Strategy (MSTR), the largest publicly traded bitcoin holder, has aggressively bought the dip for the second consecutive week. Bitcoin is currently priced at .
The company acquired 10,645 bitcoin last week for $980.3 million, averaging $92,098 each, bringing total holdings to 671,268 BTC, at an average cost of $74,972 per BTC amounting to $50.33 billion.
This acquisition was primarily funded through the sale of $888.2 million in common stock, as per a Monday morning filing, with additional funds sourced from the company’s STRD preferred stock sales.
This latest purchase is significant as it marks the second consecutive week of bitcoin acquisitions worth around $1 billion. Although Strategy has consistently bought BTC in recent months, many of their weekly purchases have been smaller due to funding limitations.
For the last two weeks, Saylor and his team have been willing to overlook shareholder dilution, opting for aggressive stock sales to finance their purchases.
MSTR shares are steady in premarket trading, while bitcoin has retreated over the weekend to its current price of $89,600.
In a separate announcement, it was confirmed that Strategy will continue to be part of the Nasdaq 100. The company also sent a letter to MSCI last week opposing MSCI’s proposal to exclude digital assets.
