With a $555M Bitcoin Purchase, Strategy Expands Its Holdings to 538,200 BTC.

Strategy Purchases Additional $555.8 Million in Bitcoin, Bringing Total Holdings to 538,200 BTC

Strategy (MSTR) has expanded its bitcoin holdings by 6,556 BTC, spending $555.8 million on the acquisition, as reported in a regulatory filing released on Monday. The purchase was financed through proceeds from the company’s two at-the-market (ATM) stock offering programs.

As the largest corporate holder of bitcoin, Strategy sold 1.76 million shares of its Class A common stock and more than 91,000 shares of a preferred stock series (STRK) between April 14 and April 20. The sale of the common stock raised $547.7 million, while the preferred shares generated $7.8 million.

This latest acquisition increases Strategy’s total bitcoin stash to 538,200 BTC, with the coins purchased at an average price of $67,766 each. To date, the Michael Saylor-led company has spent a total of $36.47 billion on bitcoin. MSTR shares rose 2.77% in pre-market trading as bitcoin surged to $87,300.