Generated Title: Strategy's Bitcoin Binge: Genius Move or Slow-Motion Train Wreck?
Alright, let's get one thing straight: anyone still calling Strategy "MicroStrategy" is living in the past. They rebranded, people. Keep up. Now, about this Bitcoin obsession...
The Never-Ending Dip Buy
So, Strategy dropped another $45.6 million on 397 Bitcoins. Big deal. They're acting like it's some kind of victory, tweeting about their "BTC Yield of 26.1% YTD 2025." Yeah, but what about the 24% drop in their stock price last month? Anyone tweeting about that? I didn't think so.
They're sitting on 641,205 Bitcoins, which they claim is worth $69.1 billion. Nice round number. But that value is about as stable as my grandma's wifi connection. One bad tweet from Elon, and poof, billions gone. And the fact that this latest purchase is one of their "smaller buys" lately? Doesn't exactly inspire confidence, does it? What happens when they really go big again?
And let's be real, this whole strategy hinges on Bitcoin going to the moon. What if it doesn't? What if it flatlines? What if… dare I say it… it crashes?
The article mentions analysts are worried about their "declining multiple to Net Asset Value (mNAV)." Translation: people are starting to realize that Strategy's stock price is way too dependent on their crypto holdings. It's like building a house on a foundation of Jell-O.
Other companies are following suit, buying Bitcoin and Ethereum to pump their stock prices. I guess everyone wants to be a "visionary" these days. But is it really visionary, or just reckless? Strategy Snaps Up More Bitcoin Amid BTC Price Drop
The "Silent IPO" of Bitcoin
This other article talks about Bitcoin's "Silent IPO," with early investors cashing out. The analogy is that the ETFs and institutional adoption have created the liquidity for these early believers to finally take their profits.
Okay, I get it. Early investors deserve to make money. But what about the rest of us? Are we just bagholders waiting for the next pump?
"Old coins, coins that haven’t moved in years, some dormant since the single-digit price days, are suddenly active." Translation: the OGs are dumping their bags on us retail investors. Nice. Real nice.
The author, Jordi Visser, says sentiment will only improve after the distribution is substantially complete and that we need to be patient. Patience? Are you kidding me? I've been patient for years! I'm starting to think "patient" is code for "you're gonna lose all your money."
Offcourse, maybe he's right. Maybe this is just a temporary setback. Maybe Bitcoin really will go to $1 million per coin. But honestly, I'm not holding my breath.
The Inevitable Reckoning
Strategy started buying Bitcoin in 2020 because, you know, inflation. It was a "way to generate better returns for its shareholders." But at what cost? They've spent around $47.4 billion on this stuff. That's a lot of money to gamble with.
And sure, their stock has risen over 1,700% since their first buy. But past performance is not indicative of future results, as they say. I mean, Pets.com was a thing, right?
The Myriad prediction market says 96% of respondents don't think Strategy will sell more Bitcoin this year. Well, duh. They're all in. They've bet the farm on this thing. Selling now would be admitting they were wrong. And CEOs never admit they're wrong.
Then again, maybe I'm the crazy one here. Maybe Michael Saylor really is a genius. Maybe Bitcoin is the future. Maybe I should just shut up and buy more Bitcoin. Nah.
