Strategy, formerly MicroStrategy, disclosed its ninth consecutive weekly bitcoin purchase, marking the company’s 100th buy since adopting BTC as its primary reserve asset in 2020.
The purchase came as bitcoin fell below $67,000 and briefly traded near $65,000.
Purchase details
An SEC filing shows Strategy bought 592 BTC between Feb. 16 and Feb. 22 for $39.8 million.
The company paid an average of $67,286 per bitcoin.
Strategy now holds 717,722 BTC acquired for $54.56 billion at an average price of $76,020 per coin, according to the filing.
Funding and Saylor’s post
The filing said Strategy funded the buy by selling 297,940 MSTR shares for net proceeds of $39.7 million.
Michael Saylor hinted at the purchase in a Sunday post on X.
He wrote:
“The Orange Century.”
Market reaction
The disclosure landed as bitcoin’s price action remained weak after sliding from around $68,000 over the weekend.
MSTR also traded lower alongside BTC.
TradingView data cited in the report showed MSTR near $128, down over 2% from last week’s close of $131.
