So, picture this: It’s Monday, right? And boom—I’m looking at an SEC filing, which sorta feels like reading a foreign language. Anyway, this thing says Strategy picked up some bitcoin. Like, a lot of it. They snagged it at around $95,167 a pop between April 28 and May 4. Why those dates? I have no clue. Just what they did. This whole move bumps their stash to 555,450 BTC. Can you imagine having that much? I can’t. Or maybe I can. Heck, who knows.
Digging in, they shelled out $38.08 billion altogether, averaging $68,550 for each bitcoin. What a rollercoaster, right? And how’d they pay for it? Oh, just with a mix of common stock and those shiny preferred stock sales. $128.5 million from common stock. Then another $51.8 million from STRK preferred shares. Way to exhaust that $21 billion ATM from last year. They’re not playing small ball, and I find that wild.
Oh, side note—last week, Strategy revealed some grand plans. Doubling their capital game with a fresh $21 billion ATM offering and raising their debt purchase game to $42 billion. The message is loud and clear: they want more bitcoin. A lot more.
Here’s a kicker for you: Strategy is the big fish in the bitcoin lake. They hold about 2.64% of Bitcoin’s max supply. What does that even mean? I don’t know—the numbers just make my head spin. At nearly $94,000 a piece, their heap’s worth over $52 billion. Wrap your head around that.
And this whole move? It happens while big shots are diving in through legal routes. Apparently, BlackRock’s iShares Bitcoin Trust (IBIT) is raking in funds lately like it’s nobody’s business.
Bit of a surprise, Strategy shares slipped 2.7% in Monday’s pre-market, though they jumped a bit last Thursday. Meanwhile, BTC is chilling at $94,497, a little dip of 1.14% over the last day. What’s the takeaway from all this? No idea—just that things are moving, and I’m here, trying to keep up.
