Michael Saylor Strategy (MSTR) continued to increase Bitcoin holdings last week, but at a significantly reduced rate compared to previous recent acquisitions.
The leading Bitcoin treasury company added 1,031 bitcoins last week at a total cost of $76.6 million, or $74,326 per coin.
Strategy’s total holdings now stand at 762,099 BTC, acquired for approximately $57.69 billion, or an average price of $75,694 each.
The new purchases were financed entirely through the sale of common stock, according to a filing Monday.
This latest acquisition was on a significantly reduced scale compared to the previous two weeks, when the company purchased over $1 billion worth of bitcoin, taking advantage of the issuance of its STRC preferred stock.
Bitcoin is currently trading around $70,000. MSTR shares are up 1.7% in premarket trading.
