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Michael Saylor's Strategy purchased $168 million in bitcoin last week

source-logo  coindesk.com 2 h
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Strategy (MSTR) continued with its customary bitcoin purchases in the last week, adding 2,486 BTC for $168.4 million.

The company's holdings are now 717,131 bitcoin acquired for $54.52 billion, or an average of $76,027 per coin. Bitcoin's current price sits at $68,000, putting the company at a loss of about $8,000 per coin, or a total of about $5.7 billion.

Last week's buys were funded via $90.5 million in common stock sales and $78.4 million in sales of the company's STRC preferred series of stock, according to a Tuesday morning filing.

MSTR shares are lower by 3.2% in premarket trading and down more than 60% year-over-year.

coindesk.com