Bitcoin & Bucks: A Most Curious Affair! 🧐

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Oh, do sit down. Apparently, someone – and I use the term ‘someone’ rather loosely, for it’s this ‘Strategy’ chap – has been rather busy accumulating… things. Both the digital sort and the horribly tangible, paper variety. One almost feels a trifle exhausted just hearing about it.

Strategy’s Little Shopping Spree

It appears our dear Michael Saylor, a man who clearly has more money than sense (though I daresay he’d protest), has decided that 1,287 more Bitcoins are precisely what the world needs. A trifling sum of $116.3 million, naturally. Paid for, of course, by selling bits of the company – a rather roundabout way of funding a hobby, wouldn’t you say? They did dabble a bit, buying just 3 then 1,283… one wonders if they were deciding if the price would drop further! The grand total now stands at 673,783 tokens. Positively extravagant.

But, because keeping all your eggs in one, rather volatile basket is frightfully déclassé, they’ve also started hoarding US Dollars. A new reserve, you see. Initially $1.44 billion, then another $748 million, and now… a further $62 million! A staggering $2.25 billion! One imagines the counting room is quite overwhelmed. 💸 They claim it’s for “dividend payments,” but honestly, it sounds like a very elaborate rainy-day fund.

And all this financed by flogging off MSTR shares. Must be terribly lucrative being a purveyor of… well, purveyor of Bitcoin and a bit of financial chicanery, really.

Naturally, they boast they are the largest corporate Bitcoin holder. A title one suspects they’ll cling to with fierce tenacity. The evidence, for your viewing displeasure…

Apparently, their investment is currently worth $63.48 billion, exceeding its cost by a mere 25%. Though, let’s not dwell on 2025, shall we? An “unrealized loss” of $5.40 billion! And a quarterly loss of $17.44 billion! Good heavens! Still, they haven’t sold anything, so one mustn’t be overly critical. Stubbornness has its virtues, after all. 🙄

The whole thing is a result of a rather gloomy spell for Bitcoin late last year, but clearly, they’re committed. One simply must persevere, even when the market refuses to cooperate.

Oh, and by the way, those Bitcoin ETFs are suddenly rather popular again. A net inflow of $458.77 million last week! How very… fashionable.

Apparently, some people prefer to dip their toes in the crypto waters without actually getting wet. Quite understandable, really.

BTC Price

And as for the price of this digital folly? It’s currently hovering around $94,200, up 8% over the last week. A recovery, of sorts. Though one suspects it will all come tumbling down eventually. It always does, you know. 🤷

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2026-01-06 09:14