Led by CEO Michael Saylor, Strategy (MSTR) made a massive purchase of bitcoins last week.
The leading bitcoin treasury company added 17,994 bitcoins to its holdings for a total cost of $1.28 billion, or $70,946 per coin. The company’s stack now stands at 738,731 BTC acquired for $56.04 billion, or $75,862 per coin.
Bitcoin is currently trading just below $68,000.
Last week’s purchases were mostly financed through $900 million in common stock sales. The company also sold $377 million of its STRC series of preferred shares, according to a filing Monday morning.
MSTR shares rose 0.2% in premarket trading.
