Corporate treasury firm Strategy Inc. (NASDAQ:MSTR) disclosed in a regulatory filing that it acquired an additional 8,178 bitcoin last week, spending roughly $835.6 million to expand its already massive holdings.
The latest purchase brings the company’s total stash to 649,870 BTC, valued at approximately US$48.4 billion based on current market prices.
Strategy noted that most of the capital for the acquisition came from its recent preferred-stock offerings, reinforcing the company’s long-standing commitment to a “buy and hold” approach toward bitcoin accumulation.
The move comes during a period of heightened turbulence in the crypto market, with bitcoin trading near US$90,000, and highlights the company’s continued aggressive buying strategy even as its own shares face selling pressure.