Strategy (MSTR), the world’s largest publicly traded Bitcoin holder, continues to make massive weekly purchases, adding $1.57 billion worth of Bitcoin, according to a filing on Monday.
Led by executive chairman Michael Saylor, the company added 22,337 Bitcoins at an average price of $70,194 per Bitcoin, bringing its holdings to 761,068 Bitcoins, for a purchase price of $657.61 billion, or an average price per Bitcoin of $75,696.
In terms of Bitcoin purchased, this is the company’s fifth-largest weekly Bitcoin purchase ever.
Bitcoin was trading at $73,600 on Monday morning, up 2.6% in the past 24 hours.
The company’s latest addition to its Bitcoin reserves was largely raised by $1.1 billion from the sale of the company’s STRC series of preferred shares. The company also sold $396 million worth of common stock.
Shares of MSTR rose 4% in pre-market trading as Bitcoin gained over the weekend and are currently trading at $73,600, up 2.6% in the past 24 hours.
