Michael Saylor’s Bitcoin Obsession: $21 Billion Stock Offering to Buy More Crypto! 🚀💰

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Ladies and gentlemen, gather ’round! Strategy, formerly known as MicroStrategy (because apparently, “Micro” wasn’t ambitious enough), is at it again. This time, they’re issuing a whopping $21 billion in 8.00% Series A Perpetual Preferred Stock. Why? To buy more Bitcoin, of course! Because when you’re addicted to crypto, you go big or go home. 🤑

Equity financing? Check. Debt financing? Check. Operating cash flow? Check. Selling your soul to the blockchain? Double check. Strategy is pulling out all the stops to keep its Bitcoin hoard growing faster than a teenager’s acne during finals week. 🧑‍💻

But wait, there’s more! This isn’t a one-and-done deal. Oh no, they’re selling these shares gradually, like a slow drip of caffeine into your bloodstream. The shares, trading under the Nasdaq symbol “STRK” (because “MSTR” was too mainstream), will be sold based on market demand. Because nothing says “financial strategy” like winging it. 🎯

Here’s the kicker: an 8.00% annual dividend, a $100 per share liquidation preference, and terms that mirror previous issuances. Why? Because Michael Saylor has one goal, and one goal only: to buy more Bitcoin. Forget world peace or curing diseases—this man’s mission is to own every last satoshi. 🪙

This isn’t Strategy’s first rodeo. Back in February, they pulled off a similar stunt, and now they’re doubling down on their master plan: $42 billion in funding over three years. Because when you’re playing with Monopoly money, why not go all in? 🃏

Let’s talk numbers, shall we? Strategy currently holds 499,096 BTC, worth around $41.71 billion. With an average cost per BTC at $66,423, they’re sitting on a 25.83% unrealized gain. Their stock is performing at $274.11 per share, with a market cap of $74.7 billion. And here’s the kicker: Bitcoin makes up 55.8% of Strategy’s market cap. That’s not a strategy—that’s a full-blown Bitcoin cult. 🙌

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2025-03-10 15:34