Michael Saylor’s Bitcoin Madness: How $STRK Became the New Gold Rush! 🤯💰

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Ah, yet another chapter in the grand saga of human folly and ambition—MicroStrategy’s perpetual convertible preferred stock offering, oversubscribed threefold. A tale as old as time, or at least as old as Bitcoin. The masses clamor, the numbers swell, and the machine of capitalism grinds on, indifferent to reason. Some 2.5 million shares expected; 7.3 million delivered. $584 million raised where a mere $200 million was sought. Truly, the madness knows no bounds.

And who, pray tell, is the maestro of this symphony of speculation? None other than Michael Saylor, the man who looked at Bitcoin and said, “All in.” Since 2020, he’s led MicroStrategy to amass a staggering $30.4 billion worth of BTC—a fortune built not on gold, but on the digital dreams of a decentralized future. Earlier this month, the man added another $1.1 billion to the pile, launching $STRK with the sole purpose of buying yet more Bitcoin. One wonders if he sleeps or simply dreams in blockchain. 🚀

$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

But wait, there’s more! MicroStrategy’s ambitions stretch beyond the confines of mere stock offerings. The company plans to raise $2 billion in preferred stock by the end of Q1 2025 as part of their grandiose “21/21 plan”—$21 billion in equity and $21 billion in fixed income instruments by 2028. The audacity! The hubris! The sheer, unrelenting determination to turn the world into a digital goldmine.

Mizuho Securities, ever the voice of reason in this storm of speculation, sees a 51% upside for MicroStrategy’s stock. Why? Because the company is uniquely positioned to straddle the worlds of traditional finance and cryptocurrency like some Wall Street acrobat. “Snap up more digital currency,” they say. “Anticipate Bitcoin price appreciation,” they proclaim. It’s as if the very laws of economics have bent to Saylor’s will. Or perhaps the man is just very, very lucky. 🍀

The expectation that the company will continue to snap up more digital currency, coupled with anticipated Bitcoin price appreciation, gives MicroStrategy a 75% premium to the underlying value of its Bitcoin holdings.

And let us not forget the pièce de résistance: the “more hospitable political environment” under none other than Donald Trump. Yes, the man who once called Bitcoin “a scam” now presides over a country where cryptocurrency investment flourishes. The irony is almost too delicious to bear. With such favorable winds at its back, MicroStrategy seems destined to keep growing its BTC reserves faster than its shareholders can say “dilution.”

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2025-01-31 15:56