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 predicts Bitcoin will reach $13 million by 2045, requiring a 29% annual return and a $280 trillion market cap. Can BTC absorb enough global wealth to make it possible?

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.

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 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.