Crypto Whale Gobbles Up 4,020 Bitcoin in $427M Power Move—Now Holds 580,250 BTC

Another day, another nine-figure bet on digital gold. While traditional finance scrambles to justify its 0.5% yield savings accounts, an unnamed strategy just dropped $427 million to bulk up its Bitcoin war chest—adding 4,020 coins to a staggering 580,250 BTC total holding.

This ain’t your grandma’s ’diversified portfolio.’ That much BTC could buy a small country—or at least its central bank. The move screams conviction while the SEC still debates whether crypto is ’real’ enough to regulate.

Funny how the ’bubble’ keeps attracting half-billion-dollar buy-ins. Maybe Wall Street’s ’risky asset’ narrative needs a software update.

Strategy raised funds through three active share sale programs

To raise the $427 million, Strategy sold shares through three different ATM setups. It sold 847,000 shares of Class A common stock (MSTR), bringing in $348.7 million under its $21 billion MSTR share sale program, which started May 1. After this round, the company still has about $18.63 billion worth of stock left to issue through that program.

The firm also raised $67.9 million by selling 678,970 shares of its 8.00% Series A perpetual strike preferred stock (STRK). This STRK ATM program was launched on March 10, 2025, and has a total size of $21 billion, with about $20.72 billion still unused.

In addition, Strategy used its brand new STRF ATM offering, established just days ago on May 22, to raise $10.4 million. This came from the sale of 104,423 shares of its 10.00% Series A perpetual strife preferred stock (STRF). The total size of the STRF program is $2.1 billion, leaving $2.09 billion still available for future fundraising.

All proceeds were calculated net of sales commissions, and every dollar raised went directly into buying Bitcoin. Strategy did not use any debt or borrowings for this round.

The announcement came as Bitcoin rose 2%, pushing back above $110,000, following news that Donald TRUMP extended the deadline on 50% tariffs targeting EU imports. The new decision moves the tariff date to July 9, giving traders and investors temporary breathing room.

As a result, the crypto market responded with a rally. Ethereum, Solana, Dogecoin, and Cardano each gained between 3% and 4%, while traditional markets also saw a lift.

Strategy’s total investment in Bitcoin is now worth over $64 billion based on current prices, and the company also confirmed that the purchases were funded entirely from the MSTR, STRK, and STRF ATM programs.

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