Bitcoin buying by Strategy reached $264 million last week, down from its recent rapid pace.

MicroStrategy Slows Bitcoin Buying, Adds $264 Million Last Week

MicroStrategy (MSTR) continued acquiring bitcoin last week, though at a slower pace than the $1 billion-plus purchases of the prior two weeks. Led by Executive Chairman Michael Saylor, the company added 2,932 BTC for $264.1 million, at an average price of $90,061 per coin.

The firm now holds 712,647 BTC, bought for a total of $54.19 billion—an average of $76,037 per bitcoin. With bitcoin trading around $87,500 on Monday, MicroStrategy’s holdings are valued at just over $62 billion.

Most of last week’s purchases were funded through common stock sales, with an additional $7 million raised via the STRC preferred stock series, according to a Monday filing. MSTR shares were down roughly 2% in pre-market trading.

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