Ah, the fickle mistress that is Bitcoin! Just when you thought it was playing coy below the $98k mark, leading to a delightful crypto bloodbath of nearly $1 billion, our beloved Bitcoin decided to don its superhero cape. With a triumphant leap, it soared to a staggering $100,423! ๐
In the grand theater of finance, the 24-hour volatility danced around like a drunken ballerina, clocking in at a sprightly 4.3%. Meanwhile, the market cap, a hefty $1.99 trillion, loomed over us like a benevolent giant, while the trading volume of $79.75 billion whispered sweet nothings into the ears of eager investors.
As the sun set over New York, Bitcoin, that capricious creature, regained its bullish swagger, rebounding nearly 4 percent to strut around at about $101,628. The ongoing tug-of-war between buyers and sellers has turned the BTC price into a complex riddle, one that could unravel if Bitcoin decides to break the $104.4k barrier in the coming weeks. Will it? Who knows! ๐คทโโ๏ธ
MicroStrategy’s Long-Term Love Affair with Bitcoin
In a plot twist worthy of a Dostoevsky novel, MicroStrategy, that $88 billion behemoth, recently sold 2.76 million shares faster than you can say “cryptocurrency.” With the spoils of this stock sale, amounting to a cool $1.1 billion, they snatched up around 10,107 shiny Bitcoins. Talk about a shopping spree! ๐
Now, with a staggering total of 471,107 Bitcoins in their vault, MicroStrategy is sitting on a treasure chest worth about $47 billion, which translates to an unrealized profit of over $17 billion. But fear not, dear reader! Co-founder Michael Saylor has declared that this Bitcoin bounty is as untouchable as a sacred relic. ๐
In a bid to fortify their Bitcoin strategy, MicroStrategy has announced a public offering of 2.5 million shares of their Class A Perpetual Strike Preferred Stock. Yes, you heard that right! This perpetual strike preferred stock, affectionately dubbed STRK, comes with a liquidation preference of $100 per share, plus some delightful fixed dividends for the lucky STRK holders. ๐พ
$MSTR today announced the launch of $STRK, a new convertible preferred stock offering available to institutional investors & select retail investors. To view the investor presentation video, learn more about participating, & access key details, click here.
โ Michael Saylorโก๏ธ (@saylor) January 27, 2025
In a move that would make even the most seasoned chess player proud, shareholders recently approved a 30-fold increase in the companyโs Class A shares, ballooning from 330 million to over 10 billion. With backing from institutional investors and global central banks, MicroStrategy is on a mission to solidify its Bitcoin strategy for the ages. ๐ฐ
The Bigger Picture: A Bitcoin Renaissance
As the world spins into a frenzy of fiat currency devaluation, Bitcoin’s demand is skyrocketing like a rocket on a caffeine high. The decentralized nature of this digital currency has lured in participants seeking a more stable form of money, one with a history that even your grandmother would approve of. ๐ง
And letโs not forget the political circus! The Donald Trump administration is eyeing Bitcoin as a strategic reserve asset, hoping to complement gold and tackle that monstrous $35 trillion national debt. With a fixed supply of 21 million Bitcoins, and over 15 million already hoarded by long-term investors, the stage is set for a bullish bonanza that could last for years. Buckle up, folks! ๐ข
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2025-01-27 19:44