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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.

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.

Michael Saylor’s Strategy, formerly known as MicroStrategy, is facing one of its biggest tests yet has tumbled by more than 55% since the year started in the stock market, per data from Google Finance.