Strategy added another 520 Bitcoin to its corporate treasury between June 15 and June 21, spending approximately $35 million at an average purchase price of around $67,000 per Bitcoin, according to a filing on Monday.
The latest purchase was funded through proceeds from the company’s ongoing at-the-market (ATM) equity offerings. Last week, it sold 2.7 million Class A shares, raising over $335 million in net proceeds, while making no sales of its preferred stock offerings.
Following the move, Strategy holds 847,363 BTC, acquired for $64 billion at an average purchase price of $75,651 per Bitcoin. The stash is valued at nearly $55 billion at current market prices.
The company also reported its US dollar reserve stood at $1.4 billion as of June 21, providing liquidity to support dividend payments on preferred stock and interest on outstanding debt.
Strategy continues to hold its position as the world’s largest corporate owner of Bitcoin, maintaining an accumulation strategy even as the crypto has experienced heightened volatility in recent months.
Bitcoin was trading at $64,659 at press time, showing a slight rebound over the past 24 hours, but still recording a decline of around 13% over the past month, per CoinGecko.
Strategy stock, which often tracks Bitcoin’s movements, rose 3% in premarket trading on Monday.