Strategy (MSTR) continued its weekly bitcoin purchases, although last week’s acquisition was relatively modest.
Led by Executive Chairman Michael Saylor, the company purchased 855 bitcoins for $75.3 million, an average price of $87,974 each. The purchases were financed through the sale of common stock, according to a filing Monday morning.
The purchases were relatively small for the company, which has regularly (but not always) acquired hundreds of millions, if not billions, of bitcoin each week over the past few months.
Strategy’s total holdings now stand at 713,502 bitcoins, acquired for approximately $54.26 billion, or an average price of $76,052 each.
Following the price crash late last week that spilled over into the weekend, bitcoin is trading just above $77,000, putting the company just above break-even after about 5.5 years of buying BTC.
MSTR shares are down 7.3% in pre-market trading to a new multi-year low of $138.80.
Read more: Michael Saylor’s Bitcoin stack is officially underwater, but here’s why he probably won’t hit the panic button
