Ah, dear reader, gather ’round as we delve into the curious case of MicroStrategy, the grand maestro of Bitcoin accumulation! Between the dates of February 3 and February 9, 2025, this illustrious company, with the audacity of a cat burglar in a jewelry store, snatched up a staggering 7,633 bitcoins. One can only imagine the glee of their accountants, who must have been dancing like dervishes at the sight of such numbers!
Now, let us not forget the price tag attached to this digital treasure: a cool $742.4 million! Yes, you heard it right—at an average price of $97,255 per bitcoin, one might wonder if they were purchasing gold-plated unicorns instead. With this latest acquisition, their total hoard has swelled to a jaw-dropping 478,740 BTC, all for the princely sum of $31.1 billion. That’s an average cost of $65,033 per BTC, which, if my calculations are correct, could buy you a small island or at least a very fancy yacht!
But wait, there’s more! Just a few weeks prior, in a fit of financial fervor, MicroStrategy had splurged on 10,107 BTC for a staggering $1.1 billion. One can only assume that their financial advisors are either geniuses or have taken a few too many liberties with the company’s funds. So far in 2025, their Bitcoin holdings have yielded a modest 4.1%, proving that their strategy of treating Bitcoin as a treasury asset is as sound as a bell—if that bell were made of solid gold, of course.
However, on February 4, the ever-eloquent Chairman Michael Saylor, perhaps feeling a twinge of caution, declared a halt to further Bitcoin purchases. “We have not sold any shares or acquired BTC through our equity offering program,” he proclaimed, as if announcing a new flavor of ice cream. One can only hope that this pause is not a sign of impending doom, but rather a moment of reflection in the grand circus of cryptocurrency!
Read More
- ‘Violent Night 2’ Writers Discuss Who Could Star as Mrs. Claus
- Zamna In Tulum Is Taking Your Festival Experience To The Next Level
- Dragon Ball Z’s Spinoff Daima Is Officially Available In English, And I Think Fans Should Be Watching For One Major Reason
- RSR PREDICTION. RSR cryptocurrency
- Jahan Loh and Stash Team Up for ‘Namecaps: Spaceman’ Exhibition at Central Chidlom
- Supreme Court to Review Nvidia’s Crypto-Mining Revenue Case
- Lil Yachty Leads Milli Point Two’s FW25 Campaign
- ‘Utter Madness.’ The Latest Update On House Of The Dragon Season 3 Has Me Both Pumped And Bummed
- I’m Adoring All The Love Demi Moore And Bruce Willis’ Daughters Are Sending The Actress After Her Golden Globes Win
- Sky Force actor Veer Pahariya gifts his locket to paparazzo; debutant’s sweet gesture goes viral: WATCH
2025-02-10 18:45