Bitcoin Bonanza: Strategy’s $2B Bet!

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Oh hai! Strategy, aka the former MicroStrategy, is throwing $2 billion into convertible notes. Why? To snag more Bitcoin, obviously! And maybe cover the electric bill. 🤑

These notes are the party kind: 0% coupon, maturing on March 1, 2030. Got a grand? That’ll get you 2.3072 shares of Strategy’s Class A stock at a cool $433.43 each. That’s a 35% “Hey, big spender!” premium over the current price.

But wait! The conversion rate and price might change. It’s like a suspense novel, but with numbers. 📉📈

Strategy’s pitching this to institutional investors. They can grab an extra $300 million in notes. It’s like a shopping spree, but for bonds. 🛍️

This Bitcoin buying binge is turning heads. Some folks are high-fiving, others are side-eyeing. It’s a drama fest! 🤼

Strategy’s on a Roll, Even with a Q4 Oopsie

After MicroStrategy’s makeover to Strategy, BlackRock, the big kahuna of asset managers, upped its stake to 5%. Talk about a power move! 💪

Strategy’s shares got a 2.8% boost on Feb. 7. Thanks, BlackRock! You’re the trillion-dollar sugar daddy. 💸

They bought 7,633 BTC on Feb. 10. Now they’ve got 478,740 BTC, worth a jaw-dropping $46.4 billion. That’s a lot of zeros! 🤯

SaylorTracker says Strategy’s sitting on $15 billion in unrealized gains. They’re up 49% on their BTC bet. Who’s the genius now? 🧐

Even 12 US states are in on the action, holding $330 million in Strategy stock. California, Florida, Wisconsin, and North Carolina are the big players. It’s like a poker game, but with state funds. 🃏

Strategy’s Q4 2024 report? They bought a whopping 218,887 BTC, their biggest splurge ever. But hey, it came with a $670-million loss. Whoops! 🤑🤖

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2025-02-20 19:49