MicroStrategy Adds $264 Million in Bitcoin, Slows Weekly Buying Pace
MicroStrategy (MSTR) continued its weekly bitcoin purchases last week, albeit at a slower pace than the $1 billion-plus acquisitions of the previous two weeks. Led by Executive Chairman Michael Saylor, the company added 2,932 BTC for $264.1 million, at an average price of $90,061 per coin.
The company’s total holdings now stand at 712,647 BTC, acquired for a combined $54.19 billion—an average price of $76,037 per bitcoin. With bitcoin trading near $87,500 on Monday following another sizable weekend decline, MicroStrategy’s stack is valued at just over $62 billion.
Last week’s purchases were largely funded through common stock sales, according to a Monday filing, with an additional $7 million raised via the company’s STRC preferred stock series.
In pre-market trading on Monday, MSTR shares were down roughly 2%.
