🔗 Crypto & Blockchain

[13,927 BTC Added] Saylor's $1B Strategy Decoded

Last week, Michael Saylor's Strategy dropped $1 billion on 13,927 bitcoin — all funded by peddling preferred stock called Stretch. But here's the rub: shares dipped anyway, hinting at deeper cracks in this bitcoin treasury obsession.

Michael Saylor at podium with Bitcoin logo and rising charts in background

⚡ Key Takeaways

  • Strategy bought 13,927 BTC for $1B at $71,902 avg, funded entirely by Stretch preferred stock sales. 𝕏
  • Total holdings: 780,897 BTC at $59B cost basis; shares fell 2.5% despite the buy. 𝕏
  • Model echoes 19th-century rail barons: high-risk issuance to bet on expansion asset. 𝕏
Da-eun Jang
Written by

Da-eun Jang

Korean crypto reporter tracking Upbit, Bithumb, Korean retail trader behaviour, and the FSC's virtual asset rules.

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Originally reported by CoinDesk

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