Breaking: Billion-Dollar Bitcoin Buy 🤑

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What’s the best way to deal with global chaos? Buy more Bitcoin, of course! 🤣 Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin (because who needs cash, anyway?), just dropped a cool billion bucks on the cryptocurrency.

Last week, as the Middle East was, you know, just casually teetering on the brink of war, Strategy was all, “Hey, let’s buy some Bitcoin!” And buy they did – 10,100 shiny new coins at an average price of $104,080 each. That’s like buying a really expensive latte… or 10,100 of them.

But wait, there’s more! This is Strategy’s second Bitcoin shopping spree in June, because why not? They now hold a whopping 592,100 BTC, which they’ve acquired for a mere $41.8 billion. That’s like the GDP of a small country… or a really big yacht.

And if you thought that was exciting, just last week Strategy’s third Bitcoin-backed preferred stock, STRD, debuted on the Nasdaq. Because what’s a better way to make money than by selling stock to buy more Bitcoin? 🤑

As part of this genius plan, Strategy will issue 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock at $100 per share. That’s like selling expensive cookies to buy even more expensive cookies.

Stay tuned, folks! This is a developing story, and we’ll add more info as it becomes available. Or not. We might just go buy some Bitcoin instead. 🤑

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2025-06-16 15:18