MicroStrategy’s Shocking Bitcoin Hiatus: What’s Going On? 🤔💰

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Ah, dear audience! Gather ’round as we unveil the latest antics of the illustrious Michael Saylor and his merry band at MicroStrategy, now whimsically dubbed “Strategy.” It appears our gallant knights of cryptocurrency have decided to take a most unexpected sabbatical from their Bitcoin buying spree! 🏰💸

MicroStrategy Halts Bitcoin Purchase And Shares Sale

In a most curious press release, Strategy has proclaimed that last week was devoid of any Bitcoin acquisitions or the sale of their precious shares! A most peculiar turn of events, indeed, for a company that has been on a Bitcoin shopping spree for thirteen of the last fourteen weeks! One might wonder if they’ve misplaced their wallets! 🧐

Just the week prior, our intrepid adventurers announced a grand acquisition of 7,633 BTC for a staggering $742 million! This marked their first foray into Bitcoin after their whimsical rebranding from MicroStrategy to Strategy. How clever! And yet, it also signifies the thirteenth purchase in a mere fourteen weeks, with the previous week being the sole exception. A true feat of consistency, if only they could maintain it! 🎩

But wait! The plot thickens! Strategy’s failure to sell any shares last week is equally noteworthy. After all, they rely on the proceeds from these sales to fund their Bitcoin escapades. Earlier this year, they raised a princely sum of $563 million through their STRK preferred stock offering. One can only imagine the raucous celebrations that must have ensued! 🍾

And lo! The press release also revealed that our dear Strategy still clutches a treasure trove of 478,740 BTC, acquired for a princely sum of $31.1 billion at an average price of $65,033 per Bitcoin. Truly, they remain the sovereign rulers of Bitcoin holdings among public companies! Long may they reign! 👑

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2025-02-18 16:50