Strategy acquired an additional 520 Bitcoin for approximately $34.9 million during the week ending June 21st while increasing its USD Reserve by $300 million to $1.4 billion, according to a Form 8-K filed with the U.S. Securities and Exchange Commission.

The company reported that it purchased the Bitcoin at an average price of approximately $67,068 per Bitcoin, including fees and expenses, increasing its total holdings to 847,363 Bitcoin.

According to the filing, the purchases were funded through proceeds generated from sales under the company's at-the-market equity offering program, which generated approximately $335.5 million in net proceeds during the reporting period.

Strategy stated that it plans to continue replenishing the USD Reserve over time based on market conditions to support the credit quality of its Digital Credit securities.

The announcement follows several weeks of debate on social media regarding Strategy's capital structure and preferred securities. 

Some commentators have compared recent volatility in Strategy's STRC preferred stock to previous cryptocurrency-related financial failures, while critics have argued that declining prices in the company's securities could eventually pressure it to sell Bitcoin holdings.

Other market participants have described the move as a leverage unwind, arguing that the price declines reflected investor positioning and risk reduction rather than a deterioration in the company's underlying Bitcoin holdings.

The filing disclosed no Bitcoin sales during the reporting period.