Strategy (MSTR), the largest publicly listed bitcoin holder, briefly returned to making sizable acquisitions last week after a period of more modest buying. The company purchased 10,624 BTC for $962.7 million, paying an average of $90,615 per coin.
The bulk of the acquisition was financed through the sale of $928.1 million in common stock, supplemented by $34.9 million raised from issuing STRD preferred shares.
With the latest purchase, Strategy now holds 660,624 BTC accumulated at a total cost of $49.35 billion, or an average price of $74,696 per coin.
Bitcoin itself climbed 3% over the past 24 hours to trade near $94,000.
Shares of MSTR, which plunged to roughly $155 on Dec. 1 during a broad crypto-market selloff, recovered throughout the week. The stock is up 2.1% in premarket trading Monday at $182.74, though it remains more than 50% lower over the past six months.
While the company has continued to add bitcoin nearly every week, recent purchases had been comparatively small as worsening market conditions limited its ability to raise capital. Despite the prolonged decline in its share price, Strategy has accelerated equity issuance, raising nearly $2 billion two weeks ago to build a cash buffer for preferred-dividend payments and securing another $1 billion last week to expand its BTC reserves.
Executive Chairman Michael Saylor, speaking at the BTC Conference in Abu Dhabi, said he has been meeting this week with sovereign wealth funds, banks, family offices and hedge funds across the Middle East.























