🤑 Strategy’s Wild Bitcoin Binge: 168 Coins, $18M, and a Dash of Madness! 🚀

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Key Takeaways (Or How to Spend Like There’s No Tomorrow)

How does Strategy fund its Bitcoin spree? 🧐

Well, bless their hearts, they’re slinging perpetual preferred stocks (STRK, STRF, STRD, STRC) like hotcakes at an at-the-market (ATM) sale. Toss in their “42/42” equity plan, and you’ve got a financial circus worthy of Barnum & Bailey. 🎪

How did the market react? 🤔

MSTR stock strutted its stuff at $296.61, up 2.33%, while Bitcoin took a nap at $107,792.91 after a 3.14% tumble. Markets, eh? More fickle than a cat in a room full of rocking chairs. 🐱

Behold, the Bitcoin treasure hunter, Strategy (formerly MicroStrategy), doubling down on its hoard like a dragon guarding its gold. 🉑 Despite the market’s rollercoaster antics, they’ve snatched up 168 BTC for a cool $18.8 million, averaging $112,051 per coin. And this, my friends, after the Black Friday crypto crash on October 10th. Talk about buying the dip with a side of audacity! 🛒💸

Between October 13th and 14th, they sealed the deal, bringing their grand total to 640,418 BTC. Average cost? A mere $74,010 per coin. Someone fetch this company a crown-they’re the kings of HODL. 👑

Strategy’s Funding Shenanigans

How’d they pay for this crypto carnival? By peddling their perpetual preferred stocks (STRK, STRF, STRD) like lemonade on a summer day. Their ATM programs are no joke: $21 billion for STRK, $4.2 billion for STRF, and another $4.2 billion for STRD. Oh, and let’s not forget the $2.1 billion for STRC, all part of their “42/42” plan. That’s $84 billion in equity offerings and convertible notes by 2027. Y’all, they’re playing chess while the rest of us are still figuring out checkers. ♟️

Their original “21/21” strategy? Upsized faster than a Thanksgiving turkey. 🦃 Strategy’s commitment to Bitcoin is like a bad habit-expensive, but they’re sticking to it.

Meanwhile, MSTR stock was caught smirking at $296.61, up 2.33%, according to Google Finance. Someone’s feeling pretty smug. 😏

Strategy’s Unwavering Bitcoin Faith (Or Folly?)

Critics like Peter Schiff are clutching their gold bars and shaking their heads, but Strategy’s not batting an eye. They’re the poster child for institutional Bitcoin adoption, whether the world likes it or not. 🌍

According to BitBo, they’re sitting on 640,031 BTC, valued at a jaw-dropping $71.84 billion. That’s right-they’re the biggest corporate Bitcoin whale in the sea. 🐳

So, what’s the moral of this tale? Strategy’s either a genius or a madman. Either way, they’re making the rest of us look like we’re playing with Monopoly money. 🎲💰

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2025-10-22 01:30