MicroStrategy’s BTC Obsession: Buying Spree Continues Despite Market Pullback 🤑🚀

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Well, would you look at that! Business intelligence firm MicroStrategy 📊 has just announced another round of Bitcoin (BTC) purchases. Yes, folks, they’ve bought 10,107 BTC for a cool $1.1 billion. Talk about a shopping spree! With this, MicroStrategy’s BTC stash now stands at a whopping 471,107 coins. That’s enough to make even Satoshi Nakamoto do a double-take 😎.

MicroStrategy: Unfazed by the Crypto Slump 🌪️

While the crypto market cap has taken a tumble, going from $3.75 trillion to $3.55 trillion, Michael Saylor’s MicroStrategy is sticking to its guns. The company’s latest BTC purchase was made at an average price of $105,596 per coin. Their total holdings are now worth around $30.4 billion, with an average acquisition cost of $64,511 per Bitcoin. They’re playing the long game here, folks 🏃‍♂️💨.

Michael Saylor took to X (formerly known as Twitter) to share that the year-to-date (YTD) BTC Yield is currently at 2.90%. For those scratching their heads, BTC Yield is a crucial metric that helps measure the performance and strategic value of BTC as a corporate treasury asset. It’s like the Bitcoin version of a piggy bank, but way cooler 🐷💰.

Enter Peter Schiff, the financial commentator who’s never shy about sharing his opinions. He pointed out that MicroStrategy’s average Bitcoin purchase price keeps climbing, and warned that it might not be long before the company’s entire Bitcoin position could take a hit. But hey, what’s life without a little risk, right? 🎲…

MicroStrategy isn’t just buying Bitcoin; they’ve also filed a shelf registration statement with the SEC. This means they can pre-register securities and keep them “on the shelf” for up to three years, allowing them to issue securities whenever they want without having to go through the whole registration process again. It’s like having a secret stash of cookies 🍪🍪.

As of January 23, 2025, MicroStrategy had 231,632,665 outstanding shares of Class A common stock and 19,640,250 outstanding shares of Class B common stock. And if that wasn’t enough, Saylor announced a new convertible preferred stock offering for institutional and select retail investors. They’re really going all in on this crypto thing 🚀🔥.

Donald Trump: The Unexpected Crypto Messiah? 🤔👑

Following Donald Trump’s win in the November US presidential election, more companies are expected to embrace crypto assets as part of their corporate treasury strategies. Remember, Trump promised favorable cryptocurrency regulations during his campaign. Who knew he’d have such an impact on the crypto world? 🤔…

However, MicroStrategy might have some tax headaches coming its way. Reports suggest the company could owe over $19 billion in taxes on unrealized gains from its Bitcoin holdings. At the time of writing, BTC is trading at $101,648, down 2.9% in the past 24 hours. It’s a rollercoaster ride, folks, so hold on tight! 🎢…

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2025-01-28 05:13