Strategy to buy an additional 705 Bitcoin at a price of 75.1 million dollars, increasing the total number of Bitcoin held to 580.955 BTC.

The Bitcoin Strategy fund management company (formerly known as MicroStrategy) has purchased an additional 705 BTC at a price of approximately 75.1 million USD, averaging 106,495 USD, from May 26 to June 1, according to filings submitted to the Securities and Exchange Commission of the United States (SEC).

Currently, Strategy holds a total of 580,955 BTC, worth more than $60 billion, purchased at an average price of $70,023, for a total cost of about $40.7 billion, including fees and expenses. This amount of BTC is equivalent to about 2.8% of the total supply of 21 million BTC, implying about $19.3 billion in paper profit.

This purchase transaction was made with the proceeds from the sale of preferred shares STRK and STRF. Last week, Strategy sold 353,511 shares of STRK and 374,968 shares of STRF, with billions of USD in shares still remaining in these programs.