Strategy (MSTR) continued with its weekly bitcoin purchases last week, although at a reduced level compared to the billion-dollar-plus acquisitions of the previous two weeks.
Led by CEO Michael Saylor, MSTR added 2,932 bitcoins for $264.1 million, or an average price of $90,061 each.
The company’s holdings now stand at 712,647 bitcoins purchased for $54.19 billion, or an average price of $76,037 each. After another sizable 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 acquisitions were funded almost entirely by the sale of common stock, according to a filing Monday morning, but the company also raised $7 million through the sale of its STRC series of preferred stock.
MSTR was down 2% in premarket action on Monday.
