Strategy, formerly known as MicroStrategy, has announced the purchase of an additional 6,911 BTC, bringing its total holdings to 506,137 BTC.

The latest acquisition, valued at approximately $584.1 million, was executed at an average price of $84,529 per Bitcoin between March 17 and March 23, according to an 8-K filing with the Securities and Exchange Commission (SEC). The funds for the recent purchase were primarily sourced from the sale of the company’s Class A common stock (MSTR) and its Series A Perpetual Strife Preferred Stock (STRF).

The STRF offering, which was recently upsized from $500 million to $722.5 million, is part of a broader initiative to raise up to $21 billion through its perpetual strike preferred stock (STRK). As of March 23, approximately $20.99 billion in STRK shares remain available for issuance.

Strategy's total Bitcoin holdings are now worth over $44 billion, reflecting a significant investment strategy in crypto.

The company's average purchase price for its total Bitcoin holdings is $66,608 per Bitcoin, amounting to a total expenditure of around $33.7 billion, including fees and expenses.

This latest purchase follows a previous acquisition of 130 BTC for about $10.7 million, completed between March 10 and March 16, which had brought its holdings to 499,226 BTC. The firm’s market capitalization stands at $79.2 billion, though it trades at a notable premium to its net asset value.