title: Business intelligence company Strategy has purchased an additional $584 million worth of bitcoin

Strategy acquired 6911 bitcoin between March 17-23 at an average price of $84529 per coin. This brings the company's bitcoin reserves to 506137 BTC purchased at a cost of $33.7 billion.

Business intelligence company Strategy has continued its massive bitcoin buying spree, adding another 6,911 bitcoin to its reserves.

This latest purchase was revealed in a recent SEC filing, detailing an average price of $84,529 per coin.

This brings the company's total bitcoin holdings to 506,137 BTC, purchased at a cost of $33.7 billion.

This follows Strategy's previous announcement of buying 500 BTC at an average price of $82,421 during the fourth quarter of 2023.

Strategy has been a vocal supporter of bitcoin, aiming to deploy treasury reserves for long-term value creation.

The company's stock price has skyrocketed since its first BTC purchase.

Recently, Strategy sold 1.975 million shares of common stock, raising approximately $592 million and the STRK ATM.

Earlier this year, Cathie Wood's flagship fund, ARK Innovation ETF (ARKK), disclosed a new position in Strategy.

In other news, several public companies, including Metaplanet and Semler Scientific, have bought bitcoin with treasury funds.

Moreover, funds for this latest bitcoin purchase came from Strategy's sale of 1.975 million shares of common stock, raising approximately $592 million.

Additionally, Strategy is planning to sell another 1.975 million shares of common stock and grant the underwriters a 30-day option to purchase up to 281,250 additional shares.

Semler Scientific (SCLX) bought 400 bitcoin for $12 million in cash from its treasury.

Metaplanet (MPLT) disclosed a new position in bitcoin, valued at $4.94 million, and sold its entire stake in Advanced Energy Industries (AEIS).

Finally, ARK Innovation ETF (ARKK) disclosed a new position in Strategy, buying 1.18 million shares.