Bitcoin Bonanza! Strategy Snags 1,895 BTC for a Staggering $180 Million!
Hold Onto Your Wallets! The Bitcoin Craze is Back!
In an earth-shattering move that has the crypto world buzzing, Bitcoin proxy Strategy just stacked an incredible 1,895 BTC—pushing their jaw-dropping trove to a mind-boggling 555,450 BTC, which accounts for a stunning 2.6% of the entire Bitcoin supply! Talk about being all in!
Cash In and Cash Out! How Did They Do It?
How did they pull off this colossal coup? By offloading shares of their Class A common stock (MSTR) and Series A preferred stock (STRK)—a sacrifice that raked in about $180 million in cold, hard cash. Last week alone, they sold over 353,000 MSTR shares and nearly 575,000 STRK shares. That’s some serious moolah!
Four Weeks, Four Wins! This is Just the Beginning!
This latest acquisition marks their fourth consecutive week of Bitcoin buying frenzy! Just last week, the firm revealed a jaw-dropping $1.4 billion spent on BTC during the week ending April 27.
But here’s the kicker—the price of Bitcoin is hanging around $94,000. It dropped by 1.5% in the last 24 hours, and with the Federal Reserve poised to announce the latest interest rate decision, you can bet the volatility is about to ramp up!
Trump vs. The Fed – Who Will Win?
While former President Trump has been on his soapbox urging the Fed to cut interest rates, the central bank seems unfazed. No rate cuts are expected at this week’s policy meeting, so hold on tight folks, we’re in for a bumpy ride!
Unrealized Gains Galore! Strategy’s Treasure Trove!
Despite recent fluctuations, Strategy’s BTC holdings reflect an astonishing $14 billion in unrealized gains! Yes, you read that right—billion with a B! The company is doubling down on its aggressive accumulation strategy, even after a dismal Q1 earnings report.
Last week, the Michael Saylor-led giant reported a staggering $4.2 billion net loss, attributed mainly to an unrealized markdown worth $5.9 billion under those pesky new fair value accounting rules. But don’t count them out yet! Strategy is eyeing another $21 billion boost to continue its Bitcoin buying spree and aims to amp up its BTC yield target to a whopping 25%, eyeing $15 billion in dollar gains.
Get your popcorn ready, folks—the Bitcoin saga is just heating up!
