MicroStrategy's BTC buying pace slows 91% week-on-week

The pace of recent Bitcoin purchases by MicroStrategy (MSTR), the largest corporate holder of the asset, has slowed by 91% compared to the previous week, Decrypt reported. According to the data, MicroStrategy purchased 34,164 BTC ($2.54 billion) last week, followed by an additional purchase of 3,273 BTC ($255 million) about a week later. Decrypt explained that the slowdown is due to the latest acquisition being funded through the sale of common stock rather than preferred stock. This suggests that the company's preferred stock, STRC, has become the primary funding source for its larger Bitcoin buys.