No fear of cryptocurrency pullbacks! "Bitcoin whales" continue to "buy, buy, buy" for the seventh consecutive week.

Despite a significant pullback in cryptocurrency over the past week, "Bitcoin whale" MicroStrategy continues to "buy, buy, buy." The company announced on Monday that it has purchased an additional 5,262 Bitcoins, marking its seventh consecutive week of accumulation.

According to a filing with the U.S. Securities and Exchange Commission (SEC), the company sold approximately $561 million worth of stock through an ATM (At-the-Market) offering and then used the proceeds to increase its Bitcoin reserves.

The average purchase price last week was around $106,613, slightly below Bitcoin's historical peak of about $108,500.

In October of this year, MicroStrategy stated that it would issue approximately $42 billion in stock and bonds over the next few years to purchase Bitcoin. Since then, the company has accumulated nearly 200,000 Bitcoins, raising the average holding cost from $39,266 in October to about $62,257 now.

MicroStrategy currently holds a total of 444,262 Bitcoins, with an average purchase price of $62,257, making it the largest corporate holder of Bitcoin in the world.

Although MicroStrategy has realized approximately $41 billion in unrealized gains from betting on Bitcoin, the significant drop in the cryptocurrency could pose risks for the company, especially considering that its main software business is not consistently profitable and the company has already raised over $7 billion through convertible bonds.

Sosnick emphasized that MicroStrategy benefits from a "self-fulfilling feedback loop." The company buys Bitcoin, helping to drive up its price, then sells more debt and equity to buy more Bitcoin, further pushing up the Bitcoin price.

"This kind of thing will not last forever and often ends badly—the question is, 'When?' The short-term answer seems to be 'not yet,'" Sosnick stated.

Since Trump’s election, Bitcoin's price has surged nearly 40%, breaking through $108,000 earlier last week to set a new historical high. However, pressured by the hawkish policy outlook of the Federal Reserve, Bitcoin recently recorded its first weekly decline since Trump’s victory. It is currently hovering around $94,500.