Crypto Giant Seeks $4.2B in Preferred Stock—All to Double Down on Bitcoin

Wall Street meets Nakamoto: A major player is betting the farm on BTC.

The $4.2B Bitcoin Gamble

Forget dipping a toe—this strategy’s diving headfirst into crypto’s deep end. Preferred stock offerings usually fund boring things like infrastructure or R&D. Not this time.

Why Preferred Stock?

Because when you’re stacking sats at scale, retail pockets won’t cut it. Preferred shares let institutions play while keeping common shareholders (mostly) happy—a classic ‘have your cake and HODL it too’ move.

The Cynic’s Corner

‘Innovative capital raise’ or just proof that 2025’s Wall Street would pawn its grandmother’s silver for Bitcoin exposure? Either way, the SEC’s coffee machine just overheated.

One thing’s clear: When traditional finance starts funding crypto plays with its fanciest securities, the game’s changed. Again.