You Won’t Believe How Much Bitcoin Strategy Just Bought (Spoiler: It’s a Lot)

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So, guess what? In a move that can only be described as “are they even human?”, Strategy (formerly MicroStrategy, but who’s counting?) just filed with the US Securities and Exchange Commission (SEC) to let us all know they scooped up another 6,556 Bitcoin (BTC). Price tag? A cool $95,167 per coin. Talk about commitment issues, right?

With this latest shopping spree, Strategy’s total Bitcoin stash is now a jaw-dropping 555,450 BTC. That’s about $38.08 billion, give or take a few coins. But hey, who’s keeping track of a few billion when you’re too busy buying *all* the Bitcoin? The average price of their haul? Oh, just $68,550 per BTC. Totally normal. 👀

Strategy’s New $21 Billion ATM (No, Seriously)

And because just owning Bitcoin wasn’t quite enough, Strategy also unveiled their new $21 billion ATM offering. Yup, you read that right. The company raised $128.5 million through common stock at-the-market (ATM) and another $51.8 million through STRK preferred shares. They even used their old $21 billion ATM program from last year to make this all happen. It’s like a financial game of Monopoly, but with more zeros and less actual playing pieces.

Michael Saylor, co-founder of Strategy and Bitcoin’s biggest cheerleader, took to social media to let the world know the company’s year-to-date Bitcoin yield is a respectable 14%. He also gave a quick reminder that the company now holds 555,450 BTC, valued at around $38.08 billion. Not to brag or anything. 🙄

To double down on this whole “we’re basically Bitcoin’s biggest fan club” vibe, Strategy also announced plans to increase its capital-raising capacity. They’re introducing another $21 billion ATM program and expanding their debt purchase program to a ridiculous $42 billion. Yeah, because why not? When you’re this deep into the Bitcoin game, it’s hard to stop.

These moves show that despite their recent *minor* financial setbacks, including five quarters of consecutive net losses (no biggie, right?), Strategy’s still all-in on Bitcoin. Because if at first you don’t succeed, just buy more Bitcoin. 📉➡️📈

Institutional Investors Are All Over Bitcoin (Like, Really All Over)

And just when you thought this couldn’t get any more insane, Strategy dropped their “42/42 Plan” during their latest earnings call. The plan involves raising $84 billion over the next two years, with half of that going toward equity and the other half into fixed-income instruments. All of this is being earmarked for more Bitcoin, because apparently they don’t have enough yet. 🙃

Despite the fact that they’re still losing money like a broken ATM, investors are *still* optimistic. After all, Strategy is the largest corporate holder of Bitcoin, with nearly 3% of Bitcoin’s max supply. At current prices (around $94,000 per BTC), their stash is worth over $52 billion. So, there’s that.

This all comes at a time when institutional demand for Bitcoin is through the roof. Even BlackRock’s iShares Bitcoin Trust ETF (IBIT) is seeing major inflows, proving that the big dogs are finally getting in on the Bitcoin action.

But, as always, not everything’s sunshine and rainbows. Despite all the Bitcoin buys and institutional love, Strategy’s stock dropped 2.7% in pre-market trading on Monday after a 3% gain last Thursday. So, maybe don’t quit your day job just yet, Michael. 📉

Meanwhile, Bitcoin itself is doing a little bit of a dance, trading at $94,596 — down 0.2% in the last 24 hours, but still up 13% in the past month. So, it’s like, “I’m not going anywhere, but also, I might take a nap.” 😴

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2025-05-06 08:53