MicroStrategy’s BTC Shopping Spree: $742.4 Million and Counting!

by

Attention shopaholics! MicroStrategy (now rebranded as ‘Strategy’) is back with a vengeance, dropping a cool $742.4 million on Bitcoin! Yep, you read that right. Business as usual, folks.

Their latest Bitcoin binge might be slightly smaller than the last few, but let’s be real, who’s counting when you’re dealing with millions? 💸

Strategy’s Bitcoin Buying Binge: Go Big or Go Home!

Remember when MicroStrategy went on a 12-week shopping spree, snatching up Bitcoin like it was going out of style? Well, they took a little break, but now they’re back in action!

Michael Saylor, the man with the plan, announced:

“Strategy has acquired 7,633 BTC for $742.4 million at $97,255 per bitcoin and has achieved BTC Yield of 4.1% YTD 2025.”

Cue the collective sigh of relief from Bitcoin enthusiasts everywhere!

There were whispers of uncertainty, with rumors of a pause in Bitcoin buying and tax bills to pay. But Strategy’s bold move shows they’re not backing down! 🚀

BlackRock, a major BTC holder and ETF issuer, even bought a chunk of Strategy’s stock, now holding 5% of the company. Talk about commitment!

Sure, the last purchase was bigger, but who can resist a good deal? Besides, Strategy’s been known for its fluctuating purchase sizes. So, really, this is just par for the course!

And let’s not forget about that 74.3% Bitcoin yield in 2024. Even if BTC’s price is feeling a bit shaky, Strategy’s still making bank! 💰

Read More

2025-02-10 20:39