In a world where fortunes are made and lost faster than a cat on a hot tin roof, the ever-magnificent Michael Saylor announced that the stage of Strategy—our erstwhile MicroStrategy—had, alas, danced not a single pirouette into the Bitcoin ballroom last week, jejunely clutching its treasured collection of 478,740 BTC, like a dragon hoarding its gold. 🐉💰
And lo! Between the ephemeral days of February 10 and 14, the pallid market stood as barren as a winter’s field, with nary a soul to trade its class A common stock via their wretched at-the-market equity program—an admission from our dear executive chairman, the aforementioned Saylor, who shared this amusing tidbit on none other than X.com (formerly Twitter, a playground for bluebirds and bots alike). 🦜🤖
What is this ATM, you ask? Not your neighborhood cash dispenser, but rather a benevolent fund that keeps the coffers full for the Bitcoin bonanza through share sales, converting stock into digital gold. Strategy hath poured forth $31.1 billion into the ethereal abyss of cryptocurrencies since the heated summer of 2020, with much of that treasure unearthed from its equity endeavors.
With no new shiny class A shares traded last week, the mighty Saylor managed to preserve their vast Bitcoin reserve, a veritable trove now valued well over $46 billion, as BTC pretended to frolic below a whimsical $97,000. Perhaps it was off playing hide and seek with rationality—who’s to say? 🤷♂️💸
This captivating spectacle marks but the second occasion in a mere 14 weeks that the illustrious Strategy has opted out of Bitcoin procurement—a first transpiring in the early days of February, where a similar unsold story played out, echoing like a sad violin. 🎻
Our dashing Saylor, with a flair for the dramatic, recently announced that the firm has picked up where it left off, sultrily resuming its weekly BTC indulgences. Strikingly, the U.S. Securities and Exchange Commission’s filings revealed that our hero gallantly spent $742 million on the glittering dancefloor of Bitcoin acquisition.
As we dwell in this cryptographic carnival, Strategy stands tall as the grandest publicly traded Bitcoin holder known to man—a titan that rivals the corporate powerhouses of Wall Street, with only BlackRock’s ETF, boasting $57 billion, managing to eclipse it. Ah, but Saylor’s realm possesses more Bitcoin than the likes of Fidelity and Grayscale—might we call him the Bitcoin baron? 👑
Last week, @Strategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2/17/2025, we hodl 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin. $MSTR
— Michael Saylor⚡️ (@saylor) February 18, 2025
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2025-02-18 18:12