Strategy, formerly known as MicroStrategy, added roughly half a billion in Bitcoin last week to continue its BTC accumulation.
The company purchased 4,980 Bitcoin for $531.9 million at an average price of $106,801 per token between June 23 and 29.
Strategy's total Bitcoin holdings now amount to 597,325 BTC valued at around $64 billion with an average purchase price of $70,982 per Bitcoin.
The acquisition was funded through the proceeds from STRD issuance and an at-the-market share sale program. Strategy's success has influenced other companies to adopt a similar Bitcoin accumulation strategy.