Strategy, formerly MicroStrategy, buys 1,666 BTC, about 75% more than last week's purchase

Strategy, formerly MicroStrategy, bought 1,666 BTC in its latest weekly purchase, about 75% more than the previous week's 950 BTC purchase. The purchase lifted Strategy's holdings to 847,666 BTC. Strategy holds more Bitcoin than any other public company. Last Monday, Strategy disclosed that it had bought 950 BTC for about $76 million. That purchase took its holdings to 846,000 BTC. Before that purchase, Strategy ended a 10-week pause on August 31 with a buy of 4,603 BTC. Strategy made no purchases in the week between those buys. Strategy's buying has been uneven this year. Strategy's ledger lists four sales between June 30 and August 10. Those sales totaled 6,916 BTC. Last week, Strategy spent $174 million buying back its own preferred shares. That amount was more than twice its Bitcoin spending. Executive Chairman Michael Saylor hinted at the latest purchase on Sunday. Saylor posted a chart of Strategy's purchases. Each orange dot on the chart marked a purchase. The post's caption read, “Even more orange.” The week before, Saylor posted, “A little more orange,” one day before Strategy bought 950 BTC. Bitcoin traded near $83,251, according to BeInCrypto data. Bitcoin was down 2.3% over 24 hours, according to BeInCrypto data. At that price, the 1,666 BTC purchase was worth roughly $138.7 million. As of last week, Strategy's average cost was roughly $75,400 per coin. Today's price was about 10% above that level. Next Monday's filing will show whether the larger purchase marks a steadier pace or another one-off.