Strategy boosts its bitcoin position with a $109 million purchase of 1,229 BTC.

Strategy Returns to Bitcoin Accumulation, Holdings Climb to 672,497 BTC

Strategy (MSTR), the largest publicly traded holder of bitcoin, resumed purchases last week after rebuilding its cash position.

The company disclosed in a Monday filing that it bought 1,229 bitcoin for $108.8 million, paying an average price of $88,568 per token. The move came after Strategy raised its U.S. dollar reserves to $2.2 billion in the prior week.

Following the purchase, Strategy’s total bitcoin holdings increased to 672,497 BTC, acquired for a cumulative $50.44 billion. This puts the firm’s average cost basis at $74,997 per bitcoin.

The acquisition was funded through the issuance of $108.8 million in Class A common stock.

Strategy shares edged 1% lower in premarket trading to $157, while bitcoin slipped toward the $87,000 level.