MSTR reloads on BTC, acquires a further 1,229 BTC for $109 million

Strategy (MSTR), the largest publicly traded holder of bitcoin, resumed bitcoin purchases after boosting its US dollar reserves to $2.2 billion the prior week.

The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin. Total holdings increased to 672,497 BTC, acquired for $50.44 billion, representing an average purchase price of $74,997 per bitcoin.

The acquisition was funded through the sale of $108.8 million in class A common stock, according to a filing released Monday morning.

MSTR shares were down 1% in premarket trading to $157 per share, while bitcoin slipped to around $87,000.