Michael Saylor's company, now called Strategy, has been aggressively purchasing Bitcoin as part of its strategy to convert its balance sheet into a Bitcoin reserve. They have consistently used stock offerings and convertible debt to fund these purchases. Strategy's most recent acquisition, announced on March 31, included 22,048 Bitcoin worth $1.92 billion. 

Here's a more detailed look at their $BTC acquisition strategy:

Aggressive Buying:

Michael Saylor, the founder and chairman of Strategy, has been a vocal proponent of Bitcoin and has led his company in acquiring significant amounts of the cryptocurrency. 

Converting Balance Sheet:

Strategy's goal is to shift its assets towards holding a large portion of Bitcoin, using it as a reserve asset. 

Funding through Capital Markets:

They have relied on stock offerings (common and preferred) and convertible debt to raise capital for their $BTC purchases. 

Record Holdings:

Strategy currently holds a substantial amount of Bitcoin, making it one of the largest corporate holders of the cryptocurrency. 

Recent Purchases:

In addition to the March 31 purchase, Strategy has also made other acquisitions, like acquiring 6,556 $BTC in April, worth $555.8 million.