Strategy buys 34,164 bitcoin for $2.54 billion, third-largest purchase on record

Last week's purchases were funded by sales of the companies perpetual preferred stock, STRC and common stock.

What to know:

• Strategy purchased 34,164 bitcoin for about $2.54 billion last week at an average price of $74,395 per coin.
• The company has spent roughly $61.56 billion on its bitcoin at an average cost of $75,527 per coin.
• MSTR shares are down 2.5% pre-market.

Michael Saylor’s Strategy (MSTR) added 34,164 bitcoin to its treasury over the past week at an average price of about $74,395 per coin, for a total cost of roughly $2.54 billion, according to a Monday filing.

The purchase brings the company’s total holdings to 815,061 BTC, acquired for approximately $61.56 billion at an average cost basis of $75,527. With BTC currently trading at around $75,000, Strategy's stash is currently break even. Strategy is the world's largest publicly-listed bitcoin holder. It began acquiring BTC as a balance sheet asset in 2020.

Last week’s acquisitions were funded by $2.2 million raised through sales of the company’s preferred stock, Stretch (STRC), and $366 million from common stock offerings.

MSTR shares are down more than 2.5% in pre-market trading.

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