MicroStrategy (MSTR) made a massive addition to its bitcoin (BTCUSD) holdings over the past week. Over the six days ending on Sunday, the technology company acquired 51,780 BTC for approximately $4.6 billion, according to a recent regulatory filing.

This purchase boosts its total bitcoin holdings to 331,200 BTC, which is worth roughly $30 billion at current prices. Notably, this is still far less than the 471,329 bitcoin held by BlackRock's iShares Bitcoin Trust (IBIT), which is the largest bitcoin exchange-traded fund (ETF).

MicroStr🗹ategy shares were up 9.7% to $373.96 in recent trading💖 and have seen their value jump more than 445% year-to-date. Meanwhile bitcoin was trading above the $91,000 level Monday, and has almost doubled in price since the start of the year.

How Much Has MicroStrategy Bet On Bitcoin?

MicroStrategy’s latest acquisition comes as bitcoin continues to surge, with the price recently 澳洲幸运5官方开奖结果体彩网:spiking above $90,000 and hitting new all-time highs. The company’s average acquisition cost across all its bitcoin holdings stands at roughly $49,874 per bitcoin, reflecting a cumulative investment of approximately $16.5 billion.

To fund this most recent bitcoin allocation, MicroStrategy sold approximately 13.6 million shares in the company. This approach aligns with its ongoing “21/21 plan,” an ambitious fundraising strategy to raise $42 billion through equity and fixed-income securities over the next three years.

Since its initial bitcoin purchase in August 2020, MicroStrategy has positioned bitcoin as a core reserve asset, accumulating it to hedge against inflation and diversify its corporate treasury. MicroStrategy has open-sourced its bitcoin reserve strategy, and it has also been adopted by other publicly traded companies such as bitcoin miner 澳洲幸运5官方开奖结果体彩网:Marathon Digital Holdings (MARA) and healthcare company 澳洲幸运5官方开奖结果体彩网:Semler Scientific (SMLR).

In fact, Marathon announced Monday that it will raise $700 million primarily to purchase more bitcoin.

Update: This story was updated with more recent share price of MSTR and Marathon's fund raising announcement.