The Strategy (MSTR) added 6,556 Bitcoin (BTC) to its balance sheet, spending $555.8 million in the process, according to a regulatory filing published Monday.
The purchase was funded using proceeds from the company’s two market (ATM) equity offering program.
Bitcoin’s largest corporate holder, the company sold 1.76 million shares of Class A common stock and more than 91,000 shares of its Preferred Stock Series (STRK) between April 14th and April 20th.
Common stock sales resulted in $547.7 million, while preferred stock added an additional $7.8 million. The latest acquisition has increased the strategy’s total holdings to 538,200 BTC, and purchased at an average price of $67,766 per coin.
The Michael Saylor-led company has so far spent $36.47 billion on Bitcoin. MSTR stocks are up 2.77% in pre-market trading as BTC rose to $87,300.
