Michael Saylor’s $21B Bitcoin Gamble: Genius or Madness? You Decide! 🚀💰

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Mr. Michael Saylor, perennial enthusiast for all things mathematical and ostentatiously digital, has been busily proving that reckless abandon is, at times, a man’s soundest investment principle. The founder and eternal helmsman of the whimsically named “Strategy”—never one to let a bandwagon pass unboarded—now presides over a war chest containing precisely 592,345 Bitcoins, which, for those who care for such things, makes Strategy the corporate king of Coin Mountain. 👑

Obtained, on average, for the paltry sum of $70,702 per coin—hardly the price of a modest pied-à-terre in London—these Bitcoins now sit smugly in a digital vault as the ticker creaks upward towards an extravagant $106,824. The arithmetic (never Saylor’s enemy) proclaims a total hoard value of $63.28 billion and an unrealized gain of $21.3 billion. This gain, of course, is still “unrealized,” much like Saylor’s childhood dream of command in the Royal Navy—fanciful, but entertaining to count.

Saylor, the tireless sophist, has long sermonized on the moral superiority of the digital doubloon over the plebeian dollar. His favourite approach—dollar-cost averaging, or, as it’s known in polite circles, buying come rain or market calamity—was once deemed reckless, a charge that usually ends with the culprit in the dock, but now earns him applause (and gentle envy) from less adventurous souls.

Strategy’s share price ($MSTR), meanwhile, flounces at $393.24 a pop—if such somersaults can be dignified as “trading”—and a market cap of $107.51 billion, which the company’s PR staff assures you is entirely justified. Investors, ever the romantics, have decided Bitcoin is here to stay and price the company accordingly—if by “accordingly” you mean a 1.67x premium to NAV and a collective leap of faith that would terrify even the most robust insurance underwriter.

Naturally, a few killjoys remain. Jim Chanos and Cliff Asness, those tireless monitors of orthodoxy, clutch their pearls with professional precision. Chanos points out—dare we say, pedantically—that borrowed money must still be repaid even if Saylor’s digital tulips wither, while Asness muses darkly that stock makes poor currency if both Bitcoin and the company tumble.

So, is Michael Saylor a visionary captain or the financial equivalent of Captain Mainwaring? Either way, nobody can call him dull. Onward, to the next moonshot! 🚀

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2025-06-27 19:30