Why Strategy’s Bitcoin Stash is the Talk of the Town (and the Internet)!

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Ah, dear Michael Saylor, the illustrious captain of the ship formerly known as MicroStrategy, has declared a most audacious pause in the grand ballet of Bitcoin acquisition. With a staggering 478,740 Bitcoins nestled comfortably in their digital coffers, one might wonder if the company has taken a vow of silence in the realm of new purchases. Indeed, it appears that between the 10th and 14th of February, the company’s coffers remained as barren as a desert, devoid of any new investments in its class A common stock. How utterly thrilling! 🎩

It seems the proceeds from their ATM sales, which are meant to fuel the Bitcoin bonanza, have been put on a rather unceremonious hold. One can only imagine the dramatic pause as the company refrains from its once fervent Bitcoin-buying spree. Perhaps they are waiting for the stars to align or for a particularly persuasive Bitcoin fairy to sprinkle some magic dust? ✨

Strategy, as it is now whimsically dubbed, has become synonymous with Bitcoin-centric endeavors, having poured over $31 billion into this digital treasure since the dawn of 2020. A veritable gold rush, if you will, albeit with a decidedly more electronic flair. 💰

Oh, the Drama! No New Funds, Yet Strategy Clings to Its 478k BTC Reserves

In a riveting revelation last Monday, Strategy unveiled its latest financial escapades. With no new class A common stocks sold during the aforementioned dates, the company has decided to hit the brakes on its Bitcoin-buying frenzy. How positively scandalous! 😱

Last week, @Strategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2/17/2025, we hodl 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin. $MSTR

— Michael Saylor (@saylor) February 18, 2025

As of the latest Sunday, Strategy boasts a collection of 478,470 Bitcoins, each acquired at the princely sum of $65,033. A total expenditure of $31.1 billion, which, if one squints hard enough, might resemble a rather extravagant shopping spree at a digital bazaar. 🛍️

This marks the second occasion that our dear Strategy has abstained from purchasing Bitcoin, citing a rather unfortunate lack of revenues. In early February, the company halted its Bitcoin acquisitions after failing to sell any class A common stocks. Last February 2nd, Saylor’s enterprise held over 471k BTC, purchased for a mere $30.4 billion. How quaint! 🥳

Strategy Reports Positive News Developments (Or So They Say)

In a delightful twist of fate, Strategy has also shared some rather notable financial tidbits and investor developments. The California State Teachers Retirement System (CalSTRS) has decided to increase its holdings in the company, now owning 258.785 shares valued at around $83 million. A most timely investment, one might say, coinciding with Strategy’s rebranding amidst a Bitcoin price surge. How fortuitous! 🍀

Despite reporting a net loss of nearly $671 million in Q4, Strategy remains as optimistic as a cat in a room full of rocking chairs. However, market analysts, with their ever-so-rosy glasses, suggest that the Strategy stock is, in fact, overvalued, with a current ratio of 0.71, indicating a rather tight liquidity. How delightful! 🧐

Strategy’s Bitcoin Plan Remains A Popular Template For Other Firms

Though Strategy’s Bitcoin purchases have hit a rather amusing bump this week, the company continues to reign as one of the most influential crypto entities of our time. Many a small company has taken to mimicking the Strategy playbook, embarking on their own Bitcoin-buying escapades. According to Coinkite, a staggering 78 firms now hold cryptos in their corporate treasuries. How positively revolutionary!

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2025-02-20 14:59