#StrategyBTCPurchase Michael Saylor's Strategy has purchased another 2,486 BTC for approximately $168.4 million at an average price of $67,710 per bitcoin — taking its total holdings to 717,131 BTC.

The latest acquisitions were funded by proceeds from the issuance and sale of the company’s Class A common stock, MSTR, and perpetual preferred stock, STRC.Bitcoin treasury company Strategy acquired an additional 2,486 BTC for approximately $168.4 million at an average price of $67,710 per bitcoin between Feb. 9 and Feb. 16, according to an 8-K filing with the Securities and Exchange Commission on Tuesday.

Strategy now holds a total of 717,131 BTC — worth around $48.8 billion — bought at an average price of $76,027 per bitcoin for a total cost of around $54.5 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor.

In supply terms, that’s over 3.4% of Bitcoin’s hard cap of 21 million coins and a position that now carries approximately $5.7 billion in mark-to-market losses.

The latest acquisitions were made using proceeds from at-the-market sales of its Class A common stock, MSTR, and perpetual Stretch preferred stock, STRC. During the period, Strategy sold 660,000 MSTR shares for approximately $90.5 million. As of Feb. 16, $7.88 billion worth of MSTR shares remain available for issuance and sale under that program, the firm said. Strategy also sold 785,354 STRC shares for approximately $78.4 million, with $3.54 billion under that ATM program remaining.