Michael Saylor Strategy (MSTR) continued to increase bitcoin holdings last week, but at a greatly reduced pace from recent previous acquisitions.
The leading bitcoin treasury company last week added 1,031 bitcoins for a total cost of $76.6 million, or $74,326 per coin.
Strategy’s total holdings now stand at 762,099 BTC, purchased for approximately $57.69 billion, or an average price of $75,694 each.
The new purchases were funded entirely through the sale of common stock, according to a statement Monday.
This latest acquisition was made on a greatly reduced scale compared to the previous two weeks, when the company purchased more than $1 billion worth of bitcoin, taking advantage of the issuance of its STRC preferred shares.
Currently, Bitcoin is trading around $70,000. MSTR shares rose 1.7% in premarket trading.
