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Microstrategy Shares Now 100% Owned by Overweight Guys With Too Much Time on Their Hands

BitcoinCrypto NewsRegulation/Negotiation 7 Sam Rogers August 16, 2024

An illustration of three overweight men sitting on couches in front of computer screens displaying stock charts and Bitcoin prices rising rapidly; one man is holding an empty pizza box while another has a bag of chips next to him. The background shows MicroStrategy's logo with the company name written below it, surrounded by dollar signs and coins falling from above. A faint image of South Korea can be seen in the top right corner. In the foreground, there are scattered papers on the floor displaying stock prices increasing rapidly.

The pension funds are in on it now too! South Korea’s National Pension Service has invested nearly $34 million into shares of MicroStrategy because who wouldn’t want a piece of the Bitcoin-buying pie? It’s not like they have millions to lose or anything. I mean, what could possibly go wrong with investing in a company that buys and holds an asset created from thin air by some dude on his computer

Source: cointelegraph

World’s 3rd-largest public pension fund buys $34M of MicroStrategy shares
https://cointelegraph.com/news/south-korea-pension-fund-nps-buys-microstrategy-shares
The third-largest public pension fund in the world has just bought nearly $34 million worth of shares in MicroStrategy, a Bitcoin-buying business intelligence firm. South Korea’s National Pension Service (NPS) purchased 24,500 MicroStrategy shares for a price of $33.75 million, an Aug. 13 filing with the United States Securities and Exchange Commission shows. The National Pension Service is South Korea’s public pension and the country’s largest investor, with over 1 […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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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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