In a move so audacious it could make a poker-faced casino tycoon smirk, the undisputed titan of corporate Bitcoin holdings, Strategy, has just snagged 6,556 BTC for a staggering $555.8 million. Why? Well, the cryptocurrency had the gall to break through its monthly high of $87,400—an event so rare it could be considered a cosmic anomaly. 😏
So, what happened next? Well, according to a particularly dry regulatory filing addressed to the U.S. Securities and Exchange Commission on April 21 (don’t we just love those), Michael Saylor’s company, formerly known as MicroStrategy, now under the more refined alias of Strategy, purchased 6,556 BTC. This is, of course, the sort of move that makes Wall Street’s collective eyebrow raise in unison, murmuring, “I’d like to see that on a balance sheet!”
On top of that, we learned that the company has achieved an impressive 12.1% BTC Yield year-to-date in 2025. That’s right, they’ve been casually raking in profits while the rest of us try to remember what a “bull market” feels like.
But how did Strategy come into possession of such an astronomical sum of Bitcoin? Brace yourself. The company tapped into its Common ATM (no, not the kind you find at a bank), which refers to the standard at-the-market offering of their common stock. As for STRK ATM? Well, that’s the equivalent, but with preferred stock. A clever little financial trick that lets them sell shares directly on the market to generate capital—oh, and perhaps keep their Bitcoin empire going.
With this latest acquisition, Strategy now holds a jaw-dropping 538,200 BTC, a treasure trove worth approximately $36.47 billion. The average purchase price per Bitcoin? A mere $67,766. Chump change, right? 💸
Meanwhile, Bitcoin decided it was time to flex, breaking through its previous monthly high, hitting $87,638 in the past 24 hours. The last time it crossed the $87,400 threshold was back on March 28—before it went into a slump that even the most optimistic crypto fanatics couldn’t have predicted in early April.
As of now, BTC has surged over 3.5%. It’s currently sitting pretty at $87,273. So, you know, just another day in the volatile, yet oddly predictable world of cryptocurrency.
And don’t think Strategy isn’t keeping up with the pace. Just last week, they bought 3,459 BTC for $285.8 million between April 7 and April 13. That’s right, right before Bitcoin completely failed to hit its previous $100k high. Ouch, but hey, maybe this time they’ve timed it perfectly?
But let’s not forget, in the not-so-distant past, Michael Saylor’s company was considering selling off some of its Bitcoin holdings to pay off a rather disconcerting pile of financial obligations. A rather dramatic contingency plan, considering a massive debt of $8 billion and a hefty $35 million in annual interest payments. Oh, and did I mention $150 million in yearly dividends? Clearly, Strategy’s financials are something of a high-wire act, with a bit of balance, a touch of chaos, and a prayer that Bitcoin doesn’t crash before they secure more financing.
Read More
- Devil May Cry Netflix: Season 1 Episodes Ranked
- Unlock the Magic: New Arcane Blind Box Collection from POP MART and Riot Games!
- Top 8 UFC 5 Perks Every Fighter Should Use
- Unlock Roslit Bay’s Bestiary: Fisch Fishing Guide
- How to Reach 80,000M in Dead Rails
- Unlock the Best Ending in Lost Records: Bloom & Rage by Calming Autumn’s Breakdown!
- Jujutsu Kaisen Shocker: The Real Reason Gojo Fell to Sukuna Revealed by Gege Akutami!
- How to Unlock the Mines in Cookie Run: Kingdom
- You’re Going to Lose It When You See the Next Love and Deepspace Banner!
- MHA’s Back: Horikoshi Drops New Chapter in ‘Ultra Age’ Fanbook – See What’s Inside!
2025-04-21 16:20