Strategy announces 10% preferred stock offering to buy more Bitcoin

by

Bitcoin Buffet 💰

Strategy announces 10% preferred stock offering to buy more Bitcoin

Girl, you know Strategy is *always* on the hunt for that sweet, sweet Bitcoin. 🙄 They just dropped some news about a new round of preferred stock, which basically means they’re selling shares to, like, super rich people who want a piece of the action. 🤑 They’re selling these bad boys for a cool $85 a pop, and they’ll rake in about $711 million. Not bad for a day’s work, right? 💅

Some market analyst, who probably wears a suit to yoga, said this whole thing means Strategy can snatch investors away from boring ol’ bonds. Bonds, honey, offer a measly 4.2% interest. This is practically a Bitcoin-funded rave! 🥳

Apparently, their last Bitcoin buy was a little measly – just 130 coins. But don’t worry, their co-founder Michael Saylor is basically the Elon Musk of Bitcoin, so he’s *totally* going to keep buying. He’s already promised to get even more debt and sell even more shares. Someone get this man a nap. 😴

[Image]

They’re basically on a first-name basis with Bitcoin at this point. Remember that time they bought a bunch of Bitcoin and then everyone lost their minds? Good times. 😂

Anyway, they’re still making bank – like, a lot of bank. They’re up like 26% since they started this whole Bitcoin thing. But lately, their stock has been taking a little dip. Like, 26% since January. Oof. 🤕

[Image]

But hey, they’re still trading at around $299 a share. Not bad, right?

Being in the Nasdaq 100 is like the golden ticket for a company. It means everyone’s watching them, which is great for publicity… but also means everyone’s watching when they slip up. 😬

Read More

2025-03-21 19:08