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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.

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Strategy founder Michael Saylor said at the annual CPAC conference that the U.S. should seek to stockpile 20% of the Bitcoin supply.

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.