Bitcoin Gains: The Hilarious Tale of a Strategy Gone Awry!

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Well now, gather ’round, folks, for a tale of our dear friend Joe Weisenthal, the co-host of Bloomberg’s “Odd Lots” podcast, who recently took a mighty swing at Strategy’s Bitcoin gains. It seems he found their performance as amusing as a cat in a room full of rocking chairs. 🐱

“Imagine investing in Bitcoin for years and years, and you’re only up like 30%?” he quipped, as if he were discussing the weather rather than a financial strategy. One might think he was jesting, but alas, he was quite serious! 😂

Now, after a recent splurge of $15 million on Bitcoin, this company’s treasure chest is nearing the grand total of 500,000 BTC. Their average purchasing price has climbed to a staggering $62,000, which is about as sensible as a screen door on a submarine. 🚢

As you might expect, this cheeky comment has ruffled a few feathers in the Bitcoin community. Some of the more spirited members pointed out that the company’s stock has soared by nearly 2,200% since the former CEO, Michael Saylor, decided to take the plunge into the Bitcoin waters. Talk about a rollercoaster ride! 🎢

Then we have the ever-eloquent angel investor, Jason Calacanis, who’s known for his sharp tongue and sharper opinions. He mused that if Strategy keeps buying Bitcoin, their average price might just catch up to their current price. A real nail-biter, that one! 🧐

And just when you thought the plot couldn’t thicken any further, the company announced its grand plan to fund more Bitcoin purchases by issuing 4 million shares of a perpetual preferred stock. Because why not add a little more spice to the mix? 🌶️

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2025-03-18 21:54