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"purchases of" is grammatically correct and commonly used in written English.
It is typically used when referring to items that have been bought or acquired by someone. Example: The company reported a significant increase in purchases of their latest product.
Exact(57)
Increase penalties for straw purchases of guns.
Purchases of American arms would be frozen.
Goldman Sachs predicts initial purchases of $100 billion a month.
Purchases of American foods and beverages increased.
Purchases of autos dropped 0.7percentt.
Purchases of foreign assets might weaken the euro, helping exports.
Then there are Diamond's purchases of its staple goods: walnuts.
Purchases of durable goods like cars led the way.
Which means generous government subsidies for purchases of these vehicles.
Unseasonably warm weather helped purchases of spring merchandise.
The purchases of Zico and Naked were prominent examples.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com