Oh, darling, gather ’round! It seems Michael Saylor’s little venture, once charmingly dubbed MicroStrategy, has decided to indulge in yet another Bitcoin spree. Between May 19 and 25, they’ve scooped up a delightful 4,020 BTC, bringing their grand total to a staggering 580,250 BTC. One must wonder, is this a savvy investment or just a case of digital hoarding? 🤔
And what’s this? They’re planning to raise a cool $2.1 billion to buy even more of that shiny digital gold! Meanwhile, the MSTR stock price is doing a rather impressive impression of a sinking ship, down 7% and showing no signs of a rescue mission. Talk about a dramatic turn of events! 🎭
In a press release that surely had the champagne flowing, the company announced its latest acquisition of 4,020 BTC for a jaw-dropping $427.1 million, which translates to an average cost of $106,237 per Bitcoin. One can only imagine the boardroom discussions: “Shall we buy more? Why not!” 🍾
With a BTC yield of 16.8% year-to-date, they’re certainly not doing too shabby. But let’s not forget, this little escapade has cost them a whopping $40.16 billion at an average price of $69,979 per Bitcoin. They remain the reigning champion of Bitcoin holdings among public companies, leaving the second-placed MARA Holdings in the dust. How positively thrilling! 🏆
And just to keep the excitement alive, this marks their seventh consecutive Bitcoin purchase in a period that dates back to… well, who’s counting? It’s all rather riveting, isn’t it? Read more at Coingape.com if you dare! 📈
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2025-05-26 15:26