Strategy (MSTR) continued its weekly bitcoin purchases, though last week’s acquisition was relatively small.
Led by executive chairman Michael Saylor, the company purchased 855 bitcoin for $75.3 million, or an average price of $87,974 each. The purchases were funded via the sale of common stock, according to a Monday morning filing.
The buys were relatively small for the company, which has routinely (but not always) acquired hundreds of millions, or even billions, of bitcoin each week over the past several months.
Strategy’s total holdings now stand at 713,502 bitcoin, acquired for approximately $54.26 billion, or an average price of $76,052 each.
Following the tumble in price late last week that spilled over into the weekend, bitcoin is trading just above $77,000, putting the company just above breakeven after about 5.5 years of buying BTC.
MSTR shares are lower by 7.3% in premarket trading, to a new multi-year low of $138.80.
Read more: Michael Saylor’s bitcoin stack is officially underwater, but here’s why he likely won't reach for the panic button



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more