Strategy (MSTR) continued its weekly bitcoin purchases last week, although at a reduced level compared to the billion-dollar-plus acquisitions of the previous two weeks.
Led by Executive Chairman Michael Saylor, MSTR added 2,932 bitcoins for $264.1 million, averaging $90,061 each.
The company’s holdings now stand at 712,647 bitcoins acquired for $54.19 billion, an average price of $76,037 each. After another significant weekend drop, bitcoin was trading Monday morning around $87,500, putting the company’s value at just over $62 billion.
Last week’s acquisitions were almost entirely funded by the sale of common stock, according to a filing Monday morning, but the company also raised $7 million through the sale of its STRC preferred stock series.
MSTR is down 2% in Monday’s pre-market action.
