatility, Strategy remains confident in its aggressive Bitcoin accumulation strategy. The company has stated it could withstand a scenario in which Bitcoin’s price falls to as low as US$8,000 and would still possess sufficient assets to cover all its obligations.
“We plan to convert our convertible debt into equity over the next three to six years,” Saylor was quoted as saying by The Block on Thursday, 19 February 2026.
Saylor is even optimistic about Bitcoin’s long-term prospects. “I think Bitcoin will deliver two to three times the performance of the S&P over the next four to eight years,” he said.
A number of analysts have also assessed Strategy’s financing structure as relatively conservative despite the use of leverage. The company is known to maintain adequate cash reserves to pay dividends and does not face any major debt maturities until 2028.