Joe Weisenthal, the co-host of Bloomberg’s “Odd Lots” podcast, has mocked Strategy’s Bitcoin gains in his recent social media post
“Imagine investing in Bitcoin for years and years you’re only up like 30%?” Weisenthal said
After its most recent $15 million Bitcoin purchase, the company’s total holdings have approached the 500,000 BTC mark. Its average purchasing price has increased to $62,000
The comment has riled up some members of the Bitcoin community. Some have pointed to the fact that the company’s stock is up by nearly 2,200% since former CEO Michael Saylor adopted the trailblazing Bitcoin strategy
Angel investor Jason Calacanis, who is known as an ardent critic of Strategy, has opined that the company’s average price will eventually meet the company’s current price if Strategy continues to buy Bitcoin
Earlier today, the company announced its intention to fund more Bitcoin purchases by issuing 4 million shares of a perpetual preferred stock
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