Well, well, well! Former Strategy CEO Michael Saylor has confirmed that the company is on a Bitcoin-buying spree that would make even Scrooge McDuck jealous! 🦆💰 They’re aiming to surpass a whopping 500,000 BTC in total holdings. Talk about a digital treasure hunt!
Saylor, with his usual flair, has quipped that they have a strategy to eclipse that target. I mean, who needs a crystal ball when you have a strategy, right? 🔮
And guess what? Strategy is now just 904 BTC away from hitting that half-a-million mark! That’s like being at the finish line of a marathon and realizing you forgot your running shoes! 🏃♂️💨
Earlier today, Strategy announced they purchased roughly $2 billion worth of Bitcoin. That’s the biggest purchase of the year so far! I hope they remembered to check their bank balance before hitting “buy”! 💳💥
Who is selling then? 🤔
In a plot twist worthy of a soap opera, the price of the leading cryptocurrency recently dipped below the $94,000 level, reaching an intraday low of $93,877. Someone call the drama police! 🚨
Blockstream CEO Adam Back has attributed the recent Bitcoin selling to short-term speculators. You know, the folks who buy high and sell low—classic! He noted that ETFs and Strategy are gobbling up Bitcoin at a rate four times the daily mined supply. It’s like a buffet where everyone’s trying to get the last slice of pizza! 🍕
And let’s not forget, a major Bitfinex is now in the process of actively accumulating Bitcoin. It’s like a game of musical chairs, but with digital coins! 🎶
Saylor’s SEC meeting 🕵️♂️
In other news, Saylor recently had a meeting with the SEC’s crypto task force on Friday. I can only imagine the awkward small talk—“So, how about that Bitcoin, huh?”
The SEC website shows they discussed token taxonomy, specific types of digital assets, and other issues. Sounds riveting! But despite all this excitement, the shares of Strategy are down 2% over the past 24 hours. Talk about a rollercoaster ride! 🎢
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2025-02-24 21:13