Strategy (NASDAQ:MSTR) has further solidified its position as the largest corporate holder of Bitcoin, announcing the purchase of an additional $285.8 million worth of the cryptocurrency last week.
This latest acquisition, revealed in a filing with the U.S. Securities and Exchange Commission on Monday, comes as the company's stock experienced significant price volatility.
According to the filing, MicroStrategy acquired 3,459 Bitcoin at an average price of approximately $82,618 between April 7 and April 13.
The purchase was financed through the sale of the company's common shares via its at-the-market program.
This strategy allowed MicroStrategy to capitalize on the large price swings in its own stock, which fluctuated from an 11% loss to a 25% gain during the week.
The aggressive Bitcoin accumulation continues a trend for the Tysons Corner, Virginia-based firm, which has been steadily increasing its holdings since late October.
With this latest purchase, MicroStrategy now holds approximately $45 billion worth of Bitcoin, representing around 2.5% of the total 21 million tokens slated for issuance.