Strategy (MSTR), the world’s largest publicly traded Bitcoin holder, continued its extensive weekly buying streak, adding $1.57 billion worth of BTC, according to a filing Monday.
Led by Executive Chairman Michael Saylor, the company added 22,337 bitcoins at an average price of $70,194 per coin, bringing its holdings to 761,068 coins, acquired for $657.61 billion, or an average of $75,696 per coin.
In terms of bitcoin acquired, this is the fifth largest weekly coin purchase ever made by the company.
Bitcoin was trading at $73,600 on Monday morning, up 2.6% over the past 24 hours.
The latest addition to the company’s bitcoin stash was primarily funded by the $1.1 billion sale of the company’s STRC preferred stock series. The company also sold $396 million worth of common stock.
MSTR shares are up 4% in pre-market trading as bitcoin rose throughout the weekend, currently trading at $73,600, up 2.6% over the past 24 hours.
