Michael Saylor’s Approach Boosts Total Bitcoin Holdings to 538,200 BTC

Strategy (MSTR) has added 6,556 bitcoin (BTC) to its balance sheet, spending $555.8 million in the process, according to a regulatory filing published on Monday. The acquisition was funded using proceeds from the company’s two at-the-market (ATM) stock offering programs, as noted in the filings. The firm, recognized as the largest corporate holder of bitcoin, sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series — STRK – between April 14 and April 20. The common stock sale generated $547.7 million, while the preferred shares contributed an additional $7.8 million. This latest acquisition increases Strategy’s total holdings to 538,200 BTC, which were purchased at an average price of $67,766 per coin. The company, led by Michael Saylor, has invested a total of $36.47 billion in bitcoin to date. Shares of MSTR are currently experiencing a 2.77% rise in pre-market trading as BTC climbed to $87,300.