Michael Saylor’s strategy (MSTR) added 13,927 bitcoin to his treasury over the past week at an average price of about $71,902 per share. coin, at a total cost of about $1 billion, according to a Monday filing.
The purchase brings the company’s total holdings to 780,897 BTC, acquired for approximately $59.02 billion at an average cost basis of $75,577.
Last week’s acquisition was fully funded by $1 billion raised through the sale of the company’s preferred stock, Stretch ( STRC ).
The current price of bitcoin is hovering just below $71,000, while MSTR shares are down more than 2.5% in pre-market trading.
Read more: The metric investors overlook in Michael Saylor’s strategy
