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 made 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 necessary for this recent purchase primarily come from the sale of the company's Class A common shares (MSTR) and Series A Perpetual Strife preferred shares (STRF).

The issuance of STRF, recently increased from $500 million to $722.5 million, is part of a broader initiative to raise up to $21 billion through its perpetual preferred shares (STRK). As of March 23, approximately $20.99 billion of STRK shares remained available for issuance.

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

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

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