MicroStrategy’s Bitcoin Bonanza: 11,000 BTC Bought Like It’s Going Out of Style!

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So, guess what? On Tuesday, MicroStrategy decided to go all-in on Bitcoin, snagging a whopping 11,000 BTC for a cool $1.1 billion. That’s right, folks! Michael Saylor, the chair and co-founder, took to X (formerly known as Twitter, because who doesn’t love a good rebranding?) to share the news. 🎉

This isn’t just a one-time splurge; it’s the 11th week in a row that MicroStrategy has been on a Bitcoin shopping spree. I mean, at this point, they should just open a Bitcoin boutique. “Welcome to MicroStrategy’s Crypto Corner, where the prices are high, and the regrets are low!”

MicroStrategy Bitcoin Holdings Surge

According to their filing with the SEC (you know, the folks who keep an eye on all the financial shenanigans), they bought these shiny coins at an average price of about $101,191 each. That’s like buying a luxury car every week, but instead of driving it, you just stare at it and hope it appreciates in value. 🚗💰

Now, with this latest haul, MicroStrategy holds over 2% of all Bitcoin that will ever be mined. That’s about $47.9 billion in Bitcoin. I can’t even count that high without a calculator and a strong cup of coffee! ☕️

And let’s talk about timing! This purchase comes just as President Trump has decided to switch from being a crypto skeptic to a crypto cheerleader. “Go team Bitcoin!” he probably shouted while tossing confetti made of dollar bills. 🎊

In fact, Saylor was so pumped about this shift that he attended the first-ever “Crypto Ball” in Washington. I can only imagine the dance moves at that party—lots of awkward shuffling and people trying to explain blockchain over punch. 🍹

New Shares To Support BTC Strategy

But wait, there’s more! On the same day, shareholders voted to increase the number of authorized Class A common shares from 330 million to a staggering 10.3 billion. Because why not? Let’s just throw numbers around like confetti! 🎉

This decision passed with about 56% of the vote, which is basically a landslide in corporate terms. It’s like saying, “Hey, let’s make it rain Bitcoin!” But don’t worry, they might not sell all those extra shares. They just want to keep their options open, like a teenager with a closet full of clothes but nothing to wear. 👗

As of now, Bitcoin is riding the rollercoaster of price volatility, currently trading at $106,400. It’s like watching your favorite reality show—full of drama and you just can’t look away! 📈

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2025-01-22 11:10