Markets
Beneath the unblinking gaze of Executive Chairman Michael Saylor, Strategy (MSTR) plunged into the cryptocurrency abyss last week, emerging clutching 17,994 bitcoin-mere digital phantoms valued at $1.28 billion.
The modern-day Midases at MSTR now hoard 738,731 BTC, a treasure amassed for $56.04 billion, each coin priced at $75,862. A minor correction in the grand symphony of speculative frenzy. Bitcoin, that mercurial specter, taunts traders at $68,000-a mere trifle below its celestial peak.
The acquisition spree, funded by a sordid dance of capital: $900 million conjured from selling common stock, and $377 million drained from STRC preferred shares. The market, ever the accommodating puppeteer, pulled strings at dawn.
And lo! MSTR shares creep upward by 0.2% in the predawn gloom, a testament to the enduring faith of gamblers who mistake volatility for virtue.
Truly, the circus of capitalism never closes. One wonders if even Saylor’s ghost will someday haunt the blockchain he so desperately tried to monetize.
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2026-03-09 15:14