Oh, you thought your crypto wallet was impressive? Let me introduce you to Strategy (Nasdaq: MSTR/STRK/STRF/STRD), the overachiever of the financial world. They just wrapped up their IPO by selling 28,011,111 shares of something called “Variable Rate Series A Perpetual Stretch Preferred Stock” (because *of course* it’s called that) at $90 a pop. Cha-ching! That’s $2.521 billion in the bank—or rather, in their Bitcoin wallet. 💸
After paying the fine folks who made this happen (you know, the underwriters and their fancy spreadsheets), they were left with a cool $2.474 billion. And what did they do with all that cash? Oh, just went on a Bitcoin shopping spree like it’s Black Friday. They bought 21,021 bitcoins—yes, you read that right—at an average price of $117,256 per coin. Because why not? 🛒✨
Now, let’s take a moment to appreciate the sheer audacity of this move. Their total Bitcoin stash is now sitting pretty at approximately 628,791 coins. That’s not a typo. SIX HUNDRED TWENTY-EIGHT THOUSAND. All acquired for about $46.8 billion, which works out to an average purchase price of $73,227 per bitcoin (fees included, naturally). Michael Saylor, CEO and apparent wizard of finance, even bragged on Twitter that they’ve achieved a 25.0% Bitcoin yield year-to-date. So basically, they’re making money while we’re here debating whether or not to invest in Dogecoin. 🐶📈
And hey, fun fact: STRC is officially the largest U.S. IPO of 2025. It’ll start trading on the Nasdaq Global Select Market around July 30, 2025. Mark your calendars if you want to see how this rollercoaster unfolds—or just sit back and watch from the sidelines while eating popcorn. 🍿 Either way, Strategy’s clearly playing a whole different game than the rest of us mere mortals.
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2025-07-29 23:37