Strategy (MSTR), the largest publicly traded holder of bitcoin resumed purchases after boosting its US dollar reserves to $2.2 billion the prior week. The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin.
Total holdings increased to 672,497 BTC, acquired for $50.44 billion, representing an average purchase price of $74,997 per bitcoin. The acquisition was funded through the sale of $108.8 million in Class A common stock.
MSTR shares were down 1% in premarket trading to $157 per share, while bitcoin slipped to around $87,000.
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