Bold $4.2B STRD Stock Sale: Wall Street’s Backdoor Play to Hoard More Bitcoin

Wall Street's latest crypto gambit just went nuclear. STRD's board greenlit a $4.2 billion equity dump—not for R&D or acquisitions, but to double down on Bitcoin. Because when traditional markets wobble, why not YOLO into decentralized hard money?

The institutional FOMO is real. With Bitcoin hovering near all-time highs, corporate treasuries are treating BTC like a balance sheet life raft. STRD's move mirrors MicroStrategy's playbook—but with 3x the audacity.

Market cynics are already groaning. 'Another case of executives using shareholder money to chase crypto hype,' quipped one hedge fund manager while secretly recalculating his own BTC exposure. The irony? This stock-based fundraising might actually work—Bitcoin's 2025 rally shows no signs of slowing.

One thing's certain: When legacy finance starts selling equity to buy crypto, we've entered capitalism's meme era. Buckle up.

$4.2B sale comes after Strategy’s Bitcoin hiatus

The latest purchase comes after a brief hiatus in the weekly reporting period from June 30 and July 9. This was the first week in which Strategy made no Bitcoin purchases since early April, briefly pausing its aggressive BTC accumulation.

The last time that Strategy raised capital was on June 10 this year in an underwritten public offering. At the time, the company raised $979.7 million from direct investments from investment banks. These banks bought shares upfront and then sold them to the public.

So far, Strategy has amassed $64.4 billion worth of Bitcoin, or 597,325 BTC. This accumulation brought $22 billion in unrealized profits, as this BTC was bought for a total of $42.4 billion. The total amount of Strategy’s BTC tokens now makes up nearly 3% of the total supply, making it by far the largest corporate holder.

Still, its Leveraged Bitcoin purchases are causing some concerns over sustainability, especially if Bitcoin’s price falls substantially.