Strategy (MSTR) continued its weekly bitcoin purchases, although last week’s buying was relatively small.
Led by executive chairman Michael Saylor, the company bought 855 bitcoins for $75.3 million, or 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 routinely (but not always) acquired hundreds of millions or even billions of bitcoin each week over the past several 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.
After the price drop at the end of last week that spilled over into the weekend, bitcoin is trading just above $77,000, putting the company just above breakeven after roughly 5.5 years of buying BTC.
MSTR shares are down 7.3% in premarket 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’s probably not reaching for the panic button
