MicroStrategy acquired 21,550 Bitcoin worth approximately $2.1 billion at an average price of $98,783 per Bitcoin between Dec. 2 and Dec. 8, according to a SEC filing on Monday. The company’s total Bitcoin holdings now stand at 423,650 BTC, valued at approximately $42 billion.

This marks the company’s fifth consecutive week of Bitcoin purchases, following last week’s acquisition of 15,400 BTC for roughly $1.5 billion at an average price of $95,976 per coin.

The business intelligence firm funded the purchase through the sale of approximately 5.4 million shares of its common stock. This stock sale is part of a larger $21 billion offering authorized by the company in October 2024.

The company has approximately $9.19 billion worth of shares remaining available for sale as part of its planned $42 billion capital raise over the next three years, split between a $21 billion equity offering and $21 billion in fixed-income securities.

The company’s co-founder and executive chairman, Michael Saylor, indicated that the total holdings were acquired at an average price of $60,324 per BTC, representing a total cost of around $25.6 billion, including fees and expenses.

The firm’s Bitcoin Yield, which measures the percentage change in bitcoin holdings relative to diluted shares, reached 68.7% year-to-date as of Dec. 9.