So, MicroStrategy, the software company that’s basically been on a Bitcoin shopping spree like a kid in a candy store, has decided to hit the brakes. I mean, come on! Twelve weeks of non-stop buying? What were they thinking? Did they think Bitcoin was going to run out? 🍭
Chairman and co-founder Michael Saylor took to X (formerly Twitter, because why not change the name of a perfectly good platform?) to announce that they’ve paused their Bitcoin purchases. Oh, great! Just when you thought they were going to buy the whole blockchain! 🙄
“Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any Bitcoin,” Saylor wrote. Wow, groundbreaking news! I mean, who knew? It’s like saying, “I didn’t eat any cake last week.” Well, good for you, Michael! 🎂
Even with this dramatic pause, MicroStrategy is still sitting on a whopping 471,107 BTC. That’s about $46.6 billion! You know, just a casual Tuesday for them. 💸
Over the years, they’ve spent a staggering $30.4 billion on Bitcoin. Their biggest splurge? Just 12 weeks ago, they threw over $20 billion at it. Talk about a retail therapy session gone wild! 🛍️
Originally, they were all about selling data analytics software. Now? They’re the biggest corporate Bitcoin hoarder. Investors are buying their stock like it’s a ticket to the Bitcoin amusement park. 🎢
Saylor jumped on the Bitcoin bandwagon back in 2020 when the pandemic hit and interest rates plummeted. He thought, “Hey, let’s protect our money with some digital gold!” And boy, did it pay off! Their stock skyrocketed from $14.44 to $332. That’s a 2,199% increase! Who knew being a Bitcoin hoarder could be so lucrative? 📈
Read More
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Lars Eidinger on Berlin Opener ‘The Light’: “We, the Privileged Wealthy, Are the Problem”
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- ‘The Last of Us’ Gets Season 2 Premiere Date
2025-02-04 17:09