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.
Boom. Strategy drops $1 billion on 13,927 more Bitcoin, ballooning their stash to 780,897 coins — that's 3.7% of the entire supply. Saylor's not whispering; he's shouting 'Think bigger.'
Here we go again. Just when you thought Michael Saylor might have learned his lesson, his company Strategy is hinting at another Bitcoin buy. It's like watching a gambler double down at the craps table.
Michael Saylor keeps stacking Bitcoin like it's the last lifeboat on the Titanic. But the crypto ocean? It's barely rippling.