Strategy, the bitcoin treasury company led by executive chairman Michael Saylor, purchased another 17,994 bitcoin for about $1.28 billion last week, continuing one of the largest corporate accumulation strategies in the digital asset market.

The company disclosed in a filing with the U.S. Securities and Exchange Commission that the purchases took place between March 2 and March 8 at an average price of $70,946 per coin. The acquisition brings the firm’s total holdings to 738,731 bitcoin.

Strategy has now spent roughly $56.04 billion to build its bitcoin position, with an average purchase price of $75,862 per coin. At the current price near $68,000, the company’s holdings carry a…

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