Strategy buys an additional 20,356 Bitcoins, bringing its holdings to nearly 500,000 BTC

Strategy, led by Michael Saylor, buys additional Bitcoin, bringing its holdings to nearly 500,000 BTC
It was reported that Strategy bought 20,356 Bitcoins, worth about $2 billion, at an average price of $97,514 each. This is part of the company's "21/21 Plan."
The funds were raised through a $2 billion convertible bond issue. On the same day, Saylor posted on X, "The strategy is to spend $1.99 billion to buy 20,000 Bitcoins.
"The total amount used to buy Bitcoin by the strategy to date is $33.1 billion.
The average purchase price was $66,357 per BTC. The funds for this Bitcoin purchase were raised through the issuance of convertible notes, which was announced on February 24th.
The company is offering zero-coupon convertible notes due March 1, 2030, which are convertible into 2.3072 shares of Strategic Class A common stock for every $1,000.
The conversion price is $433.43 per share, a 35% premium to the current market price. The funds effectively secured by the strategy through the issuance of the notes amount to approximately 1
The amount is $990 million, which the company said it plans to use to purchase additional Bitcoin and for general operating funds.