Michael Saylor’s Strategy Adds 130 BTCs in Smallest-Ever Purchase

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Breaking News: Michael Saylor’s Tiny Bitcoin Purchase Shocks the Financial Universe! 🚀💰

In a move that can only be described as “slightly less than a drop in the ocean,” Michael Saylor’s Strategy has managed to acquire a whopping 130 additional Bitcoin, valued at a staggering $10.7 million. Yes, you heard that right—this is their smallest BTC purchase to date, which is like saying a whale just took a sip of water. 🐋💧

Strategy’s Modest Addition of 130 BTC

Strategy, the business intelligence firm that seems to have a love affair with Bitcoin, has announced this latest acquisition. It’s like adding a single grain of sand to a beach, but hey, every little bit counts, right? The latest haul, which is about as exciting as watching paint dry, was acquired at an average price of $82,981 per BTC between March 10 and March 16, as revealed in a filing with the U.S. Securities and Exchange Commission on March 17. Because who doesn’t love a good regulatory filing? 📄

Funding the Purchase with Preferred Stock Sale

Now, how did they fund this monumental purchase, you ask? Through the sale of 123,000 shares of the company’s preferred stock (STRK), raising roughly $10.7 million in net proceeds. This sale is part of a broader $21 billion at-the-market offering that Strategy announced earlier this month. Because why not throw a few billion around like confetti? 🎉

Previously known as MicroStrategy, the company has increasingly leaned on equity and fixed-income instruments to fund its Bitcoin acquisitions. In a plot twist worthy of a soap opera, they revealed a plan to raise $42 billion through 2027 via stock sales and other securities to support their ongoing Bitcoin shopping spree. 🛒

Bitcoin Holdings Approaching 500,000 Milestone

With this latest acquisition, Strategy and its subsidiaries now hold approximately 499,226 BTC, purchased at a cumulative cost of around $33.1 billion. That’s right, folks—just a mere 774 BTC away from the symbolic 500,000 BTC mark. It’s like being on the edge of a cliff, but instead of falling, they’re just waiting for the right moment to leap into the abyss of cryptocurrency. 🏞️

The company’s Bitcoin holdings are currently valued at approximately $41.6 billion. Yes, billion with a ‘B’—because who needs a million when you can have a billion? 💸

Saylor: “A Historic Entry Point”

Speaking at a Miami Beach conference, Chairman Michael Saylor described the current environment as ideal for long-term Bitcoin adoption. He said,

“This is kind of a historic entry point because all of the risk has been stripped off the asset. You pretty much know Wall Street’s going to embrace it, the US government is going to embrace it, banks in the US are going to embrace it, which means that all the other banks will embrace it.”

However, he also addressed the current market sentiment, acknowledging its current skittishness over concerns about tariffs and the state of the US economy. He stated,

“We’re in this macro risk-off zone. When that flips, I think Bitcoin will rip forward with a vengeance.”

Despite the company’s aggressive BTC strategy, shares of Strategy were trading down 3.7% at $286.52 on Monday and remain largely unchanged year-to-date. Because nothing says “success” like a slight dip in stock prices! 📉

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2025-03-18 21:11