Bitcoin’s Cruel Joke: Strategy’s $7 Billion Gamble in the Abyss

by

Lo! The merciless bear market, that tempest of despair which hath shattered the hopes of lesser souls, could not dissuade the indomitable spirit of Strategy-the titan of corporate Bitcoin hoarders, whose obsession rivals the tragic folly of Raskolnikov himself.

Behold! This so-called “modest” acquisition, a paltry sum of forty million dollars, added but 592 BTC to their mountain of digital gold. A pittance, truly, when one recalls their former orgies of billion-dollar splurges! Yet their vault now groans under the weight of 717,722 BTC, purchased at a cost of $54.56 billion-a figure that whispers of hubris, like the mutterings of a drunkard counting rubles before a firing squad.

We have added 592 BTC at the bargain price of $67,286 per coin. Our hoard now stands at 717,722 BTC, purchased for ~$54.56 billion at an average price of $76,020. Let the weak tremble! $MSTR $STRC

– Michael Saylor, a modern-day Ivan Turgenev of cryptocurrency, February 23, 2026

Yet the market, that capricious mistress, hath since slashed BTC’s value to $66,200-a cruel arithmetic that bathes Strategy’s ledger in crimson. Their unrealized loss? A mere $7 billion, as if such a sum could be dismissed with a shrug! One imagines the accountants weeping into their ledgers, their souls crushed by the weight of Satoshi’s ghost.

Recall, dear reader, their former glory: but one month prior, they danced upon the peaks of profit, flush with $10 billion in paper gains after splashing a billion on 13,627 BTC. How the wheels of fortune turn! Now they cling to their digital talismans as the abyss yawns wider, their faith as unshakable as that of a peasant praying to a broken icon.

The speculators now whisper: Is this the end of Bitcoin’s fleeting romance with Wall Street? Or merely the calm before the next manic sprint to $100,000? Alas, the answer lies not in the stars, but in the trembling hands of traders who dare to play God with money conjured from thin air. A comedy, indeed-one that Dostoevsky himself would dismiss as too absurd for even his darkest tales.

Read More

2026-02-23 16:58