Strategy Adds 334 Bitcoin As Pace Of Buying Slows

Strategy (NASDAQ: $MSTR) slowed its pace of Bitcoin (CRYPTO: $BTC) buying over the last week, adding 334 of the digital tokens to its holdings.

The company led by Michael Saylor spent $28.7 million U.S. on its Bitcoin purchases in the past week, bringing its total holdings to 848,000 BTC with an average price of $75,441 U.S.

The company also raised $15.7 million U.S. via the sale of common stock and repurchased $175 million U.S. of its high-yielding preferred stock (NASDAQ: $STRC).

Strategy's Bitcoin holdings are now worth $72.93 billion U.S. with the price of BTC at $86,000 U.S.

The company reported a $20.91 billion U.S. gain on its bitcoin holdings in this year's third quarter as the price of BTC rallied 42% between the start of July and end of September.

The latest Bitcoin purchases by Strategy were a slowdown from the 1,665 BTC that the company bought between Sept. 21 and Sept. 27, spending $142.7 million U.S. on the purchase.

Strategy ramped up its Bitcoin purchases in September after spending the summer shoring up its preferred stock that pays dividends twice per month that yield 12%.

MSTR stock has declined 55% over the last year to trade at $160.01 U.S. per share.