MicroStrategy just went shopping, and boy, did they stock up on Bitcoin! 10,107 shiny new coins for a cool $1.1 billion. They now have a grand total of 471,107 BTC. And guess what? They’re selling preferred stock to buy even more! 🤑
In a move that would make any investor’s jaw drop, MicroStrategy has added 10,107 Bitcoin to its digital piggy bank, spending $1.1 billion in the process. That’s an average of $105,596 per BTC, which is either a sign of genius or madness. Their BTC collection now stands at 471,107, with an average cost of $64,511 per coin. Total investment? A whopping $30.4 billion. 🤯
CEO Michael Saylor took to his X account to boasts about the company’s latest antics. MicroStrategy is doubling down on Bitcoin, and their crypto portfolio has yielded a cool 2.90% return. Market conditions be damned! 🌊
Now, MicroStrategy is cooking up a scheme to sell up to 2,500,000 shares of their Series A Perpetual Strike Preferred Stock. Why? To buy more Bitcoin, of course, and to keep the lights on. 💡
Each share of this magical preferred stock comes with a $100 liquidation preference and promises fixed-rate cumulative dividend payments. The exact rate? Well, that’s a surprise for later. Investors, get your wallets ready! 💸
MicroStrategy is leading the Bitcoin bandwagon, and they’re not slowing down. With their ever-growing BTC investments, they’re proving that they’re in it for the long haul. They’re not just investing in Bitcoin; they’re investing in the future of crypto. Or maybe they just really like shiny digital coins. 🪙
With 471,107 BTC, MicroStrategy is the king of corporate Bitcoin hoarding. They’re not just buying coins; they’re setting the stage for a crypto revolution. Through their innovative financial shenanigans, they’re showing the world that Bitcoin is where it’s at. Or at least, that’s what they want us to believe. 🤔
So, what’s the moral of the story? MicroStrategy loves Bitcoin, and they’re not afraid to show it. With their latest acquisition and stock issuance, they’re paving the way for cryptocurrency dominance. Or maybe they’re just really good at making headlines. 📰
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2025-01-28 13:51