Well now, gather ’round, folks, for I have a tale that’ll tickle your fancy and perhaps even raise an eyebrow or two! It seems that our good friends over at Strategy, the grand poobah of Bitcoin hoarding, have decided to take a breather from their usual gold rush. After months of gobbling up Bitcoin like a hungry raccoon at a trash can, they’ve only managed to scrape together a modest $10.7 million for their latest haul. Yes, you heard that right—just a paltry sum in the grand scheme of things! 💰
With this latest acquisition of 130 shiny BTC, they’re inching ever closer to that glittering goal of 500,000 BTC. It’s like watching a tortoise in a race, but hey, slow and steady wins the race, right? Or at least that’s what they tell me. 🐢
Now, let’s not forget the numbers, for they are the bread and butter of this whole operation. Strategy has snagged those 130 BTC at a price that would make a banker weep—around $82,981 per Bitcoin. And wouldn’t you know it, they’ve managed to wrangle a BTC yield of 6.9% for the year 2025. As of March 16, 2025, they’re sitting pretty with 499,226 BTC, all for the princely sum of about $33.1 billion. That’s right, billion with a ‘B’! 💸
— Michael Saylor (@saylor) March 17, 2025
Now, this company, which once strutted around under the name MicroStrategy, has amassed quite the collection of digital coins. They’ve been buying up Bitcoin like it’s going out of style, with an average price of $66,360 per coin. But this latest purchase? It’s a far cry from the multi-billion dollar splurges of yore. It’s like going from a lavish buffet to a simple sandwich—what a change of pace! 🥪
And let’s not forget the rollercoaster ride that is their stock price. Just a few weeks back, it took a nosedive, plummeting toward $230, but like a cat with nine lives, it bounced back to nearly $300 by Friday. Talk about a comeback! 🎢
In the grand scheme of things, Strategy has laid out a plan to toss a whopping $21 billion into the Bitcoin pot over the coming years, all while raising funds through the sale of Series A Perpetual Strike Preferred Stock. Sounds fancy, doesn’t it? But let’s be honest, it’s just a way to keep the Bitcoin party going! 🎉
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2025-03-17 16:04