Strategy (MSTR), the largest publicly traded bitcoin holder, continued its aggressive accumulation for a second straight week despite ongoing challenges with its share price.
Last week, the company purchased 10,645 BTC for $980.3 million, at an average price of $92,098 per coin. Total holdings now stand at 671,268 BTC, acquired for $50.33 billion, averaging $74,972 per bitcoin.
The acquisition was primarily funded through $888.2 million in common stock sales, with the remainder coming from the company’s STRD preferred stock series, according to a Monday filing.
This marks two consecutive weeks of roughly $1 billion in bitcoin purchases. While Strategy has steadily added to its BTC holdings in recent months, previous weekly buys were generally smaller due to fundraising limits. Over the past two weeks, Michael Saylor and his team have aggressively sold common stock to finance purchases despite shareholder dilution concerns.
MSTR shares are flat in premarket trading, while bitcoin has retreated to around $89,600 following weekend declines.
Separately, Strategy confirmed it will remain in the Nasdaq 100 and submitted a letter to MSCI opposing the exclusion of digital assets from its indexes.
