Saylor doubles down: Adds 250 bitcoin, $192M in STRC buybacks

00:00 Scott Melker

We have yet another major hack in the crypto self-custody world. This time ledger and upwards of 86 million. We're going to talk about that and everything that happened this weekend and today in crypto news on the Daily Wolf. Let's go.

00:23 Scott Melker

What is up everybody? Welcome to the Daily Wolf on Yahoo Finance. I am your host Scott Melker, also known as the Wolf of all streets. Not much happening with Bitcoin price over the weekend. I think everybody knows at this point that we're just ranging in the 80s, which I view as a bullish sign. But because it's Monday, we have to keep up with the Jones and find out what our favorite billionaire Michael Sailor is doing, and that is this.

00:54 Scott Melker

Strategy buys 250 Bitcoin repurchases a 192 million of STRRC preferred stock. So strategy purchased that 250 Bitcoin for $21.5 million last week averaging $86,194 per Bitcoin. You'll remember,

01:21 Scott Melker

in the beginning of the show, we had an amazing meme from Spaceballs. This was Michael Sailor just sucking up all the Bitcoins. Megamaid. You might remember also at the bottom of the bare market she went from suck to blow. But right now, uh Michael Sailor is sucking up Bitcoins again, but not that many to be honest. He funded this purchase of Bitcoin by issuing 125,183 MSTR common shares, raising 21 million net, adding $500,000 from existing cash.