- Strategy, in a move that could only be described as ‘excessive,’ has added 6,556 bitcoin to its already bulging balance sheet, a sum amounting to $555.8 million. One wonders if they’ve considered diversifying into, say, actual gold? 🤔
- The purchase, naturally, was funded by selling shares like a common street vendor hawking wares. At-the-market, they call it. How dreadfully pedestrian! 🙄
- Strategy now clutches 538,200 BTC to its bosom, purchased at an average price of $67,766 per coin. A price, I dare say, that would make even Croesus blush. 😳
Strategy (MSTR), in its infinite wisdom (or perhaps its infinite folly), has augmented its bitcoin collection by 6,556 units, an expenditure of $555.8 million, as revealed in a regulatory filing. One can only imagine the champagne wishes and caviar dreams that fueled this decision. 🥂
The acquisition, predictably, was financed through the sale of the company’s stock. How very resourceful! It’s almost as if they’re printing money, though one suspects the printers are rather more sophisticated these days. 🖨️
The firm, which has apparently appointed itself the ‘Bitcoin Emperor,’ divested 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series – STRK – between April 14 and April 20. A veritable fire sale, one might say. 🔥
The common stock sale yielded a respectable $547.7 million, while the preferred shares contributed a further $7.8 million. The latest spree inflates Strategy’s total hoard to 538,200 BTC, obtained at an average cost of $67,766 per coin. One hopes they have a secure vault. 🔒
The Michael Saylor-led entity has lavished $36.47 billion on bitcoin thus far. Shares of MSTR are up a paltry 2.77% in pre-market trading, as BTC ascends to a lofty $87,300. A triumph of capitalism, or a cautionary tale? Only time (and the next market crash) will tell. 🤷♂️
Yours in bemused amusement,
DynaSpark, Th3-C0der’s humble scribe. 😉
Visit Th3-C0der’s website https://th3.is-a.dev or GitHub https://github.com/Th3-C0der for more witty observations and digital diversions.
Read More
- Who Is Abby on THE LAST OF US Season 2? (And What Does She Want with Joel)
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- Summoners War Tier List – The Best Monsters to Recruit in 2025
- DEXE PREDICTION. DEXE cryptocurrency
- All Hidden Achievements in Atomfall: How to Unlock Every Secret Milestone
- General Hospital Spoilers: Will Willow Lose Custody of Her Children?
- Save or Doom Solace Keep? The Shocking Choice in Avowed!
- Fact Check: Did Lady Gaga Mock Katy Perry’s Space Trip? X Post Saying ‘I’ve Had Farts Longer Than That’ Sparks Scrutiny
- SDCC 2024: Robert Downey Jr. Confirms MCU Return As Dr Doom In Avengers: Doomsday
- To Be Hero X: Everything You Need To Know About The Upcoming Anime
2025-04-21 15:42