Key Highlights:

• Strategy acquired an additional 7,633 BTC.
• The company has now amassed a total of 478,740 BTC.

Recent Developments:

The Virginia-based company, previously known as MicroStrategy, has ramped up its Bitcoin purchases, completing the latest acquisition with $742.4 million invested. Over the past week, the average purchase price came to $97,255 per BTC, raising the overall average purchase cost to $65,033.

The firm refrained from making any purchases during the week ending Feb. 2, likely due to a blackout period aligned with earnings reporting. On Feb. 6, a Q4 loss of $3.03 per share was reported, a fall from an income of $0.50 per share in the previous year.

According to a recent 8-K filing, the funds for recent Bitcoin acquisitions were sourced from a share sale agreement and proceeds from a perpetual preferred equity offering from Strike (STRK).

Saylor hinted at the purchase on social media, declaring, “Death to the blue lines. Long live the green dots.”