Bitcoin Holdings Surge as Michael Saylor's Company Makes Major Purchase

The world's largest publicly traded holder of bitcoin has made another significant addition to its holdings.

According to a recent filing, the company added 22,337 bitcoins at an average price of $70,194 per coin, bringing its total holdings to 761,068 coins. This represents a significant increase in the company's stack and is one of the largest weekly purchases made by the firm.

The acquisition was funded through sales of perpetual preferred equity Stretch (STRC) and also through common stock sales.