- Oh, darling! Strategy is now facing a class action lawsuit from the U.S. SEC for allegedly misleading investors on the BTC investment approach. Who knew investing could be so scandalous? 💼😏
- Meanwhile, Wall Street experts, led by the ever-optimistic Standard Chartered analysts, are predicting Bitcoin will soar beyond $200k by the end of the year. Talk about a bullish attitude! 🐂💰
On a rather delightful Thursday, May 22, Strategy (NASDAQ: STRK) announced its audacious plans to bolster its Bitcoin (BTC) holdings amidst a rather enthusiastic market. The company has decided to sell 10 percent of its series A perpetual strife preferred stock for the bargain price of $0.001 per share. Yes, you read that right! What a steal! 🤑
As a result, Strategy is anticipating a rather impressive $2.1 billion through its ATM program over an extended period. This announcement follows a previous sales program from March 10, 2025, where they aimed to raise a staggering $21 billion for their 8 percent Series A Perpetual Strike Preferred Stock. Because why not? 💸
Strategy Fuels Bitcoin Price Growth
As Coinpedia previously reported, Strategy has been on a Bitcoin shopping spree, accumulating more coins weekly by leveraging global equity markets. Earlier this week, they proudly announced the acquisition of an additional 7,390 BTC, bringing their total to a jaw-dropping 576,230 Bitcoins. That’s about 2.74 percent of the maximum supply! Talk about a crypto hoarder! 📈
The company’s Bitcoin strategy has inspired other global giants, like MetaPlanet, to jump on the bandwagon. As a result, the supply vs demand shock has sent Bitcoin’s price soaring, creating a delightful bullish sentiment. Who knew economics could be so thrilling? 🎢
After breaking through a previous all-time high on Wednesday, BTC price continued its ascent on Thursday, reaching a new peak of about $111.9k. Wall Street experts are practically giddy with excitement, forecasting Bitcoin to hit $120,000 by the end of Q2 and a staggering $200,000 by late 2025. The bullish crypto sentiment is further fueled by the improving regulatory environment in the U.S., thanks to the GENIUS Act. Isn’t it just fabulous? 🌟
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2025-05-22 22:37