Bitcoin Giant MicroStrategy Rebrands to &#039, Strategy &#039, and Everyone in Crypto Made the Same Joke

MicroStrategy has great news—and low, it’s not another <a href="https://decryptspan./spanco/302894/microstrategy-a href="https://decrypt.co/294320/microstrategy-buys-1-5-billion-bitcoin” target=”_blank” class=”sc-adb616fe-0 bJsyml”>buys-1-1-billion-bitcoin-price-plunge” target=”_blank” class=”sc-adb616fe-0 bJsyml”>Bitcoin purchase.

Otherwise, the application gigantic is changing its name to Strategy. Only … Strategy. &nbsp,

Co-founder Michael Saylor of the business, who praised the media on Wednesday, claimed that the company will be able to enter a new age of victory by eliminating the adjective” Micro.” &nbsp,

” Strategy is one of the most effective and positive thoughts in the human vocabulary”, Saylor said in a statement.

The Bitcoin bulls then proceeded to offer the late French artist Antoine de Saint-Exupery, who allegedly once said that “perfection is achieved not when there is nothing more to contribute, but when there is little left to take away.”

X, or Crypto Twitter, had less noble opinions on the subject. Degens immediately seized on similarities between the move and a viral scene in the 2010 film” The Social Network”, in which Justin Timberlake’s character, Sean Parker, instructs an impressionable Mark Zuckerberg to tighten the name of his new website from” The Facebook” to just” Facebook”.

Obviously, crypto’s leading banners aren’t quite as rich in unique riffing materials as Strategy is in Bitcoin. &nbsp,

The image was posted repeatedly —

And once—

And afterwards. &nbsp,

And a few more days for good measure. &nbsp,

And the irony is that there was so much more for a fresh crypto-entrepreneur to joke about. What, for instance, of the novel Plan logo—which today features some sort of Bitcoin equation.

System … to the ₿th energy?

Days after its rename, Strategy shared its Q4 2024 income. The company posted a net Q4 loss of$ 670.8 million, leagues larger than the$ 89.1 million loss posted a year earlier in Q4 2023. &nbsp,

The largest commercial stockpile of Bitcoin in history has been the focus of Strategy’s new expenditures, accounting for the majority of those. As of year-end, the firm held some 447, 470 BTC, over 2.2 % of Currency’s world circulating offer. ( And now the tally sits at 471, 107 BTC. )

However, the damage, which was racked up as the business seized Bitcoin late last year at document prices, may end up being worthwhile. The average purchase rate of Strategy’s BTC as of the close of 2024? $ 62, 503. The price of Bitcoin now? Over$ 97, 000. &nbsp,

It’s a strong approach, surely. And there’s less and less “micro” about it.