Strategy (MSTR), the largest publicly traded company holding bitcoin, returned for at least one week to making notably large purchases of bitcoin .
The company added 10,624 bitcoin last week for $962.7 million, or an average price of $90,615 each.
The acquisition was funded mostly by the sale of $928.1 million in common stock; there was also the sale of STRD preferred stock raising $34.9 million.
Total bitcoin holdings now stand oat 660,624 coins acquired for $49.35 billion, or an average cost of $74,696 each.
Bitcoin was higher by 3% over the past 24 hours to $94,000.
MSTR reached a low of about $155 on Dec. 1 amid a panicky sell off in all things crypto late last weekend and into Monday. The stock bounced from those levels for the remainder of the week. Shares are higher by 2.1% to $182.74 in premarket trading on Monday.
Executive Chairman Michael Saylor, currently speaking at the BTC Conference in Abu Dhabi, said he has been in the Middle East this week meeting with sovereign wealth funds, banks, family offices and hedge funds.
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