Strategy (MSTR) purchased nearly $1 billion worth of bitcoin, buying 10,645 BTC at an average price of $92,098 per coin. This marks the second consecutive week of aggressive buying, with total holdings now at 671,268 BTC worth $50.33 billion. Funding for the purchase came from $888.2 million in common stock sales and STRD preferred shares.

The recent purchase was financed through stock sales, with Strategy setting aside concerns around shareholder dilution to accumulate bitcoin. The company has taken a more aggressive approach in the past two weeks, significantly increasing its weekly purchases. Strategy shares were flat in premarket trading as bitcoin pulled back to around $89,600.

Strategy confirmed it will remain part of the Nasdaq 100 index and opposed a proposal by MSCI to exclude digital asset-focused companies from certain indices. MSTR closed Monday at $162.08, down 8.14%, and is trading after hours at $162.00, down 0.05% on the NasdaqGS. The company continues to make bold moves in the crypto market.

Read more at Nasdaq: Strategy Makes Second Straight $1 Bln Bitcoin Buy Despite Share Price Pressure