MicroStrategy Inc. disclosed in a 21 July filing with the U.S. Securities and Exchange Commission that it purchased 6,220 bitcoin between 14 and 20 July for about $739.8 million, paying an average $118,940 per coin. The latest acquisition lifts the Tysons Corner, Virginia-based company’s treasury to 607,770 BTC, the largest corporate bitcoin holding. At the prevailing market price of roughly $119,000, the stash is valued near $72 billion, compared with an aggregate purchase cost of $43.61 billion, or $71,756 per coin. MicroStrategy funded the buy by selling 1.64 million shares through an at-the-market offering that raised approximately $736.4 million. The enterprise-software maker has financed its bitcoin strategy with repeated equity and debt issuances since 2020, a play that has propelled its stock even as analysts debate the risks of continued dilution and cryptocurrency volatility.