Strategy disclosed it bought 3,015 BTC for about $204.1 million at an average price of $67,700 per bitcoin between Feb. 23 and March 1, according to a Monday SEC filing.

The purchase lifts the firm’s stack to 720,737 BTC, which it said cost about $54.8 billion in total at an average price of $75,985 per coin, including fees and expenses.

At current prices, that position was valued at roughly $47.5 billion.

Measured against bitcoin’s 21 million hard cap, the holding represents just over 3.4% of total eventual supply, according to the report.

Funding the latest buys

Strategy said the acquisitions were funded through at-the-market sales of its Class A common stock, MSTR, and its perpetual preferred stock, STRC.

Last week, the company sold 1,730,563 MSTR shares for about $229.9 million, and said $7.6 billion of MSTR remained available under that program as of March 1.

It also sold 71,590 STRC shares for about $7.1 million.

Preferred stock programs and the “42/42” plan

Strategy’s STRK, STRC, STRF, and STRD preferred stock ATM programs total $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion, respectively.

Those sit alongside the firm’s “42/42” plan, which targets an $84 billion capital raise through 2027.

‘The Turn of the Century’

Ahead of the filing, Michael Saylor posted a hint about the purchase on Sunday, writing:

“The Turn of the Century.”

Strategy previously disclosed a purchase of 592 BTC for about $39.8 million at an average price of $67,286, taking holdings to 717,722 BTC.

Benchmark analyst Mark Palmer recently described STRC as the “primary engine” for Strategy’s bitcoin accumulation.

STRC traded as low as $90 in February and later recovered to just below its $100 par value, while Saylor said the dividend rate increased by 25 bps to 11.50% for March.