Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, has strengthened its Bitcoin (COIN:BTCUSD) treasury by acquiring an additional 525 BTC in a transaction valued at approximately $60.2 million, according to a filing with the SEC. The average price paid per coin was around $114,562.

This acquisition marks the company’s seventh consecutive week of Bitcoin purchases. Under Michael Saylor’s leadership, Strategy has emerged as one of the most aggressive companies in adopting the cryptocurrency as a store of value.

With this latest purchase, Strategy’s total Bitcoin holdings have reached 638,985 BTC, valued at roughly $73.4 billion. The historical average cost of acquisitions is $73,913 per coin, reflecting significant appreciation since the company began buying Bitcoin in 2020.

The purchases were financed through the issuance of perpetual preferred shares, including STRF, STRK, and STRD. These offerings raised approximately $68.4 million, enabling the company to expand its Bitcoin position without diluting common stock or selling MSTR shares.

Even after its removal from the S&P 500 index, Strategy remains committed to growing its Bitcoin portfolio. Saylor once again publicly emphasized that “Bitcoin deserves credit,” advocating for the asset as a cornerstone of the company’s growth strategy.

Strategy stock price

Bitcoin price

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