💰💰💰 MicroStrategy’s Bitcoin Bonanza Continues! 💰💰💰

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In a move that would make even the most jaded of investors do a double-take, MicroStrategy has once again thrown caution to the wind and snapped up another $1.1 billion worth of Bitcoin. It’s like they’re playing a game of Monopoly, but with real money and digital gold.

The company, which holds more Bitcoin than there are teacups in an English country house, has now boosted its stash to a mind-boggling 471,101 tokens. One can only imagine the size of the safe they keep these in.

Michael Saylor, the executive chairman who’s seemingly on a mission to make Bitcoin his own personal hobby horse, disclosed that they acquired 10,101 BTC at an average price of $105,596. That’s enough to make one’s wallet weep with either joy or despair, depending on your view of the crypto market.

Saylor’s firm, which began its Bitcoin binge in 2020, has now spent a cool $30.4 billion on its digital treasure trove. Valued at nearly $50 billion, it’s a sum that would make Scrooge McDuck feel inadequate. And with BTC taking a 4% dive on Jan. 27, one can only hope they’re good swimmers.

Enter the STRK: MicroStrategy’s Latest Financial Feat

But wait, there’s more! MicroStrategy hasn’t just been hoarding Bitcoin; they’ve also cooked up something called STRK. It’s a mixed securities offering that’s as flexible as a yoga instructor and just as intriguing.

STRK is a financial contraption that allows MicroStrategy to offer investors a smorgasbord of investment options. Preferred stock, common stock, you name it. It’s like a menu at a fancy restaurant, but for your wallet.

Saylor says the proceeds from STRK will be used to buy even more Bitcoin and for other corporate shenanigans. It’s all part of his “21/21” plan, which aims to pour $42 billion into Bitcoin by 2028. Because why stop at a billion when you can go for broke?

Shareholders, bless their souls, seem to be on board with Saylor’s grand vision. They’ve voted to increase the number of authorized Class A common shares by 30 times. Because if you’re going to bet the farm, you might as well do it in style.

$MSTR today announced the launch of $STRK, a new convertible preferred stock offering available to institutional investors & select retail investors. To view the investor presentation video, learn more about participating, & access key details, click here.

— Michael Saylor⚡️ (@saylor) January 27, 2025

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2025-01-27 17:27