Strategy (MSTR) continued its weekly bitcoin purchases, though last week’s acquisition was relatively small.
Led by executive chairman Michael Saylor, the company purchased 855 bitcoin for $75.3 million, or an average price of $87,974 each. The purchases were funded via the sale of common stock, according to a Monday morning filing.
The buys were relatively small for the company, which has routinely (but not always) acquired hundreds of millions, or even billions, of bitcoin each week over the past several months.
Strategy’s total holdings now stand at 713,502 bitcoin, acquired for approximately $54.26 billion, or an average price of $76,052 each.
Following the tumble in price late last week that spilled over into the weekend, bitcoin is trading just above $77,000, putting the company just above breakeven after about 5.5 years of buying BTC.
MSTR shares are lower by 7.3% in premarket trading, to a new multi-year low of $138.80.