#saylorBTCpurchase
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Strategy buys 555 million dollars worth of Bitcoin and increases its total holdings to 538,200 BTC.
The company has spent 36.47 billion dollars on Bitcoin to date and remains the largest corporate holder of BTC.
Strategy (MSTR) added 6,556 Bitcoin (BTC) to its balance sheet, spending 555.8 million dollars in the process, according to a regulatory filing published on Monday.
The purchase was funded through the proceeds from the company's two at-the-market stock offering (ATM) programs, the filed documents indicate.
The company, the largest holder of Bitcoin shares, sold 1.76 million Class A common shares and more than 91,000 shares of a preferred stock series - STRK - between April 14 and April 20.
The sale of common shares raised 547.7 million dollars, while the preferred shares added 7.8 million dollars. This latest acquisition brings Strategy's total holdings to 538,200 BTC, purchased at an average price of 67,766 dollars per cryptocurrency.
The company led by Michael Saylor has invested 36.47 billion dollars in Bitcoin to date. MSTR stock is up 2.77% in pre-market trading, while BTC has reached 87,300 dollars.