Michael Saylor’s Strategy (MSTR) added 34,164 bitcoin to its treasury over the past week at an average price of about $74,395 per coin, for a total cost of roughly $2.54 billion, according to a Monday filing.
The purchase brings the company’s total holdings to 815,061 BTC, acquired for approximately $61.56 billion at an average cost basis of $75,527. With BTC currently trading at around $75,000, Strategy’s stash is currently break even. Strategy is the world’s largest publicly-listed bitcoin holder. It began acquiring BTC as a balance sheet asset in 2020.
Last week’s acquisitions were funded by $2.2 million raised through sales of the company’s preferred stock, Stretch (STRC), and $366 million from common stock offerings.
MSTR shares are down more than 2.5% in pre-market trading.
