Strategy, formerly MicroStrategy, has added another Bitcoin lump to its massive reserve of the foremost cryptocurrency.

According to a Securities and Exchange Commission filing, Strategy said on Monday that it had purchased $75 million worth of Bitcoin in cash between May 26 and June 1 at an average price of $106,495 per Bitcoin.

Strategy now holds a total of 580,955 BTC — worth over $60 billion — bought at an average price of $70,023 per Bitcoin for a total cost of around $40.7 billion, including fees and expenses, according to the company’s co-founder and executive chairman, Michael Saylor. For context, that’s roughly 2.9% of Bitcoin’s total 21 million supply — fortifying its standing as the world’s biggest corporate holder of Bitcoin.

Strategy’s most recent Bitcoin buy represents its smallest acquisition since mid-March, when the company purchased $10.7 million worth of Bitcoin. To fund the latest purchase, the Tysons, Virginia-based software company sold $74 million worth of preferred stock through at-the-market (ATM) equity offerings, drawing from the perpetual preferred share classes STRK and STRF.

The company was recently hit with a class action lawsuit alleging its executives made false and misleading statements about the profitability of its BTC-buying gambit. Strategy, however, seems unfazed as it continues expanding its Bitcoin stash.

Bitcoin is down 5.2% over the last week, according to CoinGecko data. The apex crypto recently set a historic high of $111,814 before giving up those gains following bearish macro factors, including stalled trade talks between the US and China. With Bitcoin now trading just above $104,000, Strategy’s unrealized gains have climbed past $20 billion.

Notably, other companies are now following Strategy’s lead by scooping up Bitcoin as a way to get shareholders better value for money. Nasdaq-listed healthcare technology firm Semler Scientific has a 4,264 BTC hoard, worth roughly $445 million based on current prices. 

Strategy, formerly MicroStrategy, has added another Bitcoin lump to its massive reserve of the foremost cryptocurrency.

According to a Securities and Exchange Commission filing, Strategy said on Monday that it had purchased $75 million worth of Bitcoin in cash between May 26 and June 1 at an average price of $106,495 per Bitcoin.

Strategy now holds a total of 580,955 BTC — worth over $60 billion — bought at an average price of $70,023 per Bitcoin for a total cost of around $40.7 billion, including fees and expenses, according to the company’s co-founder and executive chairman, Michael Saylor. For context, that’s roughly 2.9% of Bitcoin’s total 21 million supply — fortifying its standing as the world’s biggest corporate holder of Bitcoin.

Strategy’s most recent Bitcoin buy represents its smallest acquisition since mid-March, when the company purchased $10.7 million worth of Bitcoin. To fund the latest purchase, the Tysons, Virginia-based software company sold $74 million worth of preferred stock through at-the-market (ATM) equity offerings, drawing from the perpetual preferred share classes STRK and STRF.

The company was recently hit with a class action lawsuit alleging its executives made false and misleading statements about the profitability of its BTC-buying gambit. Strategy, however, seems unfazed as it continues expanding its Bitcoin stash.

Bitcoin is down 5.2% over the last week, according to CoinGecko data. The apex crypto recently set a historic high of $111,814 before giving up those gains following bearish macro factors, including stalled trade talks between the US and China. With Bitcoin now trading just above $104,000, Strategy’s unrealized gains have climbed past $20 billion.

Notably, other companies are now following Strategy’s lead by scooping up Bitcoin as a way to get shareholders better value for money. Nasdaq-listed healthcare technology firm Semler Scientific has a 4,264 BTC hoard, worth roughly $445 million based on current prices.