Crypto Whale Doubles Down: Strategic Bitcoin Accumulation Hits New Highs
Crypto whales are making waves again—loading up on Bitcoin like it's going out of style (which, let's be honest, Wall Street still hopes it will).
Massive Holdings Go Bigger
The strategy isn't subtle: buy more, hold harder. While traditional finance scrambles to justify its 2% yields, Bitcoin's silent accumulation speaks volumes.
Timing the Market—Or Ignoring It Entirely?
No fancy derivatives, no over-leveraged bets—just cold, hard sats stacking up. Meanwhile, your bank still charges $35 for wire transfers.
The closer? When institutions finally 'discover' crypto again, they'll call it innovation. We'll call it playing catch-up.
Financial Details of Strategy’s Latest Bitcoin Acquisition
The most recent acquisition was funded through income generated from the company’s ongoing STRF and STRC preferred stock programs. Last week saw the sale of 115,169 STRF stocks, raising approximately 13.6 million dollars. As of August 10th, there remains an authorization for an additional 1.87 billion dollars of STRF sales. The rest of the bitcoins were financed through the public offering of STRC, which had been previously announced and completed.
The STRF series is non-convertible and comes with a 10% cumulative dividend. In contrast, the STRC series offers variable cumulative and monthly payouts, starting at 9% annually. These securities are adjusted to maintain their price close to a nominal value of 100 dollars. The ATM programs for STRK, STRF, and STRD stand at 21 billion, 2.1 billion, and 4.2 billion dollars, respectively. They complement the “42/42” plan, aiming to raise 84 billion dollars in capital through shares and convertible bonds by 2027. Last month, a new 4.2 billion dollar ATM for the STRC series was announced.
During the past week, Strategy did not sell any class A common stock (MSTR), out of a total capacity of 17 billion dollars under the program. Strategy had committed not to issue common shares if the mNAV ratio was below 2.5x in the second quarter. Currently, the mNAV ratio stands at approximately 1.5x.
Record Net Profit of 10 Billion Dollars Announced
In the second quarter report of 2025, Strategy announced a record net profit of 10 billion dollars. The operating profit of approximately 14.03 billion dollars marked an annual increase of 7,106%. This surge was significantly attributed to the unrealized gains of 14 billion dollars through the application of fair value accounting on cryptocurrencies.
Experts positively view Strategy’s issuance model focused on mNAV and capital discipline. Data from Bitcoin Treasuries indicate that 151 publicly traded companies are following Strategy’s example by accumulating bitcoins to various extents. Notable firms like MARA, Twenty One, Bitcoin Standard Treasury Company, Riot, TRUMP Media & Technology Group, Metaplanet, Galaxy Digital, CleanSpark, and Coinbase hold significant BTC balances, ranging from 50,639 to 11,776 bitcoins respectively.
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