Strategy just bought another 4,048 bitcoins for a casual $449.3 million – because hey, who needs a beach house when you can own 636,505 shiny internet coins worth a lukewarm $70 billion?
Bitcoin treasury whizzes, formerly known as MicroStrategy (because “Strategy” sounds cooler, right?), dropped a bomb on the U.S. Securities and Exchange Commission’s inbox. According to their fancy filing, they snagged 4,048 bitcoins between Aug. 26 and Sept. 1 – at a bargain basement average price of $110,981 each. They financed this little shopping spree by printing money in the form of Class A common stock and perpetual preferred shares. Basically, “Hey shareholders, we got this… maybe.”
Now, Strategy owns a breathtaking 636,505 bitcoins, bought for a mere $47 billion at an average cost of $73,765 per coin. That’s like collecting Beanie Babies but with way more zeros. Their mastermind co-founder and executive chairman, Michael Saylor, couldn’t resist showing off on X – because if you don’t tweet your digital fortune, did it even happen? See the brag here.
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2025-09-02 15:57