Strategy (MSTR), the largest publicly traded bitcoin holder, continued its aggressive buying streak for a second consecutive week, despite pressure on its share price.
Last week, the company acquired 10,645 BTC for $980.3 million, at an average of $92,098 per coin. Total holdings now stand at 671,268 BTC, purchased for $50.33 billion at an average of $74,972 each.
According to a Monday filing, most of the purchase was funded through $888.2 million in common stock sales, with the remainder from the STRD preferred stock series.
This marks two straight weeks of roughly $1 billion in bitcoin purchases. Previously, weekly buys were smaller due to fundraising limits, but Michael Saylor and his team have aggressively sold common stock to fund acquisitions, setting aside concerns about shareholder dilution.
MSTR shares are flat in premarket trading, while bitcoin trades near $89,600 following weekend declines.
Strategy also confirmed it will remain in the Nasdaq 100 and sent a letter to MSCI opposing the exclusion of digital assets from its indexes.
