Strategy (MSTR) is raising another $2 billion U.S. to buy even more Bitcoin (BTC).
The software company turned serial Bitcoin acquirer, which until recently was known as MicroStrategy, is raising the funds via 0% convertible notes.
The new money raised will be used for the express purpose of buying more Bitcoin.
Led by Executive Chairman Michael Saylor, Strategy is the world’s largest corporate holder of Bitcoin, with 478,740 digital tokens worth more than $45 billion U.S.
Saylor recently rebranded the company as Strategy, giving it a new name and logo, to reflect the pivot away from software and to cryptocurrency.
Strategy has consistently bough more Bitcoin anytime the largest crypto by market capitalization has seen its price drop.
Bitcoin is currently trading at $96,200 U.S., down from an all-time high above $109,000 U.S. reached in January of this year.
