Strategy snapped up $2 billion worth of bitcoin in a major buy last week

Michael Saylor’s Strategy ramped up its bitcoin buying spree last week, adding 24,869 BTC in a purchase worth roughly $2.01 billion.

The company acquired the coins at an average price of $80,985 each, pushing its total bitcoin holdings to 843,738 BTC. According to a recent SEC Form 8-K filing, Strategy has now spent about $64 billion accumulating bitcoin, with an average cost basis of $75,700 per coin.

The bulk of the latest purchase was financed through sales of the firm’s high-yield STRC preferred stock, alongside a smaller $83.7 million raised via common stock issuance.

Despite the aggressive accumulation, Strategy’s shares (MSTR) fell about 2.5% in premarket trading, mirroring a slight pullback in bitcoin prices, which were trading near $77,700, modestly lower than Friday’s levels.