MicroStrategy Slows Bitcoin Buying, Adds $264 Million Last Week
MicroStrategy (MSTR) continued its weekly bitcoin purchases last week, though at a slower pace than the $1 billion-plus acquisitions of the previous two weeks. Executive Chairman Michael Saylor led the purchase of 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 $54.19 billion—an average cost of $76,037 per bitcoin. With bitcoin trading around $87,500 on Monday, the stack is valued at just over $62 billion.
According to a Monday filing, most purchases were funded through common stock sales, with an additional $7 million raised via the STRC preferred stock series. In pre-market trading, MSTR shares were down roughly 2%.
