Strategy (NASDAQ: $MSTR) acquired another 3,273 Bitcoin (CRYPTO: $BTC) over the past week, bringing its total holdings to 818,334 of the digital tokens.
Regulatory filings show that Strategy, a serial crypto acquirer led by Michael Saylor, spent $255 million U.S. on its latest Bitcoin purchase, buying the token at an average price of $77,906 U.S.
Strategy now owns 818,334 BTC worth $63.7 billion U.S., making it the largest corporate owner of the cryptocurrency in the world.
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The company’s average price on its Bitcoin holdings is $75,537 U.S. Strategy now owns 3.9% of Bitcoin's 21 million hard cap supply.
The latest Bitcoin purchases were funded through the sale of Strategy’s Class A common stock. The company sold 1,451,601 MSTR shares for proceeds of $255 million U.S.
A total of $26.47 billion U.S. worth of MSTR stock remains available for issuance and sale under that company’s current program.
On social media, Michael Saylor wrote about Strategy’s latest BTC acquisition, stating “The beat goes on.”
MSTR stock has declined 54% over the past 12 months to trade at $171.02 U.S. per share.