Strategy (NASDAQ:MSTR) purchased 1,031 Bitcoin (CRYPTO: BTC) for $76.6 million last week, a dramatic slowdown from over $1 billion in purchases during each of the previous two weeks when the company issued STRC preferred shares.
The Slowdown Explained
Strategy funded last week’s purchase entirely through common stock sales rather than STRC preferred shares, marking a return to smaller acquisition sizes typical of periods when the company relies solely on equity offerings.
Total holdings now stand at 762,099 Bitcoin acquired for approximately $57.69 billion, or an average price of $75,694 per coin.
With Bitcoin trading just under $70,000, Strategy’s holdings sit below cost basis.
The previous two weeks saw purchases exceeding $1 billion each as Strategy took advantage of STRC preferred share issuance.
The company acquired 22,337 Bitcoin for $1.57 billion …