In the grand theater of finance, where fortunes are made and lost with the capriciousness of a summer storm, Michael Saylor, the co-founder of Strategy, has once again taken center stage. This week, after a successful capital raise through a preferred stock offering, Saylor hinted at yet another Bitcoin (BTC) purchase, as if the digital gold were a rare vintage wine he simply could not resist. 🍷
On X, the executive shared a Sunday Bitcoin chart, accompanied by the whimsical message, “needs more orange.” The implication was clear: when traditional markets opened the next day, Strategy would likely add to its already staggering BTC holdings. 🧡
According to SaylorTracker, the company’s most recent acquisition occurred on March 17, when it purchased 130 BTC, valued at $10.7 million. This modest addition brought Strategy’s total holdings to 499,226 BTC, a number so large it could make even the most seasoned investor blush. 😳
This March 17 purchase, though one of the smallest in Strategy’s history, came after a two-week hiatus, as if Saylor had momentarily paused to catch his breath before diving back into the digital abyss. On March 21, the company announced the pricing of its latest tranche of preferred stock, sold at $85 per share with a 10% coupon. The offering is expected to bring in approximately $711 million, a sum that could fund a small country—or, in Saylor’s case, a few more Bitcoin acquisitions. 💰
Michael Saylor, ever the evangelist for the Bitcoin network, has inspired dozens of publicly traded companies to adopt BTC as a treasury asset. He has even petitioned the US government to buy more of the scarce digital commodity, as if Bitcoin were the new national treasure. 🏴☠️
In a bold proposal, Saylor suggested that the US government should acquire 25% of Bitcoin’s total supply by 2035, when 99% of the total BTC supply has been mined. He also called for a comprehensive framework for all digital assets in a document titled, A Digital Assets Strategy to Dominate the 21st Century Global Economy. Because, of course, why settle for second place? 🌍
At the recent Blockworks Digital Asset Summit, Saylor delivered his “21 Truths of Bitcoin” speech, a manifesto that could rival Tolstoy’s own philosophical musings. “Gold still underperforms the S&P Index by a factor of two or more,” he declared, “so there is only one commodity in the history of the human race that was not a garbage investment—the one commodity is Bitcoin—a digital commodity.” 🎤
Despite the recent market downturn, Strategy remains up over 28% on its BTC investment, sitting on over $9.3 billion in unrealized gains. It seems that, in the world of Michael Saylor, the sun never sets on the Bitcoin empire. 🌅
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2025-03-23 19:16