Bitcoin Boost: Strategy Allocates $979M from STRD IPO to Crypto Investments

Strategy has priced its initial public offering (IPO) of 11.76 million shares of its 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85 per share, aiming to raise approximately $979.7 million in net proceeds after underwriting discounts and expenses. The offering is set to close on June 10, 2025, with a significant portion of the capital earmarked for general corporate purposes, including potential Bitcoin purchases. This move signals strong institutional confidence in Bitcoin's long-term value proposition and could further catalyze mainstream adoption. The influx of nearly $1 billion into the crypto market may also contribute to upward price momentum for Bitcoin, reinforcing its position as a cornerstone of digital asset portfolios. As traditional finance continues to intersect with cryptocurrency, such strategic allocations highlight the growing convergence between legacy investment vehicles and decentralized assets.

Strategy Prices STRD IPO at $85, Plans Bitcoin Buy With $979M

Strategy has set the price for its initial public offering of 11.76 million shares of its 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85 per share. The offering, expected to close on June 10, is projected to yield $979.7 million in net proceeds after accounting for underwriting discounts and expenses.

The company intends to allocate the raised capital toward general corporate purposes, with a significant portion earmarked for Bitcoin acquisitions. This move underscores Strategy's continued aggressive positioning in the digital asset space. The STRD stock offers non-cumulative quarterly dividends at a 10.00% annual rate, payable only upon declaration by the board, with the first payment slated for September 30, 2025.

Unlike traditional preferred stock, STRD dividends do not accrue if missed. Investors retain redemption rights under specific conditions, including corporate restructuring or if outstanding shares fall below 25% of the original issuance.

Bitcoin Price Plummets to $0 on MEXC Due to Technical Glitch

Bitcoin's price briefly crashed to zero on the MEXC exchange, sparking confusion across the crypto market. The anomaly, confined to MEXC's BTC/USDT pair, saw 415 BTC traded before the glitch corrected itself. No other platforms reported similar disruptions.

Despite the momentary shock, Bitcoin's broader market performance remains robust. The cryptocurrency continues to trade above $100,000, with analysts eyeing a potential rebound toward $106,000. At last check, BTC stood at $103,918.53.

Exchange-specific technical issues like these underscore the volatility inherent in crypto markets—even when fundamentals remain unchanged. Traders appear unfazed, maintaining positions as bitcoin demonstrates its characteristic resilience.

U.S. Jobs Report Meets Expectations as Bitcoin Shows Modest Gains

The U.S. labor market displayed measured growth in May, with nonfarm payrolls expanding by 139,000—aligning closely with economist forecasts of 130,000. Unemployment held steady at 4.2%, mirroring April’s figure. Bitcoin edged higher post-announcement, breaching $104,000 amid a broader market rebound.

Economic indicators this week painted a mixed picture: ADP employment growth hit a two-year low, ISM Services dipped into contraction territory, and jobless claims climbed to an eight-month high. Treasury yields fluctuated sharply, with the 10-year note swinging from 4.32% to 4.44% after the report. Fed rate cut probabilities for July plummeted from 30% to 16%.

Senator Lummis Proposes 1 Million Bitcoin Reserve to Tackle National Debt

Senator Cynthia Lummis has unveiled an ambitious plan to address America's $33 trillion national debt by establishing a Bitcoin reserve. The proposal aims to accumulate one million BTC—approximately 5% of Bitcoin's total supply—over two decades, positioning it as a strategic national asset.

The initiative could launch using crypto assets already seized by the government through forfeiture programs, bypassing immediate legislative hurdles. Lummis emphasized the need for future legal safeguards to protect the reserve from political volatility.

Bitcoin's proof-of-work consensus mechanism was cited as the key differentiator, with Lummis arguing its security and reliability make it uniquely suited for long-term reserve status. The senator projects that appreciation in Bitcoin's value could eventually halve the national debt.

Elon Musk Slammed by Trump, Tesla Stock Drop – Samson Mow Says ‘Buy Bitcoin’

Tesla shares plunged 14% in a single trading session, erasing its $1 trillion valuation amid Elon Musk's public feud with former President Donald Trump. The selloff marks Tesla's worst performance since March, with shares now down 20% over five days.

Bitcoin advocate Samson Mow seized the moment to pitch a crypto solution. "@elonmusk it's time to go all in on #Bitcoin," he tweeted, urging Tesla to resume BTC payments and adopt a treasury strategy. Mow further suggested SpaceX could incentivize Bitcoin adoption through launch discounts.

The proposal frames Bitcoin as both a hedge against fiat instability and a political statement. "This is not financial advice. This is freedom advice," Mow cautioned, alluding to potential asset freezes. His intervention highlights growing tension between tech leaders and traditional power structures.

Analyst Predicts Bitcoin Rally to $180,000 Citing Halving Patterns

Bitcoin's recent volatility, including a sharp drop to $100,000 followed by a rebound above $103,000, has not deterred bullish analysts. Crypto researcher Klarch highlights a recurring post-halving pattern that historically precedes significant price appreciation. The 2016 and 2020 halvings saw 280% and 550% rallies respectively within a year—Bitcoin's current 70% gain since April 2024 suggests room for growth.

Leveraged positions worth nearly $1 billion were liquidated during the dip, yet the asset's resilience underscores institutional confidence. "Halving cycles are identical in their catalytic effect," Klarch noted, projecting a cycle top of $180,000 despite this year's multiple all-time highs.