Last week, Strategy acquired $264 million in bitcoin, a deceleration from its recent buying trend.

MicroStrategy Slows Bitcoin Purchases, Adds $264 Million Last Week

MicroStrategy (MSTR) continued buying bitcoin last week, though at a slower pace compared with the $1 billion-plus acquisitions of the previous two weeks. Led by Executive Chairman Michael Saylor, the company purchased 2,932 BTC for $264.1 million, at an average price of $90,061 per coin.

The company now holds 712,647 BTC, acquired for a total of $54.19 billion, representing an average cost of $76,037 per bitcoin. With bitcoin trading near $87,500 on Monday following a weekend decline, MicroStrategy’s holdings are valued at just over $62 billion.

According to a Monday filing, most of last week’s purchases were funded through common stock sales, with an additional $7 million raised via the STRC preferred stock series.

MSTR shares were down about 2% in pre-market trading on Monday.