Strategy (MSTR) continued its weekly bitcoin purchases last week, although at a reduced level from the $1 billion-plus acquisitons of 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 bitcoin acquired for $54.19 billion, or an average price of $76,037 each. After another sizable weekend decline, bitcoin Monday morning as trading around $87,500, making the company’s stack worth just over $62 billion.
Last week’s acquisitions were nearly totally funded by common stock sales, according to a Monday morning filing, 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.
www.coindesk.com
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