Well, folks, gather ’round and lend me your ears, for I have a tale that would make even the most stoic of souls chuckle. Our dear friend, Michael Saylor, the captain of the good ship Strategy (formerly known as MicroStrategy), has just made a purchase that would make a gold rush prospector green with envy. He’s gone and snagged himself a whopping 6,911 Bitcoin, which, if my arithmetic serves me right, brings his treasure chest to a staggering 506,000 BTC!
Now, this little escapade cost him a cool $584 million, which is a sum that could make a man weep or a banker swoon. In a recent post on the social media platform X, Saylor, with all the flair of a carnival barker, announced this grand acquisition. He revealed that each Bitcoin was procured at the princely sum of about $84,529. I reckon that’s more than a few folks pay for a decent horse!
“$MSTR has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per bitcoin and has achieved BTC Yield of 7.7% YTD 2025. As of 3/23/2025, @Strategy holds 506,137 BTC acquired for ~$33.7 billion at ~$66,608 per bitcoin. $STRK”
— Michael Saylor
(@saylor) March 24, 2025
Now, according to the fine folks at the U.S. Securities and Exchange Commission, this latest haul was bought at an average price that would make a banker’s heart flutter—around $84,529 per Bitcoin. And wouldn’t you know it, by the time this news hit the streets, Bitcoin was strutting its stuff at a price of $87,500. Talk about timing!
With this latest purchase, Strategy has managed to achieve a BTC Yield of 7.7% YTD, which is a fancy way of saying they’re making money faster than a cat can lick its paw. As of March 23, they held 506,137 BTC, all for the princely sum of over $33.7 billion. That’s right, folks, they now possess more than 2.3% of all Bitcoin in circulation. If that doesn’t make you feel like a small fish in a big pond, I don’t know what will!
But wait, there’s more! This purchase came hot on the heels of Strategy’s announcement that they’re looking to raise a staggering $21 billion through their class A strike preferred stock. It seems they’re not just sitting on their laurels; they’re looking to bolster their investment portfolio, even in the face of a market that’s been wobblier than a three-legged dog on ice.
According to a filing with the SEC, the proceeds from this sale will be used for general corporate operations, which, if I had to wager, might just include more Bitcoin buys. So, hold onto your hats, folks, because this Bitcoin rollercoaster is just getting started!
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2025-03-24 16:38