MicroStrategy (MSTR) sold 1.98 million class A shares from March 17 to March 23 for about $592.6 million.
In the same period, the company purchased 6,911 bitcoins for $584.1 million in cash at an average price of $84,529 apiece. The bitcoin purchase was funded by proceeds from share sales, MicroStrategy said Monday in a regulatory filing.
As of Sunday, MicroStrategy and its subsidiaries held 506,137 bitcoins, acquired at a total cost of $33.7 billion, averaging $66,608 per bitcoin, according to the filing.
Shares of MicroStrategy rose 10% on Monday.