Strategy (MSTR) continued its weekly bitcoin purchases, although last week’s acquisition was relatively small.
Led by CEO Michael Saylor, the company purchased 855 bitcoins for $75.3 million, or an average price of $87,974 each. The purchases were financed through the sale of common stock, according to a filing Monday morning.
The purchases were relatively small for the company, which has typically (but not always) acquired hundreds of millions, or even billions, of bitcoins each week over the past few months.
Strategy’s total holdings now stand at 713,502 bitcoins, purchased for approximately $54.26 billion, or an average price of $76,052 each.
Following the price drop late last week that extended into the weekend, bitcoin is trading just above $77,000, putting the company just above breakeven after about 5.5 years of buying BTC.
MSTR shares fell 7.3% in premarket trading to a new multi-year low of $138.80.
Read more: Michael Saylor’s bitcoin stack is officially underwater, but here’s why it probably won’t hit the panic button
