Note: The author of this article holds shares in the company discuss here.
The company recently expanded its bitcoin portfolio by acquiring an additional 3,459 BTC last week, increasing its total holdings to 531,644 BTC.
As stated in a regulatory document released on Monday, the company made this purchase at a cost of $285.8 million, averaging $82,618 per BTC.
In total, the firm now owns 531,644 BTC, which were acquired for an estimated total of $35.92 billion, resulting in an average expense of $67,556 per bitcoin.
The latest acquisition was financed by the sale of TKTK shares of common stock.
The stock price has seen a 1% increase in premarket trading, in line with bitcoin’s consistent valuation above $84,000.