In a most curious turn of events, the esteemed co-founder of Strategy, Mr. Michael Saylor, has once again graced his followers with the much-anticipated Bitcoin (BTC) chart, a ritual he seems to observe with the fervor of a Sunday service. After a week-long hiatus from the acquisition of this digital currency, he hints at yet another foray into the world of Bitcoin on the morrow. How thrilling! 🎉
With a flourish of wit, he declared, “Death to the blue lines. Long live the green dots,” to his legion of 4.1 million admirers on the platform known as X. One cannot help but wonder if he has taken to heart the age-old adage of “out with the old, in with the new.” 😂
As per the esteemed SaylorTracker, our dear Strategy now possesses a staggering 471,107 BTC, a treasure trove valued at approximately $45.3 billion, following a rather audacious purchase of 10,107 BTC on the 27th of January. One might say they are rather fond of this digital gold! 💰
In the midst of a recent rebranding and the rather lackluster price movements of their stock, the company remains steadfast in its pursuit of Bitcoin for its corporate treasury strategy. A most noble endeavor, indeed!
MicroStrategy rebrands to “Strategy”
On the 5th of February, MicroStrategy, in a fit of creative inspiration, rebranded itself as “Strategy,” adopting the Bitcoin logo and a marketing scheme that would make even the most ardent Bitcoin enthusiast swoon. Truly, a name that reflects their ethos and core operations, if ever there was one!
In a statement that could only be described as grandiloquent, CEO Phong Le proclaimed, “Strategy is innovating in the two most transformative technologies of the twenty-first century — Bitcoin and artificial intelligence. Our new name powerfully, and simply, conveys the universal and global appeal of our company.” One can only hope that such lofty ambitions do not lead to a fall from grace! 😏
On the same day, the company conducted an earnings call to discuss the rather disheartening Q4 2024 financial results. They reported a revenue of $120.7 million for their software business, a decrease of 3% year-over-year, and a rather alarming loss of $640 million for the quarter. Oh dear! 😬
Yet, undeterred by such financial woes, the company continued its aggressive accumulation of BTC, with Q4 2024 marking their most significant quarterly addition of Bitcoin in terms of sheer numbers. A most audacious strategy, indeed!
In this quarter alone, Strategy acquired 195 BTC and outlined several bullish price catalysts for BTC in the year 2025. These included a potential framework for digital assets in the United States, political support for Bitcoin, improvements to existing BTC exchange-traded funds (ETFs), and a delightful increase in institutional adoption. How positively optimistic! 🌟
As for the company’s stock, it currently trades at around $327 per share, a nearly 40% decline from its all-time high of approximately $543 per share recorded in November 2024. A rather dramatic fall, one might say!
Despite this tumultuous trading range since its peak, Strategy remains above its 200-day exponential moving average (EMA), a critical level of support for any market-traded asset. Let us hope they can maintain their footing amidst the ever-changing tides of fortune!
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2025-02-09 22:18