Crypto treasury firm Strategy has bought a total of 855 BTC, as per an announcement on Monday, a slowdown from last week’s purchase of 2,932 BTC, but still a continuation of its constant buying pattern over the past five years and more.
Strategy bought 855 BTC for a total of $75.3 million, an average purchase price of $87,974 per Bitcoin, bringing total holdings to 713,502 BTC.
At the time of writing, Strategy shares were trading at $146.31, down by 2.27%.
The update comes after a mass liquidation wave over the weekend, in which the cryptocurrency market experienced a major sell-off alongside safe-haven assets such as gold and silver.
The latest purchase suggests that the strategy remains committed to Bitcoin and bullish on its prospects, but judging from current market conditions, it has chosen to remain cautious in its purchasing.
As reported earlier by Coinheadlines, Saylor has indicated that he doesn’t plan to sell the massive stash of Bitcoin owned by Strategy, which now runs well over 700,000 BTC.
Strategy’s board of directors declared a dividend on the same day to be paid on the last day of February, a total of $0.9375 per share for its preferred stock of STRC.