Michael Saylor’s Strategy Plans to Raise $2.1 Billion to Purchase More Bitcoin

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When a Billionaire Dreams: The Absurdity of Raising $2.1 Billion for Bitcoin! 💰😂

Ah, the offering—a grand spectacle, a veritable circus of finance! It could, in the most optimistic of scenarios, raise a staggering $2.1 billion, as per the sacred scrolls filed with the omnipotent Securities and Exchange Commission (SEC). One can only imagine the fervor with which the numbers dance in the minds of those who dare to dream.

In a world where chaos reigns supreme, the company plans to execute the sales of its perpetual strife preferred stock with the precision of a clockmaker, or perhaps a jester juggling flaming torches. They will consider the whims of real-time trading prices and volumes, as if they were navigating the treacherous waters of the Neva River, ever so cautiously. The stock shall be offered through methods that align with the definition of an ATM offering under SEC Rule 415(a)(4)—a delightful concoction of negotiated transactions and block trades, as if one were ordering a fine meal at a restaurant where the chef is perpetually in a state of existential crisis.

Strategy™—a name that evokes both admiration and a hint of irony—proclaims its intention to utilize the net proceeds for general corporate purposes. This includes working capital and, of course, the acquisition of bitcoin, that elusive digital treasure. Such a move is not merely a financial strategy; it is a testament to their long-standing love affair with the world of digital assets, a romance fraught with volatility and intrigue.

The offering, dear reader, is being conducted under a prospectus supplement filed on the fateful day of May 22, 2025, under the company’s existing shelf registration (File No. 333-284510), which was declared effective on January 27, 2025. Ah, the bureaucratic ballet of finance, where every step is choreographed to perfection, yet the outcome remains as unpredictable as the weather in St. Petersburg!

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2025-05-22 16:49