Bitcoin’s Wild Ride: Saylor’s Hilarious Take on the 7.11% Plunge!

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Gather ’round, dear readers, for a tale of Bitcoin, the digital gold that dances like a cheeky monkey! Our hero, Michael Saylor, the grand poobah of Strategy, has taken to the Twitter skies to share his thoughts on the latest Bitcoin tumble—a whopping 7.11%! Oh, what a sight to behold! 🎢

In a tweet so short it could fit in a teacup, Saylor declared, “Bitcoin is on sale!”—and he even swapped the “s” for a dollar sign! Clever, eh? 💰

₿itcoin on $ale

— Michael Saylor⚡️ (@saylor) February 24, 2025

Bitcoin Takes a Nosedive, But Wait—Is It Bouncing Back?

In the last 24 hours, Bitcoin, the king of cryptocurrencies, decided to take a little dip, losing its crown jewel price of $95,610 and plummeting to a mere $88,820. Oh, the drama! 🎭

What caused this ruckus, you ask? Well, it seems Donald Trump’s tariffs against our friendly neighbors, Canada and Mexico, are set to kick in on March 4. Talk about a party pooper! 🎉 But that’s not all—there were massive liquidations in the crypto market, and a staggering $552.5 million fled from spot Bitcoin ETFs like it was a sinking ship!

And just when you thought it couldn’t get any wilder, Elon Musk decided to send letters to federal employees, demanding a report on their week’s achievements. If they don’t comply, he might just give them the boot! Several agencies are already throwing legal tantrums over this demand. Oh, the chaos! 🤪

Strategy Goes Big: $1.99 Billion for Bitcoin!

Now, hold onto your hats, folks! Saylor tweeted that his company, Strategy (formerly known as MicroStrategy), has gobbled up 20,356 Bitcoins for a jaw-dropping $1.99 billion! That’s about $97,514 for each shiny Bitcoin! 💸

Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR

— Michael Saylor⚡️ (@saylor) February 24, 2025

This grand acquisition came right after the company announced it had completed a $2 billion offering of senior convertible notes to institutional investors. After all the fees were deducted, they raised a neat $1.99 billion. And guess what? They used it to buy more Bitcoin! Shocking, I know! 😲

As of now, Strategy is sitting on a treasure trove of 449,096 BTC, worth around $33.1 billion! And Saylor, the ever-ambitious captain, has his eyes set on holding 500,000 Bitcoins. Just a smidge under 1,000 BTC to go! Can you feel the excitement? 🎉

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2025-02-25 12:14