Strategy (MSTR), the software company turned serial cryptocurrency acquirer, has purchased an additional $2.13 billion U.S. of Bitcoin (BTC).
Led by executive chairman Michael Saylor, Strategy bought 22,305 Bitcoin at an average price of $95,284 U.S. per coin over the past week.
The latest acquisition brings Strategy’s total Bitcoin holdings to 709,715 digital tokens, which were acquired at an average price of $75,979 U.S.
Strategy, formerly known as MicroStrategy, is the world’s largest corporate owner of Bitcoin.
The latest purchase was funded through the sale of $1.8 billion U.S. of Strategy common stock and $294.3 million U.S. of its perpetual preferred equity called Stretch (STRC).
Bitcoin is currently trading at $91,000 U.S., having declined 11% over the past 12 months and fallen from an all-time high of $126,000 U.S. reached last October.
MSTR stock is down 55% over the past year and currently trading at $173.71 U.S. a share.
