Michael Saylor just went shopping for more Bitcoin.

The Strategy boss dropped a cool $2 billion to scoop up another 20,356 BTC at around $97,514 per coin.

His corporate war chest now holds a mind-boggling 499,096 Bitcoin worth over $47 billion – making every other institutional holder look like a casual retail trader.

Money Printer Goes Brrr

All this cash is coming from convertible notes with 0% interest – not a bad deal.

Saylor just closed a $2 billion offering of these notes due in 2030, converting to Strategy stock at $433.43 per share.

The market gobbled these up despite the 35% premium over current stock prices.

After expenses, Strategy walked away with $1.99 billion in fresh capital, immediately dumped into Bitcoin without even pausing for breath.

This latest buying spree is merely an appetizer in Saylor's feast.

His "21/21 Plan" aims to raise a staggering $42 billion over the next three years – all earmarked for more Bitcoin.

They've already bagged nearly half that goal through various financial instruments.

His average acquisition price now sits at $66,357 per coin, meaning he's underwater on this latest batch but still comfortably in profit overall.

Wall Street Shrugs

Meanwhile, Strategy stock dropped 7.5% to $299.69 after this announcement.

The shares have shed about 30% since their November peak, suggesting Wall Street isn't entirely sold on Saylor's Bitcoin religion.

Yet zoom out, and the stock remains up over 700% in three years – crushing traditional market returns and turning early believers into very happy shareholders.

Turns out betting on Saylor betting on Bitcoin has been a winning strategy so far.

Big Moves, Big Market

Strategy now holds more than 2.3% of all Bitcoin that will ever exist.

This single company controls a larger share of Bitcoin's supply than most countries, central banks, or financial institutions.

Skeptics call it dangerously concentrated risk, while believers see it as the ultimate inflation hedge.

The entire crypto market watches Saylor's every move like he's the Bitcoin whisperer.

Saylor Sailing Away With This One

Love him or hate him, nobody commits to a thesis quite like Michael Saylor.

With Strategy approaching the 500,000 BTC mark, we're witnessing possibly the largest corporate treasury transformation in modern financial history.

Saylor is no doubt already planning his next billion-dollar buy.