Strategy (MSTR) brought its bitcoin (BTC) holdings up to just a hair shy of half of million with its latest acquisition.

The company, led by Executive Chairman Michael Saylor, on Monday morning announced the purchase of 20,356 BTC for $1.99B, or an average price of $97,514 per token.

This comes after the last week's $2 billion 0% convertible note offering, which raised $1.99 billion after expenses.

MSTR's bitcoin stack now sits at 499,096 tokens acquired for $33.1 billion, or an average price of $66,357 each. At bitcoin's current price of $95,500, the holdings are worth about $47.7 billion.

MSTR shares are up marginally in premarket action after a Friday tumble that took the stock price below $300.