The Michael Saylor Strategy (MSTR) added 4,871 bitcoins to its treasury over the past week at an average price of approximately $67,718 per coin, spending approximately $329.9 million, according to a filing on Monday.
The purchase brings total holdings to 766,970 BTC acquired for $58.02 billion at a total average cost of $75,644. At the current bitcoin price of around $69,120, the entire position is about 8% underwater, or about $5 billion in unrealized losses on paper.
Last week’s purchases were mostly funded through $227.3 million in sales of the company’s STRC preferred stock. The remainder was funded by $72 million in common stock sales.
A report from CryptoQuant last week noted Strategy’s 30-day accumulation at approximately 44,000 BTC through the end of March, making it one of only two institutional channels absorbing supply at scale along with spot ETFs, which purchased approximately 50,000 BTC during the same period.
With 766,970 BTC, Strategy holds approximately 3.8% of bitcoin’s total circulating supply of 20.01 million coins and remains by far the largest corporate holder of the asset.
