Bitcoin Bonanza: Strategy Snags a Staggering 20,356 BTC!
In a jaw-dropping move that has the crypto world buzzing, Strategy – the resurgent Bitcoin titan formerly known as MicroStrategy – has just gobbled up an eye-popping 20,356 BTC! That’s right, folks! This latest acquisition propels the company’s total hoard to an astronomical 499,096 BTC, a treasure chest worth a jaw-dropping $33.1 billion!
Saylor Strikes Again: The BTC Battle Continues!
Michael Saylor, the mastermind co-founder and executive chairman of Strategy, took to social media today to share the bombshell news. They inked a deal for those whopping coins at a staggering average price of $97,514 per Bitcoin, shelling out a cool $1.99 billion. The monumental buy took place between February 18 and 23, as revealed in the company’s SEC filing. Now, Strategy’s portfolio doesn’t just pile it high—it now holds more than 2.3% of the total Bitcoin supply of 21 million!
But it doesn’t stop there! This massive Bitcoin scooping spree follows the company’s successful maneuver to generate a jaw-dropping $2 billion with a zero-coupon convertible note offering. These notes are set to mature on March 1, 2030, allowing investors to convert their notes into shares of Strategy’s stock at an exceptional conversion price.
A Master Plan: The $42 Billion Quest!
Strategy is on a full-throttle mission with its ambitious 21/21 Plan, aiming to rake in $42 billion to fund future Bitcoin acquisitions. Can you believe it? So far, they’ve already secured nearly $20 billion! And let’s not forget, Saylor had teased the world about this latest Bitcoin score just a day before the announcement!
Post-announcement, Strategy’s stock (MSTR) is trading at $303.50, climbing a solid 1.27% in the pre-market frenzy! Over the past year, this stock has skyrocketed 345%, leaving Bitcoin’s mere 86.7% growth in the dust!
Crypto Craze: Investors Unfazed by Market Downturn!
While the total crypto market cap has dipped from a massive $3.90 trillion down to $3.31 trillion, investors are still charging ahead! Fueled by rumors of favorable upcoming regulations after Trump’s stunning election win, the enthusiasm for Bitcoin and other crypto assets remains as vibrant as ever!
And wait—there’s more! Other companies like Semler Scientific, Rumble, and Metaplanet are also getting in on the action, making bold BTC purchases this year. At the time of writing, Bitcoin stands at $95,389, slipping just slightly in the last 24 hours.
The excitement is palpable—could this Bitcoin frenzy mean even bigger and bolder moves on the horizon? Buckle up, crypto enthusiasts, because this is just the beginning!
