So, while Bitcoin is taking a nice little nap—just chilling in sideways mode—guess what Strategy is up to? Oh, just casually dropping another $740 million like it’s pocket change! 🤦♂️
Strategy? More Like Gamble-ology!
Michael Saylor, the Strategy Chairman, decides it’s a lovely day to make an announcement on X. I mean, who doesn’t love a good chance to brag about making another massive Bitcoin purchase? He practically shouted from the rooftops—“Look, I bought 6,220 BTC for a neat $739.8 million!” Oh, and now they’re swimming in a pool of 607,770 BTC, with a grand total of $43.61 billion just lounging around. Nice work if you can get it! 💸
According to the paperwork filed with the SEC—because apparently even billionaires need to play nice—they did this between July 14th and July 20th. That week? Oh, just another boring Bitcoin plateau. But Strategy? Completely undeterred! An absolute thrill-seeker in a world of eternal sideways. 🎢
In typical Saylor fashion, he threw out a classic teaser on X: “Stay Humble. Stack Sats.” Yeah, right! What a humble flex! Here’s the chart he shared, in case you want to feel bad about your own investment choices.
Then there’s this crypto analyst named Maartunn, who decided to throw in another chart, talking about where this latest purchase fits in with previous moves. It’s like a family reunion for bad financial decisions!
You’d think it’s a big deal, but in the grand scheme? Not exactly a kingpin. But hey, since Bitcoin’s going for the all-time high title, $740 million seems a bit on the pricey side. 🤷♂️
And wait, there’s more! There’s another chart showing their profits—because why not remind everyone who’s actually winning? Unrealized gains sitting at a jaw-dropping $28 billion, which is over 64% in the green. Must be nice! 🤑
In an astonishing plot twist, Maartunn pointed out that Bitcoin’s Open Interest isn’t really doing much while altcoins are seeing a frenzied uptick. It’s like watching a great race where one horse decides to stop for a snack. 🐢🍔
So, what’s happening? Looks like every time BTC and altcoins diverge this way, something big goes down. And by “big,” I mean a much-needed trip to reality. Let’s see if history repeats itself. Or if we’re just in for more sideways shuffling. 🤞
Speaking of Prices…
As I pen this little masterpiece, Bitcoin is playing around the $117,800 mark—down nearly 2% in the past week. Just imagine being stressed over that!
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2025-07-22 15:14