Strategy bought 1,036 more bitcoins last week, lifting its holdings to 850,364. The purchase was worth $81.9 million.

Cointelegraph, a blockchain outlet, reported on Nov. 9 that Strategy bought the bitcoin at an average of $79,012 each. That took the company’s cumulative bitcoin purchases to $64.16 billion. Its average purchase price is $75,456. Its current holdings are about 4.05 percent of bitcoin’s maximum supply of 21 million coins.

Recent cash deployment has been focused more on STRC preferred share redemptions than on bitcoin. Strategy repurchased about 1.89 million STRC preferred shares for $188.3 million last week. It continued large buybacks after spending $208.2 million the previous week.

On a cumulative basis since early October, the trend is clearer. Strategy spent about $1.06 billion on STRC preferred share purchases over the period. That is about five times the $219.7 million it put into bitcoin purchases during the same period.

Funding was raised through common stock sales. Strategy sold about 2.05 million shares of MSTR common stock through an at-the-market program, securing net proceeds of $283.8 million. Of the funds raised, it allocated $188.3 million to STRC redemptions and $81.9 million to bitcoin purchases. It also added $13.6 million to its U.S. dollar balance.

Preferred dividend payments also affected cash flow. A separate U.S. dollar reserve fell to $4.77 billion from $4.79 billion after using $21.1 million to pay preferred dividends. By contrast, its dollar cash balance rose about 10 percent to $146.2 million from $132.7 million.

Bitcoin purchases also continued the week before. Strategy previously bought 811 bitcoins for $65.5 million in the prior week. Two straight weeks of purchases kept its holdings on an expansion track.

A U.S. Securities and Exchange Commission filing confirmed that Strategy is continuing additional bitcoin purchases, while allocating a larger share of funds to STRC preferred share redemptions over the same period. The market is expected to watch how Strategy allocates funds raised from common stock sales between bitcoin and preferred share redemptions.