Strategy ( MSTR ), the world’s largest publicly traded holder of bitcoin, continued its big streak of weekly purchases, adding $1.57 billion worth of BTC, according to a Monday filing.
Led by executive chairman Michael Saylor, the company added 22,337 bitcoin at an average price of $70,194 per coin, bringing the holding to 761,068 coins, acquired for $657.61 billion, or an average of $75,696 per coin.
In terms of bitcoin acquired, it was the fifth largest ever weekly purchase of coins by the company.
Bitcoin was trading at $73,600 on Monday morning, up 2.6% over the past 24 hours.
The latest addition to the company’s bitcoin stockpile was mostly funded via $1.1 billion in sales of the firm’s STRC series of preferred stock. The company also sold $396 million of common stock.
MSTR shares are up 4% in premarket trading as bitcoin rallied over the weekend, and are currently trading at $73,600, up 2.6% over the past 24 hours.
