Michael Saylor’s Bitcoin acquisition spree continues. On Friday, Strategy, formerly MicroStrategy, announced a fresh purchase of 20,356 BTC, spending approximately $1.99 billion at an average price of $97,514 per coin. The move strengthens the company’s position as the largest corporate holder of Bitcoin.

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Strategy, the self-styled Bitcoin treasury company that until recently was known as MicroStrategy, said it acquired $1.99 billion more of the cryptocurrency with the proceeds from last week’s convertible bond sale.

Strategy (MSTR), led by Michael Saylor, just made another bold move into Bitcoin, purchasing 20,356 BTC for $1.99 billion at an average price