Bitcoin’s Bold Ballet: Fortune, Folly and a Dash of Humor 😄

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In a scene reminiscent of a wistful Russian novel, the records from a languid Monday reveal a curious acquisition—a tender deal in which 3,459 tokens of BTC were purchased for a princely sum of $258.8 million, nearly as if each coin wore a melancholy expression at an average of $82,618. One cannot help but smile at the audacity of fate! 😉

Thus, Strategy’s vault now boasts 531,644 of these elusive coins, collectively valued at over $45 billion, a sum as grand as any estate in the Russian countryside. With an average purchase price of $67,556 per coin, the total investment—woven with fees and expenses—ascends to roughly $35.9 billion. A slice of destiny, indeed, amounting to more than 2.5% of the finite 21 million coins!

“No Tariffs on Orange Dots”

The ever-droll Michael Saylor, Strategy’s co-founder and executive chairman, played the role of a modern-day raconteur when he mused on social media—“No tariffs on orange dots.” His remark, as whimsical as a jest at a grand ball, alluded to the capricious price charts and global trade squabbles with a wink and a nod. 😏

As if in an act of defiant ballet, Bitcoin has pirouetted above $84,000 following a pause in the harsh tunes of tariffs—an overture that has rekindled institutional yearnings for its eternal allure. Strategy, in an almost theatrical flourish, continues its relentless accumulation, as if staking its claim upon the grand stage of destiny.

Funded by Stock Sales

This latest acquisition was, in true melodramatic fashion, financed through the sale of 959,712 shares of Strategy’s class A common stock ($MSTR), conjuring approximately $285.7 million from the ether. One might almost imagine shares fluttering about like autumn leaves in a brisk wind.

Moreover, as of mid-April, Strategy guards a treasure of $2.08 billion in $MSTR shares ready to be unleashed, while a secret cache of $20.97 billion in $STRK shares awaits its cue to support future escapades in the realm of Bitcoin.

All of these endeavors are encapsulated within the firm’s audacious “21/21 plan” — an epic quest to raise $42 billion in a blend of equity and fixed-income securities, all to enshrine Bitcoin as a storied reserve asset. A saga mingling fortune with folly, fit for the chronicles of our time!

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2025-04-14 16:13