What to know : Strategy last week purchased 1,031 BTC for $76.6 million, a sizable drop from $1 billion-plus purchases in the previous two weeks. Total bitcoin holdings reach 762,099 BTC acquired at an average cost of $75,694 each, versus the current price just under $70,000.
Michael Saylor's Strategy (MSTR) continued to add to bitcoin holdings last week, but at a vastly reduced pace from recent previous acquisitions.
The leading bitcoin treasury company last week added 1,031 bitcoin for a total cost of $76.6 million, or $74,326 per coin.
Strategy’s total holdings now stand at 762,099 BTC, acquired for approximately $57.69 billion, or an average price of $75,694 each.
The new buys were entirely funded via the sales of common stock, according to a Monday filing.
This latest acquisition was at a vastly reduced scale compared to the previous two weeks, when the company purchased more than $1 billion of bitcoin, taking advantage of the issuance of its STRC preferred shares.
Bitcoin is currently trading around $70,000. MSTR shares are higher by 1.7% in premarket trading.
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