Strategy (MSTR) continued its weekly bitcoin purchases last week, though at a reduced level from the $1 billion of purchases in the previous two weeks.
Led by Executive Chairman Michael Saylor, MSTR added 2,932 bitcoin for $264.1 million, or an average price of $90,061 each.
The company’s holdings now stand at 712,647 bitcoins acquired for $54.19 billion, or an average price of $76,037 each. After another significant drop over the weekend, bitcoin was trading around $87,500 on Monday morning, making the company’s stack worth just over $62 billion.
Last week’s acquisition was almost entirely funded by the sale of common stock, according to a filing Monday morning, but the company also raised $7 million via the sale of its STRC series of preferred stock.
MSTR is lower by 2% in pre-market action on Monday.
