Michael Saylor’s Strategy Increases Total Bitcoin Holdings to 538,200 BTC

Strategy (MSTR) has added 6,556 bitcoin (BTC) to its stability sheet, spending $555.8 million within the course of, in accordance to a regulatory submitting printed on Monday.

The buy was funded utilizing proceeds from the corporate’s two at-the-market (ATM) inventory providing applications, the filings notes.

The agency, the most important company holder of bitcoin, offered 1.76 million shares of its Class A typical inventory and over 91,000 shares of a most popular inventory sequence — STRK – between April 14 and April 20.

The widespread inventory sale introduced in $547.7 million, whereas the popular shares added one other $7.8 million. The newest acquisition boosts Strategy’s whole holdings to 538,200 BTC, bought at a mean worth of $67,766 per coin.

The Michael Saylor-led firm has spent $36.47 billion on bitcoin to date. Shares of MSTR are up 2.77% in pre-market buying and selling as BTC rose to $87,300.