Michael Saylor Executes Second Straight $1B Bitcoin Buy in a Single Week

Despite ongoing challenges in its share price, Strategy (MSTR), the largest publicly traded holder of bitcoin, continued its aggressive accumulation of BTC for the second consecutive week.

Last week, the company purchased 10,645 bitcoin for $980.3 million, at an average price of $92,098 per coin. This brings Strategy’s total holdings to 671,268 BTC, acquired for $50.33 billion at an average price of $74,972 per bitcoin.

According to a Monday filing, the acquisition was primarily funded through the sale of $888.2 million in common stock, with most of the remaining funds coming from sales of the company’s STRD preferred stock series.

The purchase marks the second straight week of roughly $1 billion in bitcoin acquisitions. While Strategy has consistently added to its BTC holdings in recent months, most weekly buys were previously smaller due to limitations on raising additional funds. Over the past two weeks, Michael Saylor and his team have set aside concerns about shareholder dilution, selling common stock aggressively to finance purchases.

MSTR shares are flat in premarket trading, while bitcoin has retraced to approximately $89,600 following weekend declines.

Separately, Strategy confirmed it will remain part of the Nasdaq 100. The company also sent a letter to MSCI last week opposing the index provider’s proposal to exclude digital assets.

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