Strategy Purchased $200 Million Of Bitcoin Last Week

(MENAFN- Yolo Wire) Cryptoprowl / Michael Saylor's Strategy (NASDAQ: $MSTR) continues to buy Bitcoin (CRYPTO: $BTC) as the price declines.

Strategy, a software company turned serial crypto acquirer, bought 3,015 Bitcoin at a cost of $204.1 million U.S. over the past week.

Led by Executive Chairman Michael Saylor, Strategy paid an average price of $67,700 U.S. for each BTC it purchased in the last seven days.

Strategy is the world's largest corporate holder of Bitcoin. It now owns 720,737 Bitcoin worth $47.14 billion U.S. The company controls 3.2% of all Bitcoin in circulation.

To fund its latest Bitcoin purchases, Strategy raised $229.9 million U.S. through common stock sales, according to a regulatory filing.

Bitcoin is currently trading at $65,400 U.S., having fallen more than 2% in the past 24 hours and nearly 50% since last October.

MSTR stock has declined 48% over the last 12 months to trade at $129.50 U.S. a share.

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