Markets 🤑
What to know: (Because You’re Clearly Not Busy Enough) 😏
- MSTR (aka the company that’s more into Bitcoin than your ex is into drama) just dropped $22.1 million on 196 BTC. Average price? A cool $113,048. 🤑
- Their total stash now? 640,031 BTC. Average cost? $73,983. Someone’s got a serious crypto crush. 💘
- How’d they pay? Oh, just by selling common stock and issuing perpetual preferred stock. Casual. 🤷♀️
So, MSTR (aka the Bitcoin hoarder) announced on Monday that they’ve added another 196 BTC to their already massive pile, bringing their grand total to 640,031 BTC. The latest splurge? $22.1 million at an average price of $113,048 per Bitcoin. Their overall average purchase price is now $73,983. Talk about commitment issues… to fiat currency. 💔
Where’d the cash come from? Oh, just their usual tricks: selling common stock via an at-the-market (ATM) program and issuing perpetual preferred stock. Because why not? 🛒
Meanwhile, MSTR shares jumped 2.5% in pre-market trading, mirroring Bitcoin’s slight rise to $112,000. Coincidence? Probably not. But hey, who’s keeping track? 🤪
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2025-09-29 16:48