Degen

Strategy, led by Michael Saylor, increased its holdings by buying 6,911 bitcoins worth more than $584 million between March 17 and 23, at an average price of $84,529 per coin.

Strategy now holds more than 500,000 bitcoins, according to a filing with the U.S. Securities and Exchange Commission today. The firm’s total bitcoin holdings have reached 506,137, with a total purchase price of about $33.7 billion, or an average price of $66,608 per bitcoin.

The purchase came a day after the company announced the pricing of its latest series of preferred shares on March 21. The preferred shares were sold at $85 per share and carry a 10% coupon, and are expected to yield about $711 million in proceeds.