$BTC Estrategy boosts Bitcoin holdings above 47 billion dollars with the latest purchase

Strategy previously bought 6,500 Bitcoin last week, increasing its corporate treasury by 556 million dollars, according to a filing with the Securities and Exchange Commission.

The Virginia-based company now holds 538,000 bitcoins, worth 47.2 billion dollars, after surpassing 88,000 dollars on Sunday, according to cryptocurrency data provider CoinGecko. The software company claimed to have acquired the asset at an average price of 84,800 dollars last week.

Strategy stated that the acquisition was made using the proceeds from two recent stock offerings: the firm received $548 million in revenue through the issuance of Class A common stock, while Strategy also earned $8 million from the sale of its so-called perpetual preferred shares "STRK".

On Sunday, Strategy's co-founder and CEO, Michael Saylor, pointed out on X, formerly Twitter, that the company is no longer a niche option for gaining exposure to the price of Bitcoin. According to public data, 13,000 institutions own shares of Strategy directly, along with 814,000 accounts linked to retail investors, he claimed. Furthermore, Saylor indicated that 55 million investors have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.