MicroStrategy could purchase $593.3 million worth of Bitcoin and raise up to $750 million by selling new shares.

MicroStrategy, the software company best known for its Bitcoin holdings, has purchased more of the digital asset and may raise additional funds through the sale of new shares.

The company said in its filing that it purchased an additional 16,130 bitcoins between Nov. 1 and Nov. 29 for $593.3 million, at an average price of $36,785 per token. Founder and Chairman Michael Saylor said: post In

The company said it could raise up to $750 million through the sale of new Class A common stock.

Bitcoin BTC

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It was trading roughly flat at $37,652 at 11:35 a.m. ET on Thursday, according to The Block. data. The world’s largest digital asset by market capitalization has increased 10% over the past month and 122.8% over the past year.

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