Saylor’s Strategy buys 705 Bitcoin in the last week of May.

Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, has announced its latest BTC purchases after the price briefly dropped to $103,000 last week.

Strategy acquired 705 Bitcoin for $75.1 million between May 26 and 30, the company announced on June 2.

The latest purchases were made at an average price of $106,495 per coin, with Bitcoin dropping from $110,000 last Monday to an intraweek low of $103,400 by the weekend.

The purchase marked the last Strategy’s Bitcoin buy in May, bringing Strategy’s total BTC holdings to 580,955 BTC, acquired for approximately $40.68 billion at an average price of $70,023 per coin.

Strategy director sells MSTR shares

Strategy’s new Bitcoin acquisition followed another series of Class A sales by Strategy director Jarrod Patten.

According to a Strategy report of the proposed sale of securities filed on May 30, Patten sold 3,750 shares in the period between May 22 and 29, worth nearly $1.4 million.

Strategy’s stock, trading under the ticker MSTR, saw downward pressure following the sales, briefly falling below $360 on both May 28 and May 30.

According to TradingView, the Strategy stock recovered to close last week at $369, but was trading at 1.6% down in pre-market.

Despite recent drops, Strategy stock is still up roughly 23% year-to-date, with annual gains of 123%.

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