The company utilized funds from a common stock sale to support its latest Bitcoin acquisition.

Michael Saylor-led Strategy (MSTR) has surpassed 500,000 BTC in holdings following a new purchase last week.

According to a Monday filing, the company bought 6,911 Bitcoin for $584.1 million at an average price of $84,529 per BTC.

This acquisition increased Strategy’s total Bitcoin holdings to 506,137 BTC, accumulated at a total cost of $33.7 billion, averaging $66,608 per coin.

The purchase was financed through the sale of 1.975 million shares of common stock, generating $592.6 million in proceeds.

Additionally, Strategy’s recent preferred stock offering, valued at $711 million in STRF, was priced late last week. The company has sold 13,100 shares so far, raising $1.1 million, per the filing.

MSTR shares rose 4.8% in premarket trading, coinciding with Bitcoin’s weekend rally past $87,000.