Markets
What to know:
- So, Strategy goes ahead and buys 34,164 bitcoin for a cool $2.54 billion last week. Yeah, that’s an average of $74,395 per coin. You know, just pocket change!
- They’ve now blown about $61.56 billion on their little crypto adventure, averaging out to about $75,527 per coin. Hey, who needs a yacht when you can have digital coins, right?
- Oh, and by the way, MSTR shares are down 2.5% pre-market. Maybe that’s what they call “biting the bullet.”
Michael Saylor’s Strategy (MSTR) has decided to add a staggering 34,164 bitcoin to its treasury over the past week at that eyebrow-raising price of $74,395 per coin. Just imagine the boardroom meeting: “Hey, let’s buy some more digital rocks!” How did that go over?
This latest splurge bumps their total bitcoin hoard to 815,061 BTC, which they’ve snagged for approximately $61.56 billion at an average cost basis of $75,527. With BTC trading around $75,000, they’re practically breaking even! Isn’t it cozy being the world’s largest publicly-listed bitcoin holder? It’s like being the tallest guy in a room full of midgets.
How did they fund this big shopping spree? Oh, just a casual $2.2 million from preferred stock sales and $366 million from common stock offerings. You know, normal stuff. What’s next, selling cookies on the street?
And just to rub salt in the wound, MSTR shares are down more than 2.5% in pre-market trading. They say money can’t buy happiness, but apparently, it can buy a lot of regret!
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2026-04-20 15:10