🤑 Fool’s Gold or Wise Man’s Bet? 🤔

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In the swirling mists of the cryptocurrency world, a clarion call echoes through the digital streets, courtesy of the indefatigable Michael Saylor, the founder and chairman of Strategy (formerly MicroStrategy), that behemoth of Bitcoin fervor. From his pulpit on the X platform, Saylor exhorts his faithful followers to embark on a most noble quest: accumulating Bitcoin, lest they wish to don the cloak of folly.

The Siren’s Call: Buy Bitcoin, Mortal! 🎶

As the clock ticked away over the past 24 hours, Bitcoin, that mercurial mistress, teased with a 2.4% increase, soaring from the $82,390 realm to briefly conquer the $84,350 stronghold, only to slip, then recover, leaving many a investor in a whirlwind of emotions. Amidst this dance, Saylor’s voice rings clear, urging the faithful to seize the dip, to buy Bitcoin, lest they be labeled a fool. 🤡

Irony, it seems, is not lost on Saylor, as evidenced by his AI-generated portrait, clad in the motley of a jester, complete with cap and bells. A poignant reminder that in days of yore, only the fool was privileged to counsel kings. 🤴‍♂️

Don’t be a fool. Buy Bitcoin. 🤑

— Michael Saylor⚡️ (@saylor) April 1, 2025

Just yesterday, on the eve of April’s foolery, Saylor’s Strategy made headlines with the purchase of a staggering $2 billion worth of Bitcoin, adding 22,048 BTC (valued at approximately $1.92 billion) to their coffers, swelling their total Bitcoin holdings to 528,185, a treasure trove valued at roughly $35.63 billion. 📈

The Broker’s Rebuttal: A Sell Rating for Strategy 🚨

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Meanwhile, from the bastions of Wall Street, a contrarian voice emerges. Monness Crespi Hardt, the venerable New York stockbroker, has downgraded Strategy’s rating from “neutral” to “sell”, citing the company’s recent fundraising endeavors as lackluster, with “weaker-than-expected absorption” of shares. A sobering assessment that Saylor’s Bitcoin-centric strategy may have reached a saturation point. 📉

Monness Crespi downgraded Strategy to Sell (from Neutral, PT $220), citing limits on its bitcoin treasury strategy due to weaker-than-expected preferred absorption… 📊

— *Walter Bloomberg (@DeItaone) April 1, 2025

Strategy’s foray into the market with a $700 million offering of perpetual preferred stock, aimed at fueling further Bitcoin acquisitions, reportedly met with lukewarm investor enthusiasm, according to Monness Crespi Hardt’s analysis, as relayed by the Bloomberg Terminal. This lukewarm response has led the broker to question the sustainability of Saylor’s approach in the current market climate. ❄️

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2025-04-01 16:19