Strategy (MSTR) continues to buy Bitcoin on a weekly basis, although last week’s purchases were relatively small.
Led by executive chairman Michael Saylor, the company purchased 855 Bitcoins for $75.3 million, with an average price per coin of $87,974. The purchases were funded through the sale of common stock, according to documents filed Monday morning.
The Bitcoin purchases are relatively small for the company, which has typically, but not always, purchased hundreds of millions or even billions of Bitcoin per week over the past few months.
Strategy currently holds a total of 713,502 Bitcoins, with an acquisition price of approximately US$54.26 billion, and an average price per coin of US$76,052.
Following a price crash late last week that spread into the weekend, Bitcoin is trading just above $77,000, putting the company just above break-even point after buying BTC for about 5.5 years.
MSTR shares fell 7.3% in premarket trading to a multi-year low of $138.80.
Read more: Michael Saylor’s Bitcoin stack is officially under water, but here’s why he probably won’t hit the panic button