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Strategy resumes ‘minor’ bitcoin acquisitions, incorporating $76.6 million in BTC over the past week.
Under the leadership of Executive Chairman Michael Saylor, Strategy acquired 1,031 bitcoin, increasing its total holdings to 762,099 coins.
Key details:
- Last week, Strategy acquired 1,031 BTC for $76.6 million, a significant decrease from the over $1 billion purchases made in the prior two weeks.
- The overall bitcoin holdings have reached 762,099 BTC, with an average acquisition cost of $75,694 each, compared to the current price just below $70,000.
Michael Saylor’s Strategy (MSTR) persisted in increasing its bitcoin holdings last week, albeit at a considerably slower rate than previous purchases.
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Last week, the prominent bitcoin treasury firm acquired 1,031 bitcoin at a total expense of $76.6 million, equating to $74,326 per coin.
Strategy’s total holdings are now at 762,099 BTC, which were obtained for around $57.69 billion, or an average price of $75,694 per coin.
The latest purchases were funded entirely through the sale of common stock, as disclosed in a filing on Monday.
This recent acquisition occurred at a significantly lower scale compared to the last two weeks, during which the company bought over $1 billion worth of bitcoin, capitalizing on the issuance of its STRC preferred shares.
Bitcoin is currently trading near $70,000. MSTR shares have risen by 1.7% in premarket trading.
