Serial cryptocurrency acquirer Strategy (NASDAQ: $MSTR) purchased $2.54 billion U.S. worth of Bitcoin (CRYPO: $BTC) over the past week, its third-largest purchase on record.
The company led by Michael Saylor bought 34,164 Bitcoin at an average price of $74,395 U.S. per coin, according to the company’s latest disclosure.
The purchase brings the company’s total holdings to 815,061 Bitcoin, acquired for approximately $61.56 billion U.S. at an average cost of $75,527 U.S.
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With BTC currently trading right around $75,000 U.S., Strategy is breakeven on its holdings. The company remains the world’s largest corporate owner of Bitcoin.
Strategy pivoted from being a software company to acquiring BTC in 2020.
The latest acquisition was funded by $2.2 million U.S. raised through sales of the company’s preferred stock, Stretch (NASDAQ: $STRC), and $366 million U.S. from a common stock sale.
MSTR stock jumped more than 10% on April 17 on news that the company was again breakeven on its Bitcoin holdings.
However, the shares are down 48% over the past 12 months and currently trading at $166.52 U.S. per share.
