MicroStrategy, the largest corporate holder of Bitcoin, is set to raise $1.75 billion to buy more Bitcoin from senior convertible notes at a 0% interest rate.

MicroStrategy said it “intends to use the net proceeds from this offering to acquire additional bitcoin and for general corporate purposes” in its Nov. 18 statement.

The business intelligence firm’s 0% senior convertible note means it will not pay regular interest to bondholders.

These convertibles are sold at a discount and will instead mature to face value if they are not converted prior to the maturity date — which is 2029 in MicroStrategy’s case.

They’re also “senior” to common stock in the sense that holders have priority in the event of bankruptcy or liquidation.

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MicroStrategy could buy another 19,065 Bitcoin at current prices if it were to spend the entire $1.75 billion on Bitcoin.

Bitcoin Treasuries data shows it currently holds 331,200 Bitcoin, worth over $30.3 billion, following its purchase of another $4.6 billion worth of Bitcoin on Nov. 18.

MicroStrategy has bought 142,050 Bitcoin alone this year, worth around $12.8 billion at current prices.

Michael Saylor’s firm is now up 133% on its Bitcoin investment strategy, having bought its Bitcoin for an average purchase price of $39,292.

MicroStrategy (MSTR) shares increased nearly 13% to set a new closing high of $374.8 on Nov. 18 but have fallen 0.7% in after-hours, Google Finance data shows.

Last month, MicroStrategy revealed its plan to raise $42 billion over the next three years to stack more Bitcoin under its “21/21” plan — consisting of $21 billion in equity and $21 billion in fixed-income securities.

Bitcoin is currently priced at $91,653 — less than 2% off its all-time high of $93,477 reached on Nov. 13, CoinGecko data shows.