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Strategy (NASDAQ: $MSTR) dramatically increased its purchases of Bitcoin (CRYPTO: $BTC) over the past week, acquiring $2.01 billion U.S. worth of the largest cryptocurrency.   The company, led by Executive Chairman Micharl Saylor, bought 24,869 Bitcoins at an average price of $80,985 U.S. each.

The purchases over the past week were made with BTC trading at a multi-month high. In recent days, Bitcoin’s price has slumped to $77,000 U.S. amid a selloff in risk assets such as crypto. 

Still, the latest acquisition brings Strategy’s total holdings of Bitcoin to 843,738 tokens, purchased for a total of $64 billion U.S. 

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The company’s average cost basis now stands at $75,700 U.S. per Bitcoin, according to its latest regulatory filing.

Strategy’s purchases over the past week were funded almost entirely by sales of the company's high-yielding preferred stock (NASDAQ: $STRC). 

Saylor has said in recent interviews that he feels the cryptocurrency winter that began last October is now over and the worst is behind Bitcoin. 

MSTR stock has declined 57% over the last 12 months to trade at $17.42 U.S. per share.