Oh joy, oh rapture! Michael Saylor’s Strategy is at it again, throwing all caution (and cash) to the wind in pursuit of the ultimate Bitcoin hoard 🤑. As of March 18, they’ve launched “Strife” (aptly named, if you ask me 🙄), a perpetual preferred stock offering for the institutional bigwigs and select non-institutional cool kids. The deets? A juicy 10% coupon (up from 8% – because who doesn’t love a good interest rate? 🤑) and no common share conversion clause (phew, simplicity!).
So, what’s the master plan for the loot? *dramatic pause* General corporate purposes, including (you guessed it!) Bitcoin acquisition and working capital 🚀. Because, priorities.
Fast forward to Friday (March 24), and Strategy’s all, “Hey, we’ve upsized the Strife deal from $500 million to $722.5 million!” 🤑 (8.5 million shares of Series A Perpetual Strife Preferred Stock for $85 each, if you’re counting). That’s a whopping $711.2 million raised, with the initial goal being a mere $500 million. Overachievers, much? 🙃
As of last check, Strategy’s Bitcoin stash boasts over 499,200 Bitcoin. The next purchase might just push them over the edge to a cool 500,000 BTC 🎉. Because, milestones.
Everyone Wants a Winning Strategy (Apparently)
Michael Saylor took to X (naturally 📱) to announce the $722.5 million raise, because what’s a funding round without a bit of social media flair? 🤑
Everyone wants a winning @Strategy
— Michael Saylor⚡️ (@saylor) March 21, 2025
Saylor’s next tweet was a real brain twister: “Everyone wants a winning strategy.” 🤯 Mind. Blown. This might (just might) explain the relentless Bitcoin buying spree 🤑.
Under Saylor’s fearless leadership, MicroStrategy has become the ultimate Bitcoin whale 🐳, with holdings worth a staggering $42 billion. They’ve been on a buying binge since late October, with no signs of slowing down 🏃♂️.
The plan? Raise $42 billion over the next few years by selling securities to fund Bitcoin acquisitions, with a growing emphasis on fixed-income assets (because, stability 🙏).
At press time, Bitcoin was valued at $84,386. Because, volatility 🎢.
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2025-03-22 16:03