Bitcoin Outshines Wall Street: $86 Billion Floods Into Crypto Reserves as Corporations Bet Big
Wall Street's old guard just got a wake-up call—Bitcoin isn't playing by their rules. While traditional markets waffle, corporations are dumping $86 billion into crypto reserves like it's a digital gold rush.
Why? Because slow-and-steady 401(k)s can't compete with blockchain's asymmetric upside. (That, and nobody trusts the Fed's monopoly money anymore.)
This isn't just adoption—it's an exodus. Pension funds? Hedge funds? They're all scrambling to catch up before the train leaves the station. The message is clear: diversify or die.
Of course, some Wall Street suits will still call it a 'bubble' between sips of their $12 artisanal coffee. Meanwhile, Bitcoin keeps printing generational wealth—no middlemen required.
Around 100 Firms Look to Raise $43 Billion in July to Buy Crypto
According to data reported by The Wall Street Journal, nearly 100 companies have announced plans to raise over $43 billion this July alone. The funds are being directed toward assets like Bitcoin, Ethereum, and XRP.
Many of these efforts have already been executed, reflecting growing institutional interest in crypto amid favorable US market sentiment.
One of the most aggressive players in this space is Strategy Inc. (formerly MicroStrategy), which pioneered the corporate Bitcoin-buying trend in 2020. So far this year, the company has raised more than $10 billion to increase its BTC holdings.
That aggressive approach has made Strategy one of the top-performing stocks in the digital asset space, pushing its valuation to new highs.
Other companies are following suit. Japan’s Metaplanet and US-based miner Marathon Digital have also secured substantial funding to increase their exposure to the top crypto.
Data compiled by Hodl15Capital also suggests over 35 more companies are preparing to raise billions in pursuit of similar strategies.
Bitcoin new supply: 450 BTC/day
Bitcoin BUY announcements (long list
)
$MSTR has $50+ Billion authorized ATM (~500,000 BTC)$STRC IPO $2.5 Billion (closing 7/29)
$CEPO Adam Back & Cantor Fitzgerald SPAC w/ $1.5 Billion
$MTPLF targets 210,000 BTC by 2027…
Beyond Bitcoin, ethereum is gaining traction among treasury buyers. BitMine Immersion Technologies is seeking up to $5 billion for ETH reserves, while SharpLink—helmed by Ethereum co-founder Joseph Lubin—is targeting hundreds of millions for its ETH strategy.
Additionally, several institutions have committed millions to other digital assets like XRP, Ethena, and BNB as part of diversified treasury allocations.
Analyst Warns About Risks in the Approach
However, despite the boom, some analysts are raising red flags about these firms’ approaches.
Last month, Matthew Sigel, head of digital asset research at VanEck, warned that widespread use of at-the-market (ATM) offerings could pose risks to shareholders.
These programs let companies issue new shares as long as stock prices stay above net asset value (NAV). However, if prices drop, they can lead to significant dilution.
No public BTC treasury company has traded below its Bitcoin NAV for a sustained period.
But at least one is now approaching parity.
As some of these companies raise capital through large at-the-market (ATM) programs to buy BTC, a risk is emerging: If the stock trades at or near…
Sigel recommends suspending ATM programs when shares dip below 95% of NAV for 10 consecutive days. He also advocates prioritizing stock buybacks when crypto asset prices rise, but stock valuations don’t follow.
To better align corporate leadership with shareholder outcomes, Sigel suggests tying executive compensation to NAV-per-share growth rather than total crypto holdings.
