Strategy (MSTR), the world’s largest publicly traded bitcoin holder, continued its big weekly buying spree, adding $1.57 billion worth of BTC, according to a filing on Monday.
Led by CEO Michael Saylor, the company added 22,337 bitcoins at an average price of $70,194 per coin, bringing holdings to 761,068 coins, purchased for $657.61 billion, or an average of $75,696 per coin.
In terms of bitcoins purchased, it was the fifth-largest weekly coin purchase ever made 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 stash was funded primarily through $1.1 billion in sales of the company’s STRC series of preferred shares. The company also sold $396 million in common stock.
MSTR shares are up 4% in pre-market trading as Bitcoin surged over the weekend, currently trading at $73,600, up 2.6% in the last 24 hours.
