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? 📈
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2025-02-04 17:09