Corporate treasury firm Strategy Inc (NASDAQ: MSTR) announced that it bought an additional 8,178 bitcoin last week, spending roughly $835.6 million, according to a recent regulatory filing.
This latest purchase brings the company’s total bitcoin holdings to 649,870 BTC, valued at approximately US$48.4 billion based on current market prices.
Strategy noted that most of the funding for this acquisition came from its recent preferred-stock offerings. The company said the move aligns with its long-term commitment to a “buy and hold” approach toward bitcoin.
The purchase took place during a period of increased cryptocurrency volatility, with bitcoin trading near US$90,000. Despite recent pressure on its share price, Strategy continues to pursue an aggressive accumulation strategy.
