Bitcoin Over $100K: Rich Men, Big Bets, And Saylor’s Wild Ride 🎢

by

There are men who work the wild fields of California, and there are men who herd wild cryptocurrencies through the digital valleys. Michael Saylor was the latter sort, a man with the look of permanent sunburn and maybe the kind of eyes that get a little too wide when someone utters the word “blockchain.”

So it happened that last week, while folks out west were counting beans and dollars and maybe wishing for a drop of rain, Saylor’s company, called Strategy—because who needs subtlety—went and bought another sackful of Bitcoin just as the price whipped over that unicorn milestone: one hundred thousand dollars. Picture it—Saylor in his office, grinning like a farmer with his first tomato, the ink on the filings barely dry, whispering to the world: “Look what we bought now!”

Between the fifth and the eleventh of May, Strategy grabbed 13,390 more Bitcoin—$1.34 billion, give or take a pizza. The paperwork, like all things involving large sums, rolled into the grinning maw of the SEC on May 12. These coins didn’t come cheap. The price per coin nearly hit six digits: $99,856 per. Somewhere a banker had to sit down and breathe into a paper bag.

After this little shopping spree, they had themselves a tidy sum: 568,840 BTC in their basket, picked up for a combined $39.4 billion. That average coin cost $69,287—a number that probably gives other finance folks hives and maybe just a touch of envy. Even a dust storm doesn’t move as quick as these numbers.

The new coins rolled in just as Bitcoin broke that magic price, like a tractor finally making it up the last hill after sputtering for months. On May 8, it crested $100,000 and Saylor probably hollered loud enough to scare the cattle clear over in Nevada.

Strategy Finds Its Gold Mine (Or So They Say) 🐂

Hot on the heels of this, Saylor himself took to X (which used to be Twitter, but no one can keep up with rebrands) and declared that they’d hit their “Bitcoin yield target” for 2025. The number? 15.5%. Not bad for a man who seems to think yield is something you harvest with a blockchain-powered combine harvester.

If you ask Strategy’s accountants—which I imagine you don’t—their BTC yield, a ratio with more layers than an onion, is now 15.5% after last year’s roaring 74%. The goal for 2025? Keep it at 15%. Easy as tending to an orchard in a drought. Or perhaps not.

Now Strategy sits, pockets heavy with more orange coin than seems decent, dreaming their digital dreams. Next time you hear of another big buy, remember: sometimes a man’s just gotta chase that big, shiny number—even if it means buying enough Bitcoin to fill the barn twice over. 🚜💸

Read More

2025-05-12 16:50