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Microstrategy Buys More Bitcoin Because Apparently Someone Has to Keep the Party Going While We All Watch in Awe

BitcoinCrypto NewsRetail Investors 3 Kevin Nelson August 16, 2024

An illustration: A party scene with people watching in awe, while someone at the center is holding up two large stacks of coins (one stack has a 'M' on it) and another person next to them holds an oversized check for $8.3 billion; above them are floating 226,500 tiny bitcoin logos arranged like fireworks exploding into the sky with some falling down towards the partygoers who look excitedly upwards at the spectacle. The scene is set against a dark blue background with stars shining through and there's a subtle hint of smoke rising from below to add an air of excitement;

Well, well, well! Looks like Microstrategy is still throwing good money after bad on this worthless cryptocurrency nonsense. I mean, who needs a real business strategy when you can just print more shares and buy up some shiny rocks? And let’s be honest, folks, 226,500 BTC isn’t going to make or break the world economy anytime soon

Source: bitcoin.com

Microstrategy Boosts Bitcoin Holdings to 226,500 BTC With Q2 Acquisitions
https://news.bitcoin.com/microstrategy-boosts-bitcoin-holdings-to-226500-btc-with-q2-acquisitions
Nasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong Le and CFO Andrew Kang expressed optimism about future bitcoin support and emphasized the company’s financial strategies. Despite net losses, Microstrategy remains committed to its bitcoin strategy. Microstrategy Inc. (Nasdaq: MSTR) reported its financial outcomes for Q2 on Thursday. The company, known for being the largest corporate holder of BTC, has grown […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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