Strategy (MSTR), the largest listed holder of Bitcoin BTC$89,558.82resumed purchases after increasing its US dollar reserves to $2.2 billion last week.
The company acquired 1,229 bitcoins last week for $108.8 million, for an average price of $88,568 per coin, according to a filing released Monday morning.
Total holdings increased to 672,497 BTC, acquired for $50.44 billion. This equates to an average purchase price of $74,997 per Bitcoin.
The acquisition was funded by the sale of $108.8 million in Class A common stock.
MSTR stock fell 1% in pre-market trading to $157 per share, while Bitcoin fell to about $87,000.
