Strategy (NASDAQ: $MSTR) has continued to purchase Bitcoin (CRYPTO: $BTC) despite signalling in recent days that it might sell some of its holdings in the largest cryptocurrency.
Michael Saylor, the executive chairman of Strategy, announced on social media that the company purchased 535 Bitcoin for $43 million U.S. over the past week
The average price of the latest BTC purchases was $80,340 U.S. per crypto. Strategy remains the largest publicly traded corporate holder of Bitcoin in the world. The purchases bring the company’s total holdings of Bitcoin to 818,869, acquired for $61.86 billion U.S.
The average cost basis of the crypto holdings was $75,540 U.S. More From Cryptoprowl: Saylor said that last week’s BTC purchases were funded by $42.9 million U.S. raised through sales of the company’s common stock. The latest purchases come despite Strategy saying in its first-quarter earnings call that it was prepared to sell Bitcoin to repay convertible debt or fund its dividend payments.