๐Ÿ’ฐ Saylor’s Bitcoin Bonanza: STRK Soars to $584M! ๐Ÿ’ธ

In a twist of financial legerdemain, Michael Saylor, the maestro of MicroStrategy, has conjured a social media spell on the X network. With a flourish and a tweet, he revealed not a paltry $250 million, but a sum that dances with the moon: $584 million for the Strike Preferred Stock Offering. ๐ŸŒ™๐Ÿ’ฐ

As if pulling a rabbit from a hat, Saylor produced a press release, detailing the magical increase in the STRK offering to a neat 7,300,000 shares of Series A Perpetual Strike Preferred Stock. At $80.00 a pop, these shares promise an endless 8% dividend yield, like a fountain of coins that never dries. ๐Ÿ‡๐ŸŽฉ

MicroStrategy announces pricing of its Strike Preferred Stock ($STRK) Offering and upsizes the deal from $250M to $584M $MSTR

โ€” Michael Saylorโšก๏ธ (@saylor) January 31, 2025

According to the mystical document shared by the wizard Saylor, on February 5, the stock shall be conjured and sold, aiming to raise a sum that would make Croesus weep with joy: $584 million instead of the initially proposed $250 million. And the preferred liquidation price? A round $100 per share, like a golden apple in a tree of prosperity. ๐ŸŽ๐Ÿ’ธ

For the lucky STRK holders, a magical conversion awaits. On any given business day, they can turn their STRK into MicroStrategyโ€™s class A common stock, at an initial rate that would make even the great Houdini envious. ๐ŸŽฉโœจ

In a testament to his alchemical prowess, Forbes has featured the grand Saylor on its cover, dubbing him โ€œThe Bitcoin Alchemist.โ€ The tale within speaks of a man and his company, MicroStrategy, who, in the midst of a pandemic, began amassing Bitcoin like a dragon hoarding gold. Saylor, with a wave of his hand, dismissed the US dollar as mere trash and instead embraced the shiny BTC. And now, with $1.1 billion worth of Bitcoin acquired, they hold a treasure trove of 471,107 BTC, worth a fortune that would make Midas blush. ๐Ÿ‰๐Ÿ’ฐ

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2025-01-31 17:33