Fresh off the heels of last week’s Strategy Conference, Strategy (MSTR) has resumed its bitcoin (BTC) accumulation, purchasing an additional 13,390 BTC. The company spent approximately $1.34 billion at an average price of $99,856 per bitcoin, according to a filing published on Monday.
This latest acquisition brings Strategy’s total bitcoin holdings to 568,840 BTC, now worth over $59 billion based on the current bitcoin price of around $104,000. The average purchase price across the company’s entire stack has now adjusted to $69,287.
The purchase was funded through two capital-raising mechanisms: an at-the-market (ATM) offering of its Class A common stock, and the issuance of shares from its Series STRK preferred stock. Between May 5 and May 11, the company raised $1.31 billion through the sale of common stock and issued 273,987 shares of the preferred stock series.
Shares of MSTR are trading 2% higher in pre-market hours.