Crypto Giant Strategy Doubles Down—Snaps Up $2B Bitcoin While Wall Street Naps

Another day, another nine-figure bet on digital gold. Investment firm Strategy just loaded up on Bitcoin—again—proving crypto whales still swim while traditional finance plays catch-up.

The move: A cool $2 billion BTC purchase hits the books, executed with the subtlety of a bull in a China shop. Timing? Impeccable—just as ETF inflows slow and the suits start questioning ’store of value’ narratives.

Why it matters: This isn’t pocket change. Strategy now holds enough Bitcoin to crash a small nation’s economy—or prop up a meme coin’s market cap for 15 glorious minutes.

The kicker: Watch how fast the same Wall Street analysts who mocked ’magic internet money’ in 2022 suddenly pivot to ’strategic crypto exposure’ talking points. Bonus cynicism: Nothing accelerates blockchain adoption like watching hedge funds FOMO into your bags.

Acquisition of a Billion-Dollar Bitcoin Cache

Strategy, holding 553,555 BTC, spent a total of $37.9 billion with an average unit cost of $68,459. Since the beginning of the year, the gains from BTC have surpassed $5.8 billion. In its report today, Strategy announced preparations for an additional $21 billion on share sales. The target for BTC earnings in 2025 is set at $10-15 billion.

Company CEO Phong Le expressed their accomplishment:

“We successfully completed the record-level $21 billion ATM share sale. This enabled us to add another 301,335 BTC to our balance sheet. During the same period, MSTR share price increased by 50%. We also executed two of the most successful preferred stock offerings of the last decade. Over 70 publicly traded companies have now adopted the Bitcoin$0.000036 treasury standard; we are proud to lead this space.”

The most notable detail from the company’s first-quarter report is its holding of only $60.3 million in cash and derivatives. Michael Saylor’s company is fulfilling its commitment to purchase Bitcoin with everything it has. Moreover, it aims for even more with a new $21 billion offering.

The notion that a single company will make an additional $21 billion purchase of BTC indicates a significant rise in demand for Bitcoin when considered alongside ETFs, individual investors, professional investors, and other institutions. Consequently, the thought of BTC being priced below $100,000 seems increasingly irrational.