The self-identified Bitcoin Development Company MicroStrategy (MSTR) recently expanded its Bitcoin holdings by purchasing 51,780 BTC for $4.6 billion over six days, concluding on Sunday.

With this acquisition, MicroStrategy now has 331,200 BTC, amounting to approximately $16.5 billion spent. Based on current estimates, these holdings are valued at just below $30 billion.

To finance this recent transaction, MicroStrategy utilized its share issuance program, raising about $4.6 billion from selling roughly 13.6 million shares. There are plans to sell an additional $15.3 billion of stock according to a regulatory statement released this Monday.

Context of Recent Transactions

Over the past week, Executive Chairman Michael Saylor hinted at this purchase via social media. This transaction follows a previous purchase just last week, where the firm acquired 27,200 BTC for $2 billion, accumulating approximately 72,000 BTC for a total of $6.6 billion.

Currently, MicroStrategy’s shares are down by 1% in premarket trading but remain nearly 400% higher year-to-date.