Strategy has added to its already sizable Bitcoin reserves, according to a U.S. Securities and Exchange Commission (SEC) filing released Monday.

The company purchased 196 Bitcoin during the week ending September 28, spending approximately $22.1 million.

The acquisition was executed at an average cost of $113,048 per coin, a period when Bitcoin’s price dipped below $110,000 after beginning the week above $112,000.

Following this transaction, Strategy’s total holdings rose to 640,031 Bitcoin. The firm has spent about $47.35 billion in total on its Bitcoin acquisitions, establishing an average purchase price of $73,983 per coin.

Despite recent price volatility, founder and chairman Michael Saylor has remained optimistic about Bitcoin’s trajectory.

“I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” he said.

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