MicroStrategy’s Bitcoin Bonanza: You Won’t Believe How Much They Bought!

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Well now, gather ’round, folks, for I have a tale that would make even the most stoic of souls raise an eyebrow! MicroStrategy, that audacious band of digital gold diggers, has gone and added a whopping 11,000 Bitcoin to their already bulging pockets, shelling out a staggering $1.1 billion! That’s right, a billion with a ‘B’! 💰

Now, if my arithmetic serves me right, that brings their total stash to a jaw-dropping 461,000 BTC. Why, it’s enough to make a man wonder if they’re planning to buy the moon next! 🌕

Leading this merry band is none other than Executive Chairman Michael Saylor, who seems to have taken a liking to this whole Bitcoin business. In the week that wrapped up on January 19, he decided to add another 11,000 BTC to the pile, which, if you ask me, is akin to a squirrel hoarding acorns for the winter. 🐿️

Now, let’s talk numbers, shall we? This latest batch of Bitcoin was snagged at an average price of $101,191 each, which, if you’re keeping score, nudges their overall average purchase price up to a cool $63,610. Not too shabby for a digital currency that some folks still think is just a passing fad! 😏

And what’s this? Our dear Mr. Saylor took to the social media platform X to tease us all with the cryptic message, “Things will be different tomorrow.” Oh, the suspense! Since then, he’s been busy posting pictures with none other than Eric Trump, crypto czar David Sacks, and Robert Kennedy Jr. Quite the entourage, I must say! 🎉

But hold your horses! In the premarket action, MSTR shares are down just a smidge, while Bitcoin is trading at $104,500—just a hair lower than it was on Friday afternoon. And let’s not forget, the U.S. stock market was closed on Monday in honor of the MLK holiday. So, what’s next for this Bitcoin bonanza? Only time will tell, my friends! ⏳

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2025-01-21 16:35