Strategy Unveils $2.1B Preferred Stock Offering to Accelerate Bitcoin Treasury Strategy
In a bold move to bolster its Bitcoin holdings, Strategy has announced a $2.1 billion Series A Perpetual Preferred Stock offering. The capital raise, executed under SEC Rule 415(a)(4), will feature a 10% annual dividend and is strategically timed to leverage favorable market conditions. Proceeds are earmarked for corporate purposes, including potential Bitcoin acquisitions, reinforcing the firm’s commitment to cryptocurrency as a treasury asset. As of May 22, 2025, Bitcoin trades at 110,871.05 USDT, underscoring the significance of this development in the evolving digital asset landscape.
Strategy Plans $2.1B Preferred Stock Sale to Fuel Bitcoin Purchases
Strategy has announced a $2.1 billion Series A Perpetual Preferred Stock offering, featuring a 10% annual dividend. The capital raise will be executed through at-the-market sales under SEC Rule 415(a)(4), allowing tactical deployment during favorable market conditions.
Proceeds are earmarked for corporate purposes, including potential Bitcoin acquisitions. This aligns with the firm’s established treasury strategy of converting cash reserves into BTC. The company currently holds a record 214,000 BTC.
The preferred stock structure offers a non-dilutive alternative to traditional equity financing, preserving common shareholder voting rights while securing hybrid capital for bitcoin accumulation.
Bitcoin Futures Open Interest Hits Record $80 Billion Amid Price Rally
Bitcoin futures open interest surged to an unprecedented $80.91 billion as the cryptocurrency reached a new all-time high of $111,620 on May 22. The figure marks a $6.66 billion increase within 24 hours and a $15 billion climb over five days, reflecting heightened activity across derivatives markets.
Binance, the largest derivatives venue by volume, recorded $13.60 billion in open interest—its highest level since December 2024. The data signals renewed institutional and retail participation, with Leveraged positions expanding alongside Bitcoin’s price ascent.
Cryptocurrencies Defy Stock Market Slump as Regulatory Clarity Boosts Sentiment
Bitcoin surged to a record high of $111,860 as cryptocurrency markets capitalized on growing regulatory clarity, while traditional equities extended their decline. The divergence highlights shifting capital flows amid evolving macroeconomic conditions.
The U.S. Senate’s passage of the GENIUS Act has provided institutional investors with much-needed stablecoin oversight. By mandating 100% reserve backing with Treasuries and dollar assets, the legislation addresses a key concern that previously constrained broader adoption.
Market dynamics reveal a stark contrast: the Dow Jones Industrial Average extended losses with a 100-point drop at open, compounding Wednesday’s 816-point plunge. Meanwhile, the total crypto market capitalization vaulted to $3.5 trillion as traders reallocated capital from traditional risk assets.
Texas Advances Legislation to Create Strategic Bitcoin Reserve
Texas lawmakers have taken a decisive step toward establishing the nation’s second state-level Bitcoin reserve. The House of Representatives approved Senate Bill 121 with a 101-42 vote, granting the comptroller authority to manage cryptocurrency investments through a dedicated Texas Strategic Bitcoin Reserve.
The legislation now returns to the Senate for concurrence on House amendments before reaching Governor Greg Abbott’s desk. This development positions Texas to follow New Hampshire’s lead in institutional crypto adoption, contrasting sharply with Arizona’s failed attempt last year that was ultimately vetoed by Governor Katie Hobbs.
The Untold Story of Laszlo Hanyecz: Beyond the Bitcoin Pizza Purchase
Laszlo Hanyecz’s name is forever etched in cryptocurrency lore as the man who spent 10,000 BTC on two pizzas—a transaction now worth over $1 billion. Yet, the Bitcoin Pizza Day legend obscures his far more significant contributions to Bitcoin’s technical development.
Hanyecz wasn’t just an early adopter; he was a pioneer. Days after joining Bitcointalk in April 2010, he made seminal improvements to Bitcoin’s code. His work predated the infamous pizza purchase, suggesting his true legacy lies in engineering rather than meme-worthy spending.
The market continues to celebrate Bitcoin’s milestones, with exchanges like Binance and Coinbase serving as gateways for new investors. As BTC climbs toward new all-time highs, Hanyecz’s story serves as a reminder: cryptocurrency’s value stems from both its technological foundations and the colorful characters who built them.
