Strategy purchased $264 million in bitcoin last week, a slowdown from recent acquisition pace

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coindesk
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3 hours ago


What to know : Strategy (MSTR) continued its weekly bitcoin acquisitions, purchasing $264.1 million worth of BTC last week. The company’s bitcoin stack now stands at 712,647 coins worth just over $62 billion. Last week’s acquisition was primarily funded through the sale of common stock.

Strategy (MSTR) continued its weekly bitcoin purchases last week, although at a reduced level from the $1 billion-plus acquisitons of the previous two weeks.

Led by Executive Chairman Michael Saylor, MSTR aded 2,932 bitcoin for $264.1 million, or an average price of $90,061 each.

The company's holdings now stand at 712,647 bitcoin acquired for $54.19 billion, or an average price of $76,037 each. After another sizable weekend decline, bitcoin Monday morning as trading around $87,500, making the company’s stack worth just over $62 billion.

Last week's acquisitions were nearly totally funded by common stock sales, but the company also raised $7 million via the sale of its STRC series of preferred stock.

MSTR is lower by 2% in pre-market action on Monday.

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