MicroStrategy’s Bold Move: $21 Billion for Bitcoin – Is This Genius or Madness?

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In a world where fortunes are made and lost with the flick of a digital coin, behold the audacious spectacle of MicroStrategy, now whimsically dubbed Strategy! This bold enterprise has unfurled its grand design to amass a staggering $21 billion, all in the name of Bitcoin. Yes, you heard it right! They plan to offer their preferred stock, as if it were candy at a fair, to fund this ambitious quest for the elusive cryptocurrency.

MicroStrategy To Raise $21 Billion To Buy More Bitcoin

In a press release that could make even the most stoic of souls chuckle, MicroStrategy has laid bare its intentions to raise up to $21 billion for the sole purpose of acquiring more Bitcoin. This announcement follows their recent foray into a sales agreement, allowing them to issue and sell shares of their 8.00% series A perpetual strike preferred stock at a mere $0.001 par value per share. It’s a financial circus, and the ticket price is a pittance compared to the potential jackpot!

Strategy, in its infinite wisdom, has declared that it will sell this perpetual strike preferred stock through the at-the-market (ATM) Program, and they promise to do so in a “disciplined manner.” One can only imagine the boardroom discussions, filled with serious faces and the occasional snicker, as they ponder the trading price and volumes of their precious stock at the time of sale. It’s like watching a game of chess, but with more zeros involved!

And what will they do with the spoils of this grand venture, you ask? MicroStrategy has assured us that the net proceeds from the ATM Program will be used for general corporate purposes, which, of course, includes the acquisition of more Bitcoin and, let’s not forget, working capital. Because what’s a little madness without a dash of practicality? 😂

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2025-03-10 15:40