Strategy returns to 'small' bitcoin purchases, adding $76.6 million in BTC last week

Michael Saylor's Strategy (MSTR) continued to add to bitcoin holdings last week, but at a vastly reduced pace from recent previous acquisitions.

The leading bitcoin treasury company last week added 1,031 bitcoin for a total cost of $76.6 million, or $74,326 per coin.

Strategy’s total holdings now stand at 762,099 BTC, acquired for approximately $57.69 billion, or an average price of $75,694 each.

The new buys were entirely funded via the sales of common stock, according to a Monday filing.

This latest acquisition was at a vastly reduced scale compared to the previous two weeks, when the company purchased more than $1 billion of bitcoin, taking advantage of the issuance of its STRC preferred shares.

Bitcoin is currently trading around $70,000. MSTR shares are higher by 1.7% in premarket trading.