Michael Saylor's Strategy purchases another $2.13 billion in bitcoin

Strategy (MSTR), the world’s largest publicly traded holder of bitcoin, continued with its string of large weekly purchases, adding $2.13 billion worth of BTC.

Led by executive chairman Michael Saylor, the company added 22,305 bitcoin at an average price of $95,284 per coin, bringing holdings to 709,715 coins acquired for $53.92 billion, or an average of $75,979 per coin.

The latest addition to the company’s bitcoin stash was funded through the sale of $1.8 billion in common stock and $294.3 million of its perpetual preferred equity Stretch (STRC).

MSTR shares are down 5% in pre-market trading as bitcoin has tumbled back below $91,000, versus prices above $94,000 late last week.