When Strategy Dances with $21B: A Bitcoin Ballet! 💃🕺

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Ah, dear reader, gather ’round as we unveil the grand spectacle of Strategy, once known as MicroStrategy, now preparing to raise a staggering $21 billion! Yes, you heard it right! This is not a mere tale of stock offerings; it’s a theatrical performance to fund their insatiable appetite for Bitcoin! 🎭

In a rather audacious move, they’ve decided to sell Class A Strike Preferred Stock (STRK) — a name that sounds like a spell from a wizard’s tome, doesn’t it? This magical stock will grant them the flexibility to raise funds faster than a cat can chase a laser pointer! 🐱💨

But wait! This isn’t just any stock sale; it’s part of their “21/21” roadmap, a plan so ambitious it could make even Don Quixote blush! They aim to raise and invest a whopping $42 billion in Bitcoin, all while the price of Bitcoin does its best impression of a rollercoaster ride! 🎢

Strategy Seeks 21B

Leading this circus is none other than Michael Saylor, the executive chairman, who champions Bitcoin like a knight in shining armor! ⚔️ He’s already amassed a treasure trove of approximately 499,096 BTC, worth over $41 billion! That’s a lot of digital gold, folks! 💰

Now, let’s talk about STRK. This isn’t your grandma’s stock; it’s a perpetual preferred stock! No maturity date, no fixed redemption period — just a delightful 8% dividend for investors, as long as Strategy keeps the lights on! It’s like a never-ending buffet of returns! 🍽️

However, the market has spoken! STRK took a little tumble, down 2.1% last week, as if it were trying to do the limbo! And between March 3 and March 7, Strategy couldn’t lure in new buyers for its Class A common stock. Perhaps they were too busy binge-watching their favorite shows? 📺

Yet, fear not! Strategy remains steadfast in its Bitcoin quest, using the capital from share sales to expand its digital hoard. They’ve become the largest corporate holder of Bitcoin, a true titan in the cryptocurrency arena! 🏆

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2025-03-10 21:45