Crypto Giants Raid Wall Street to Fund Bitcoin Shopping Frenzy
Digital asset firms are turning traditional finance into their personal ATM—issuing bonds, IPOs, and secondary offerings to bankroll a relentless BTC accumulation spree. Forget mining rewards or retail inflows; the big players are now playing with Wall Street’s money.
Who needs organic growth when you can leverage capital markets like a hedge fund on Red Bull? The irony? These same companies built their brands railing against the ’corrupt legacy system’ they’re now milking dry. Classic crypto.
As institutional FOMO reaches fever pitch, one question lingers: When the music stops, will these firms be left holding bags—or will they pull off the greatest wealth transfer since the invention of fiat?
113 Publicly Listed Companies hold Bitcoin
MicroStrategy, now renamed “Strategy,” holds 580,000 BTC and boasts a market capitalization exceeding $100 billion, more than the current value of its bitcoin reserves.
As of now, 113 publicly listed companies hold Bitcoin, up from 89 in April, with a combined stash of over 800,000 BTC worth approximately $88 billion.
“Favourable market conditions are drawing capital,” Aaron Chan of FLOW Traders told FT.
“Investors are trying to get in early on the next Strategy.” That momentum is converging with this week’s annual Bitcoin conference in Las Vegas, a high-profile event drawing key players from finance, politics, and crypto.
Among those capitalizing is Twenty One Capital, founded by Jack Mallers and backed by SoftBank, Tether, and Cantor Equity Partners.
The venture expects to hold 42,000 BTC post-merger, valuing the firm at $14.4 billion.
Meanwhile, Strive Asset Management, co-founded by former U.S. presidential candidate Vivek Ramaswamy, aims to raise up to $1.5 billion to fund its own Bitcoin acquisitions.
Bitcoin Treasuries Go Public
Other firms are using mergers to fast-track listings. American Bitcoin, part-owned by Trump’s sons, is merging with Gryphon Mining, whose shares have surged 120%.
KindlyMD, the acquisition partner of Nakamoto Holdings, has seen a 540% rise since their deal. Nakamoto CEO David Bailey said the goal is to “package Bitcoin” into forms accessible to institutional buyers.
While the rally is creating momentum, analysts caution the copycat effect may hit limits.
“The market needs to believe in the strategy,” said Patrick Bush of VanEck, highlighting the unique position of Strategy founder Michael Saylor. “His public visibility plays a key role.”
Just recently, French crypto holding company Blockchain Group announced plans to purchase an additional $72 million worth of Bitcoin following a successful €63.3 million bond sale, as it expands its aggressive treasury strategy.
On May 20, Blackstone, the world’s largest alternative asset manager, made its first MOVE into crypto markets, purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund.
According to a filing with the U.S. Securities and Exchange Commission, Blackstone acquired 23,094 IBIT shares as of March 31, valued at approximately $1.08 million.
Prior to that, shares of Indonesian fintech firm DigiAsia Corp surged by over 91% on May 19, after the Nasdaq-listed company announced plans to raise $100 million to initiate Bitcoin purchases as part of a new treasury strategy.
