MicroStrategy just bought another 2,138 BTC. This marks the eighth week in a row that they’ve increased their bitcoin holdings.

With this latest purchase, their total now stands at 446,400 BTC. That’s quite a stash!

They spent $209 million on this latest batch, and they funded it through share sales under their at-the-market (ATM) program. This is a smart move for the company, which is known for its focus on bitcoin.

Executive Chairman Michael Saylor shared the news on social media. He noted that the average price for the newly acquired bitcoin was $97,837. This brings their overall average purchase price to $62,428.

MicroStrategy still has $6.88 billion left in its ATM program, which gives them plenty of room to maneuver.

Recently, they joined the Nasdaq 100. They’re currently ranked 57th, with an index weighting of 0.38%. However, their share price is about 40% below the record high they hit on November 21. Right now, it’s down about 3% in pre-market trading, hovering around $320 per share.

James Van Straten, a senior analyst at CoinDesk, focuses on Bitcoin and the broader economic environment. He used to work as a research analyst at a Swiss hedge fund, where he got into on-chain analytics.

James keeps a close eye on ETFs, spot and futures volumes, and how Bitcoin interacts with the financial system. He also holds over $1,000 in bitcoin, along with shares in MicroStrategy (MSTR) and Semler Scientific (SMLR).