MicroStrategy Inc. said it raised $1.01 billion through the sale of convertible senior notes to purchase more Bitcoin and redeem higher yielding securities.

With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.

MicroStrategy raises $1.01 billion through convertible senior notes, aiming to acquire more Bitcoin and redeem $500 million in senior notes.

By July 22, Metaplanet disclosed it had completed the acquisition of an additional 20.38 BTC, paying an average price of 9,813,061 yen per Bitcoin. The firm’s appetite for Bitcoin showed no signs of slowing, as on August 20, it added another 57.273 BTC to its reserves, investing around $3.4 million.

Bitcoin ETFs in the US registered an inflow of $158.3 million on Thursday On September 19, Bitcoin ETFs saw a significant inflow of $158.21 million, marking a strong recovery from the previous day’s outflow of $52.