Strategy Inc., with the subtlety of a rhino in a china shop, has done the impossible—blowing its initial $500 million bitcoin purchase plan out of the water, pushing it to a colossal $2 billion. Bloomberg, that bastion of financial news, was kind enough to leak this revelation on Thursday, courtesy of an anonymous source who is apparently best friends with “someone who knows someone.”
This bold bitcoin-centric treasury firm, helmed by Michael Saylor—who probably dreams in blockchain at this point—decided to price its Series A Perpetual Stretch preferred shares (STRC) in New York, where everything important happens, apparently. The demand? Oh, just a tiny, insignificant little thing called “massive” interest from investors eager to dive headfirst into the cryptocurrency pool. This, as told by our anonymous source, who has the journalistic integrity of a squirrel on caffeine.
This marks the fourth time Strategy has offered preferred stock to fund its ravenous bitcoin acquisition plan. Why? Because apparently, 607,770 bitcoin isn’t enough for the firm (they might just need a few more). The proceeds? Oh, the usual—general corporate purposes, including more bitcoin and some working capital. But And just to make sure it’s not a one-man show, the likes of Morgan Stanley, Barclays, Moelis & Company, and TD Securities are leading this glorious financial circus.
So there you have it. Strategy is on a mission to buy even more bitcoin, a digital currency that, as of today, could probably replace your morning coffee if you really wanted it to. Stay tuned for the next episode of “How to Buy a Fortune in Bitcoin (and Maybe a Moon or Two)”—because why not?
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2025-07-24 23:57