Michael Saylor's Strategy made modest bitcoin purchase at start of last week's crypto crash
The company added 1,142 bitcoin purchased for about $90 million, or an average price of $78,815 per coin.

What to know:
- Bitcoin treasury company Strategy purchased 1,142 bitcoin for $90 million last week.
- The company now holds 714,644 bitcoin purchased for $54.35 billion, or an average price of $76,056 each.
- Shares are lower by nearly 4% premarket as bitcoin retreats a bit from its Friday close near $70,000.
Strategy (MSTR) added to its bitcoin
Led by Executive Chairman Michael Saylor, the company added 1,142 bitcoin for $90 million, or an average price of $78,815 each. Strategy's stack now stands at 714,644 bitcoin purchased for $54.35 billion, or an average price of $76,056 each.
Bitcoin Monday morning is trading at just under $69,000, down 2.6% over the past 24 hours. MSTR shares are lower by 3.9%.
Last week's acquisitions were funded by the sale of common stock.
Given the average purchase price of $78,815, it appears Strategy made its buys on Monday or Tuesday last week, ahead of the rapid decline in bitcoin's price, which took the crypto to as low as $60,000 at one point on Thursday.