no one needs to “catchup.” You start a blank check company to buy bitcoin. Wolla. You have microstrategy without that annoying consulting business.
Mstr paid an average of approximately $89,000 per bitcoin in latest purchase. MicroStrategy purchased another $4.6 billion worth of bitcoin last week. The company's total bitcoin holdings are now worth roughly $30 billion. MicroStrategy sold around 13.6 million shares to fund the most recent bitcoin purchase.? MicroStrategy (MSTR) made a massive addition to its bitcoin (BTCUSD) holdings over the past week. Over the six days ending on Sunday, the technology company acquired 51,780 BTC for approximately $4.6 billion, according to a recent regulatory filing. 1
Mstr avg aquistion cost now at around $50,000 per bitcoin The company’s average acquisition cost across all its bitcoin holdings stands at roughly $49,874 per bitcoin, reflecting a cumulative investment of approximately $16.5 billion.
Looks like another $1.75 Billion in 0% convertibles is coming: MicroStrategy Plans $1.75 Billion Notes Offering to Buy Additional Bitcoin 04:32 PM EST, 11/18/2024 (MT Newswires) -- MicroStrategy (MSTR) late Monday disclosed plans for a $1.75 billion private placement of 0% convertible senior notes maturing in December 2029, subject to market and other conditions. The company expects to use the net proceeds from the proposed offering to buy additional bitcoin and for general corporate purposes. The company also expects to grant the initial purchasers an option to purchase up to an additional $250 million of notes. MicroStrategy also said the new notes are convertible into common stock or cash, or a combination of the two, under certain circumstances, or following certain events prior to six months before maturity. Terms of any conversion would be set near the maturity date, it said.
I never knew the infinite money glitch worked so easy. It' seems to be working just like the printing press at the federal reserve!!!!
Social media is going absolutely insane of mstr, literally everyone has discovered the infinite money glitch ...geeezes this is not going to end well. No way no how!!
The scary part is MSTR is like $70 Billion company and its not even in the S&P 500 or the NDX. If it gets included like MRNA or SMCI it will rocket higher 20-30%.
And check out these kick ass fucking awesome earnings Revenue 116.07M 10.34% Net income -340.17M 137.15% Diluted EPS -1.72 70.3% Net profit margin -293.07% 164.5% Operating income -432.58M 1613.4% Net change in cash -20.6M 2.75% Cash on hand - - Cost of revenue 34.35M 28.84% Absolutely fucking hilarious
Awesome! it will probably be over-subscribed and mstr will end up selling over $2B or higher 0% interest, too The S&P 500 inclusion, mstr is in the top 170sh by market cap The QQQ inclusion is pretty much a lock now, that has no other requirements except being in the top 75 by market cap QQQ inclusion may or could be front-ran... NFA