MicroStrategy disclosed in a form filed with the U.S. Securities and Exchange Commission that it had bought more than 20,000 digital tokens after a week without any purchases. The software company said it acquired 20,

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.

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.