A recent purchase of 6.9K Bitcoin for $584 million has boosted the strategy’s total stack to 506K BTC.

The company leveraged proceeds from a common stock sale to fund its latest Bitcoin acquisition.

Michael Saylor-led Strategy (MSTR) has increased its Bitcoin holdings beyond 500,000 BTC following a recent purchase.

As per a Monday filing, the company acquired 6,911 Bitcoin for $584.1 million, with an average cost of $84,529 per BTC.

With this purchase, Strategy’s total Bitcoin holdings have reached 506,137 BTC, accumulated at a total cost of $33.7 billion, averaging $66,608 per Bitcoin.

The latest acquisition was financed through the sale of 1.975 million shares of common stock, raising $592.6 million in capital.

In addition, Strategy’s recent preferred stock offering, valued at $711 million in STRF, was priced late last week. To date, the company has sold 13,100 shares, generating $1.1 million, as per the filing.

MSTR shares saw a 4.8% premarket increase, aligning with Bitcoin’s surge above $87,000 over the weekend.