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Strategy is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provide industry AI-powered enterprise analytics software.

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La firma japonesa de inversión Metaplanet Inc. (OTC:MTPLF) superó a un par de empresas que cotizan en Nasdaq para convertirse en el quinto mayor tenedor corporativo de Bitcoin (CRYPTO: BTC) el lunes.

Metaplanet compra 1.005 Bitcoin y escala al quinto puesto de empresas con más BTC

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El analista y estratega financiero Tom Lee declaró el lunes que Ethereum (CRYPTO: ETH) desempeñará un papel crucial en el futuro del sector bancario, destacando la justificación para comprar y mantener en reserva la segunda criptomoneda más grande del mundo.

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El presidente ejecutivo de Strategy (NASDAQ:MSTR), Michael Saylor, ha dicho que las empresas de tesorería de Bitcoin (CRYPTO: BTC) pueden aprovechar los enormes mercados de crédito para acelerar la adopción

Michael Saylor impulsa los créditos respaldados por Bitcoin: ¿la próxima revolución financiera?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$160.00</td>
<td>$25.2K</td>
<td>88.6K</td>
<td>115.8K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$160.00</td>
<td>$51.2K</td>
<td>3.7K</td>
<td>10.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$235.00</td>
<td>$104.8K</td>
<td>19.7K</td>
<td>7.1K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$250.00</td>
<td>$110.0K</td>
<td>3.9K</td>
<td>5.3K</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$17.00</td>
<td>$52.6K</td>
<td>2.9K</td>
<td>3.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$400.00</td>
<td>$57.7K</td>
<td>15.5K</td>
<td>3.3K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$275.00</td>
<td>$90.1K</td>
<td>2.1K</td>
<td>2.8K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$20.00</td>
<td>$40.9K</td>
<td>3.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$25.00</td>
<td>$44.0K</td>
<td>1.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$55.00</td>
<td>$29.7K</td>
<td>9.8K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on July 11, 2025. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $252.0 per contract. There were 88681 open contracts at this strike prior to today, and today 115803 contract(s) were bought and sold. 
• Regarding CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on July 3, 2025. Parties traded 150 contract(s) at a $160.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $51.2K, with a price of $345.0 per contract. There were 3751 open contracts at this strike prior to today, and today 10708 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option trade with bullish sentiment. It expires in 42 day(s) on August 15, 2025. Parties traded 699 contract(s) at a $235.00 strike. The total cost received by the writing party (or parties) was $104.8K, with a price of $150.0 per contract. There were 19715 open contracts at this strike prior to today, and today 7135 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option sweep that happens to be bearish, expiring in 14 day(s) on July 18, 2025. This event was a transfer of 500 contract(s) at a $250.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $110.0K, with a price of $220.0 per contract. There were 3907 open contracts at this strike prior to today, and today 5310 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on July 11, 2025. Parties traded 1548 contract(s) at a $17.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $52.6K, with a price of $34.0 per contract. There were 2904 open contracts at this strike prior to today, and today 3793 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on July 11, 2025. Parties traded 50 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $57.7K, with a price of $1155.0 per contract. There were 15522 open contracts at this strike prior to today, and today 3348 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on July 11, 2025. Parties traded 175 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $90.1K, with a price of $515.0 per contract. There were 2101 open contracts at this strike prior to today, and today 2883 contract(s) were bought and sold. 
• Regarding QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on July 3, 2025. Parties traded 372 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.9K, with a price of $110.0 per contract. There were 3648 open contracts at this strike prior to today, and today 2240 contract(s) were bought and sold. 
• Regarding SEDG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), we observe a put option trade with bullish sentiment. It expires in 196 day(s) on January 16, 2026. Parties traded 78 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $565.0 per contract. There were 1671 open contracts at this strike prior to today, and today 1500 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with bullish sentiment. It expires in 42 day(s) on August 15, 2025. Parties traded 100 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $297.0 per contract. There were 9817 open contracts at this strike prior to today, and today 1490 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

AVGO

CRWV

NVDA

ORCL

QUBT

SEDG

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Editor's Note: The headline in this story has been updated to reflect Strategy's recent name change. Crypto analyst Willy Woo recently proposed a unique strategy for creating a U.S. strategic reserve, which includes the nationalization of the Michael Saylor co-founded Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).
What Happened:&nbsp;In an X post on Wednesday, Woo outlined his hypothetical playbook for establishing a U.S. strategic reserve. 
He suggested revaluing&nbsp;the gold strategic reserve to&nbsp;market price and selling it for cash. The next step, according to Woo, would be to nationalize Strategy Inc., especially during a bear market when mNAV is low, and pay all shareholders fair value. This would allow for bulk Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) purchases&nbsp;without driving up the&nbsp;price.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If I was to create a US strategic reserve, this would be my playbook. 1) Revalue the gold strategic reserve to market price, sell it for cash 2) Nationalise MSTR, ideally when mNAV is low during a bear market, pay out all shareholders fairvalue. This is bulk BTC purchase…
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1940864120276111400?ref_src=twsrc%5Etfw">July 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Woo further explained that Strategy shareholders would then scramble&nbsp;to buy back their BTC&nbsp;exposure,&nbsp;driving up the price exponentially.&nbsp;The remaining cash could then be used to buy more BTC. Lastly, Woo proposed announcing an X-prize style competition for&nbsp;the US private space industry&nbsp;to mine near-Earth asteroids&nbsp;for commodities.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46238065/vlad-tenev-says-openai-spacex-tokens-not-technically-equity-after-chatgpt-parent-questions-giveaway-robinhood-ceo-calls-it-seed-for-something-bigger">Vlad Tenev Says OpenAI, SpaceX Tokens Not &#8216;Technically&#8217; Equity After ChatGPT Parent Questions Giveaway, Robinhood CEO Calls It &#8216;Seed&#8217; For Something Bigger</a> Why It Matters:&nbsp;Strategy has been making significant strides in the cryptocurrency space.&nbsp;According to Tom Lee, head of research at Fundstrat Global Advisors, the company could <a href="https://www.benzinga.com/crypto/25/06/46089976/tom-lee-says-microstrategy-could-outpace-bitcoin-gains-goes-up-a-lot-more-as-btc-rallies">potentially outperform</a> Bitcoin itself as the cryptocurrency rallies. Furthermore,&nbsp;Strategy Inc. recently acquired an <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45949930/strategy-acquires-1-05-billion-in-bitcoin-pushes-holdings-to-592100-btc-with-19-1-yield-in-2025">additional</a> 10,100 Bitcoin. 
Currently, Strategy is the largest corporate holder of Bitcoin with 576,230 coins in its stockpile, which are valued at $40.2 billion, according to data from Coingecko. Other large holders of the apex cryptocurrency include Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>). 
Price Action: On Thursday, Strategy stock closed 0.4% higher at $403.99. Since the year began, it has shot up 35%. Bitcoin rose 0.5% to $109.483.89, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro.</a>
Benzinga's Edge Stock Rankings indicate Strategy has a Momentum in the 97th percentile. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how it ranks</a> on other parameters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="444" height="276" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03210023/Screenshot-2025-07-04-at-10.00.04.png" alt="" class="wp-image-972693" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03210023/Screenshot-2025-07-04-at-10.00.04.png 444w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/03210023/Screenshot-2025-07-04-at-10.00.04-300x186.png 300w" sizes="(max-width: 444px) 100vw, 444px" /></a></figure>
Photo courtesy: PJ McDonnell / Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46238410/bitcoin-gets-bigger-the-more-money-central-banks-print-says-popular-crypto-analyst-its-a-beautiful-thing">Bitcoin Gets &#8216;Bigger&#8217; The More Money Central Banks Print, Says Popular Crypto Analyst: &#8216;It&#8217;s A Beautiful Thing&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

Nationalize Michael Saylor's Strategy? Crypto Analyst's Nuclear Option 'Playbook' For US Bitcoin Dominance (CORRECTED)

Wall Street loves a good comeback tale, and June&#8217;s <a href="https://www.benzinga.com/etfs">ETF flows</a> provided just that. With $102.7 billion in net inflows, according to FactSet data, the U.S. ETF business rebounded from its April slowdown, posting a 17% increase over May and taking total assets under management to $11.5 trillion. But the real tale? A few ETFs and issuers have left everyone else in the dust, flashing neon signs that investors are wagering on high-beta (highly volatile) funds.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45680211/3-high-beta-etfs-to-consider-as-wall-street-welcomes-court-ruling-on-tariffs-tech-rebound">3 High Beta ETFs To Consider As Wall Street Welcomes Court Ruling On Tariffs, Tech Rebound</a>
<h2 class="wp-block-heading">High-Conviction Inflows</h2>
Rafferty Asset Management booked a stunning $256.6 million in June inflows, a 730% recovery from May&#8217;s painful outflow of more than $40 million. Close behind was Tuttle Capital, taking in $68.7 million, another flip after a drubbing in May. Toroso Investments generated $7.8 million in new inflows, a small but significant amount.
What&#8217;s driving it? A league of single-stock and leveraged ETFs that are high-risk, high-reward, and extremely popular today.
Eight issuers launched 23 <a href="https://www.benzinga.com/etfs/new-etfs/25/07/46203728/quantum-ai-nuclear-three-frontiers-one-launchpad-powered-by-defiance-etfs" target="_blank" rel="noopener">new single-stock ETFs in June</a> — a notable increase. They are not for the weak of heart: 75% are geared (leveraged/inverse) and target tactical, high-conviction trades. Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) continue to be investor favorites, receiving the most issuer attention.
<h2 class="wp-block-heading">Funds That Dominated In June</h2>
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Fund</th>
<th>Type</th>
<th>June Net Flow</th>
</tr>
</thead>
<tbody>
<tr>
<td>Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSL#NASDAQ">TSL</a>)</td>
<td>Leveraged</td>
<td>$134.9 million</td>
</tr>
<tr>
<td>YieldMax MSTR Option Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSTY#NYSE">MSTY</a>)</td>
<td>Single-Stock</td>
<td>$83.9 million</td>
</tr>
<tr>
<td>GraniteShares 2x Long PLTR ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTIR#NASDAQ">PTIR</a>)</td>
<td>Leveraged</td>
<td>$34.9 million</td>
</tr>
<tr>
<td>T-Rex 2x Long NVDA ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDX#BATS">NVDX</a>)</td>
<td>Leveraged</td>
<td>$52.8 million</td>
</tr>
<tr>
<td>Direxion AAPL Bull 2X ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPU#NASDAQ">AAPU</a>)</td>
<td>Leveraged</td>
<td>$45.3 million</td>
</tr>
<tr>
<td>Direxion MSFT Bull 2X ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFU#NASDAQ">MSFU</a>)</td>
<td>Leveraged</td>
<td>$39.6 million</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: FactSet</figcaption></figure>
Altogether, these six ETFs collectively brought in more than $391 million in June, predominantly from leveraged bets on the large-cap tech giants.
Looking at year-to-date inflows, FactSet revealed:
<ul class="wp-block-list">
<li>TSL (Tesla 2X) tops YTD flows with $310.8 million.</li>
<li>MSTY (MicroStrategy option income) takes second with $198 million.</li>
<li>PTIR (Palantir 2X) is not far behind at $98.6 million.</li>
</ul>
<h2 class="wp-block-heading">Sector Signals: Where The Money Is Heading</h2>
June&#8217;s sector flows told a distinct story: investors are gravitating back into Tech, Consumer Discretionary, and Communication Services— all areas connected to AI, platforms, and online consumption. 
Financials, Energy, and Health Care experienced ongoing outflows, meanwhile. This was evident from the $707 million inflows recorded in SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), $459 million in Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) and $601 million in the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>). 
Conversely, $1.5 billion flowed out of SPDR Select Sector Fund &#8211; Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), $303 million from SPDR Select Sector Fund &#8211; Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and $661 million from SPDR Select Sector Fund &#8211; Health Care (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>).
And while fixed income flows fell 16% to $32 billion, equity flows rose 29% to $57 billion, showing that investors aren&#8217;t quite risk-averse, but are merely growing more discerning.
<h2 class="wp-block-heading">Watch The Leaders, Read The Signals</h2>
Although June&#8217;s overall inflows were robust, it&#8217;s the degree to which investor money has flowed into a handful of high-beta ETFs that&#8217;s most illustrative. It is a sign of unprecedented conviction, not merely in big tech and AI, but in tactical, aggressive investing. Whether the giants of this rally can sustain their dominance will be determined by macro tailwinds and how long this momentum mojo can last.
For the time being, the message from ETF land is unmistakable: risk is back on, primarily for those fearless enough to ride it 2X.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/bonds/25/07/46252249/vanguard-plans-low-cost-junk-bond-etf-as-demand-for-high-yield-grows">Vanguard Plans Low-Cost Junk Bond ETF As Demand For High-Yield Grows</a></li>
</ul>
Photo: NicoElNino via Shutterstock

Sector ETFs

Specialty ETFs

ETFs

AAPU

MSFU

Tidal Trust II YieldMax MSTR Option Income Strategy ETF

MSTY

ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF

NVDX

PLTR

PTIR

TSLA

Tesla, Nvidia, Palantir ETFs Dominate As Traders Pile Into High-Risk Bets In June

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$160.00</td>
<td>$25.2K</td>
<td>88.6K</td>
<td>115.8K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$160.00</td>
<td>$51.2K</td>
<td>3.7K</td>
<td>10.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$235.00</td>
<td>$104.8K</td>
<td>19.7K</td>
<td>7.1K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$250.00</td>
<td>$110.0K</td>
<td>3.9K</td>
<td>5.3K</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$17.00</td>
<td>$52.6K</td>
<td>2.9K</td>
<td>3.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$400.00</td>
<td>$57.7K</td>
<td>15.5K</td>
<td>3.3K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$275.00</td>
<td>$90.1K</td>
<td>2.1K</td>
<td>2.8K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$20.00</td>
<td>$40.9K</td>
<td>3.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$25.00</td>
<td>$44.0K</td>
<td>1.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$55.00</td>
<td>$29.7K</td>
<td>9.8K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on July 11, 2025. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $252.0 per contract. There were 88681 open contracts at this strike prior to today, and today 115803 contract(s) were bought and sold. 
• For CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 150 contract(s) at a $160.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $51.2K, with a price of $345.0 per contract. There were 3751 open contracts at this strike prior to today, and today 10708 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bullish, expiring in 43 day(s) on August 15, 2025. This event was a transfer of 699 contract(s) at a $235.00 strike. The total cost received by the writing party (or parties) was $104.8K, with a price of $150.0 per contract. There were 19715 open contracts at this strike prior to today, and today 7135 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option sweep that happens to be bearish, expiring in 15 day(s) on July 18, 2025. This event was a transfer of 500 contract(s) at a $250.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $110.0K, with a price of $220.0 per contract. There were 3907 open contracts at this strike prior to today, and today 5310 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on July 11, 2025. This event was a transfer of 1548 contract(s) at a $17.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $52.6K, with a price of $34.0 per contract. There were 2904 open contracts at this strike prior to today, and today 3793 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, expiring in 8 day(s) on July 11, 2025. This event was a transfer of 50 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $57.7K, with a price of $1155.0 per contract. There were 15522 open contracts at this strike prior to today, and today 3348 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on July 11, 2025. This event was a transfer of 175 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $90.1K, with a price of $515.0 per contract. There were 2101 open contracts at this strike prior to today, and today 2883 contract(s) were bought and sold. 
• For QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 372 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $40.9K, with a price of $110.0 per contract. There were 3648 open contracts at this strike prior to today, and today 2240 contract(s) were bought and sold. 
• Regarding SEDG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), we observe a put option trade with bullish sentiment. It expires in 197 day(s) on January 16, 2026. Parties traded 78 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $565.0 per contract. There were 1671 open contracts at this strike prior to today, and today 1500 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be bullish, expiring in 43 day(s) on August 15, 2025. This event was a transfer of 100 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $297.0 per contract. There were 9817 open contracts at this strike prior to today, and today 1490 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Corporate crypto treasury strategies offer substantial opportunities but also carry the risk of a damaging feedback loop, according to a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148645/bitcoin-heavyweight-strategy-faces-multiple-securities-fraud-lawsuits-over-btc-treasury-disclosures-report">Franklin Templeton Digital Assets report.</a>
What Happened: The firm <a href="https://www.theblock.co/post/360913/franklin-templeton-flags-uncertain-outlook-for-crypto-treasury-firms-citing-dangerous-feedback-loop-risk?utm_source=rss&amp;utm_medium=rss">noted</a> in its report published on Wednesday the growing number of publicly traded companies adopting crypto treasury models, where businesses raise capital to purchase and hold crypto assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) on their balance sheets.
According to Bitcoin Treasuries data, around 135 public companies are now following this approach with Bitcoin alone.
Inspired by Michael Saylor's playbook at Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), these companies have collectively raised billions of dollars since early 2024 through instruments such as equity offerings, convertible notes, preferred shares, private placements, and in some cases, SPACs or reverse mergers.
Beyond Strategy's leadership in Bitcoin, other key players include Metaplanet (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>), Twenty One, SharpLink, Upexi, and Sol Strategies, each focusing on specific crypto assets like Bitcoin, Ethereum, or Solana.
Franklin Templeton analysts highlighted the key advantage of this model: companies can raise capital at a premium to their net asset value (NAV), meaning they can issue shares at a price higher than the value of the crypto they hold. 
This dynamic, they noted, is supported by crypto's inherent price volatility, which increases the value of embedded options in instruments like convertible notes.
Rising crypto prices can also create a positive feedback loop where higher valuations attract new investors, reinforcing stock price gains and enabling further capital raises. 
For firms holding Proof-of-Stake assets like Ethereum and Solana, staking provides an additional revenue stream that compounds potential returns.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46228386/inside-the-trump-familys-620-million-crypto-empire">Anthony Scaramucci Predicts Bitcoin Treasury Frenzy &#8216;Will Fade&#8217;</a>
Why It Matters: Franklin Templeton warned that the strategy is not without significant risks.
If a company's stock price falls below its NAV, issuing new shares would dilute existing investors and could halt capital inflows, disrupting the growth cycle. 
Falling crypto prices could spark a negative spiral, where companies are forced to sell assets to stabilize their stock price, which would further depress crypto markets and erode investor confidence.
&#8220;The corporate crypto treasury model is a new phase of institutional adoption, but managing the premium to NAV and navigating market volatility will be critical to the model's survival,&#8221; the analysts concluded. 
A sustained market drawdown or an extended bear market could quickly make these companies highly risky bets.
Analysts at Presto Research have also flagged that the risks of liquidation or collapse within the crypto treasury sector are real, though they argue these risks are more nuanced than previous crises like Terra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">LUNC</a>) or Three Arrows Capital. 
Meanwhile, Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Institutional's David Duong has warned that aggressive, leveraged corporate crypto buying could eventually pose systemic risks, though near-term pressures remain contained.
Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46227149/every-new-trillion-of-debt-in-trumps-big-beautiful-bill-is-free-adertising-for-bitcoin-expert-states">Every New Trillion Of Debt In Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Is &#8216;Free Adertising For Bitcoin,&#8217; Expert States</a></li>
</ul>
Image: Shutterstock

$LUNC

$SOL

Bitcoin, Ethereum, Solana Treasury Companies Need To Manage Market Volatility, Franklin Templeton Report Warns

Alert signals a steady climb of over 20 points for MSTR
<figure class="wp-block-image size-large"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/02205739/Screenshot-2025-07-02-at-4.54.16%E2%80%AFPM-1018x1024.png" alt="" class="wp-image-15249" /></figure>
Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:13 AM on July 2nd. a significant trading signal occurred for Strategy Inc. (MSTR) as it demonstrated a Power Inflow at a price of $384.32. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in MicroStrategy's stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in MicroStrategy's stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock's overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for MSTR,<a href="https://benzinga.grsm.io/register174"> Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like&nbsp; <a href="https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_July2025">https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_July2025</a>
After Market Close UPDATE:
The price at the time of the Power Inflow was $384.32. The returns on the High price ($405.30) and Close price ($402.39) after the Power Inflow are respectively 5.5% and 4.7%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite.
Past performance is not indicative of future results

Technicals

Opinion

Signals

Trading Ideas

Strategy Stock Rises 5.5% After Key Trading Signal

Anthony Scaramucci, founder and managing partner of SkyBridge Capital, believes the recent surge in public companies adopting <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46201788/public-companies-are-quietly-building-massive-bitcoin-treasuries-faster-than-etfs-can-keep-up">crypto treasury strategies</a> is unlikely to last.
What Happened: In an interview with Blooomberg, Scaramucci <a href="https://www.bloomberg.com/news/articles/2025-07-02/scaramucci-says-crypto-treasury-company-trend-will-fade-away?embedded-checkout=true">said</a> the current wave of firms mimicking Michael Saylor's Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury model is likely to fade over time.
"We're seeing this replication of the crypto treasury company idea right now," Scaramucci said. "But eventually, that will fade."
According to Scaramucci, investors may soon realize it makes little sense to pay a premium for shares in companies that primarily hold Bitcoin or other crypto assets, assets that investors could purchase directly themselves. 
"Why pay the middleman?" he asked.
Over the past year, several public companies have aggressively pursued crypto treasury strategies, inspired by Saylor's playbook at Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) (formerly MicroStrategy). 
The latest is BitMine Immersion Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), a Bitcoin mining firm that announced a $250 million private raise this week to build an Ethereum treasury.
BitMine also appointed Thomas Lee, founder of Fundstrat and a frequent CNBC contributor, as its board chairman.
Many of these companies have sought to differentiate themselves by enlisting high-profile advisors. 
Examples include Eric Trump, who serves on the board of Metaplanet (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>), often referred to as Japan's answer to Strategy and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) co-founder Joe Lubin, who is chairman at Sharplink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), a former betting company now focused on Ethereum treasury management.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46228386/inside-the-trump-familys-620-million-crypto-empire">Inside The Trump Family&#8217;s $620 Million Crypto Empire</a>
"Saylor's position is unique because Strategy is now offering multiple products," Scaramucci said. "I'm not criticizing the others—I'm bullish on Bitcoin—but investors need to carefully examine the hidden costs within each of these crypto treasury firms."
SkyBridge's crypto-focused ETF, the First Trust SkyBridge Crypto Industry and Digital Economy ETF, lists Strategy as its largest holding. 
Saylor also wrote the foreword to Scaramucci's recently published Bitcoin book.
Why It Matters: While Wall Street has launched an increasing number of crypto ETFs and diversified investment products, some of which compete with crypto treasury firms like Strategy, Strategy remains one of the year's top-performing crypto-related stocks.
Strategy has funded its extensive Bitcoin purchases through a complex mix of stock and debt offerings, including convertible notes and, most recently, preferred shares.
The crypto treasury model has also faced criticism. Short-seller Jim Chanos recently labeled Saylor's approach as &#8220;financial gibberish,&#8221; arguing that investors would be better off buying Bitcoin directly rather than paying premiums for shares in companies like Strategy. 
Saylor dismissed Chanos's concerns, defending the premium that Strategy's shares command over its Bitcoin holdings.
Scaramucci raised a similar question. 
"If you give a company $10 and they put $8 into Bitcoin, will they make money? Probably. But you might have done better just buying $10 worth of Bitcoin yourself. That's the real issue," he said.
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</ul>
Image: Shutterstock

Short Sellers

SBET

Anthony Scaramucci Predicts Bitcoin Treasury Frenzy 'Will Fade'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$225.00</td>
<td>$63.0K</td>
<td>1.3K</td>
<td>18.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$492.50</td>
<td>$29.9K</td>
<td>2.0K</td>
<td>6.8K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$270.00</td>
<td>$60.5K</td>
<td>1.8K</td>
<td>2.9K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$220.00</td>
<td>$161.4K</td>
<td>8.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>TEAM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$220.00</td>
<td>$84.0K</td>
<td>55</td>
<td>1.2K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$157.50</td>
<td>$65.2K</td>
<td>63</td>
<td>1.1K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$22.00</td>
<td>$71.4K</td>
<td>5.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$18.00</td>
<td>$40.4K</td>
<td>14.7K</td>
<td>712</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$135.00</td>
<td>$58.4K</td>
<td>4.4K</td>
<td>571</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$185.00</td>
<td>$150.0K</td>
<td>1.6K</td>
<td>521</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option trade that happens to be bearish, expiring in 9 day(s) on July 11, 2025. This event was a transfer of 3000 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $21.0 per contract. There were 1304 open contracts at this strike prior to today, and today 18902 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on July 3, 2025. This event was a transfer of 265 contract(s) at a $492.50 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $113.0 per contract. There were 2065 open contracts at this strike prior to today, and today 6811 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be neutral, expiring in 9 day(s) on July 11, 2025. This event was a transfer of 100 contract(s) at a $270.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $60.5K, with a price of $605.0 per contract. There were 1841 open contracts at this strike prior to today, and today 2902 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option trade that happens to be bearish, expiring in 44 day(s) on August 15, 2025. This event was a transfer of 120 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $161.4K, with a price of $1345.0 per contract. There were 8729 open contracts at this strike prior to today, and today 1401 contract(s) were bought and sold. 
• Regarding TEAM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on July 11, 2025. Parties traded 1200 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $84.0K, with a price of $70.0 per contract. There were 55 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold. 
• For CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on August 1, 2025. This event was a transfer of 25 contract(s) at a $157.50 strike. The total cost received by the writing party (or parties) was $65.2K, with a price of $2610.0 per contract. There were 63 open contracts at this strike prior to today, and today 1133 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bearish sentiment. It expires in 107 day(s) on October 17, 2025. Parties traded 300 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $71.4K, with a price of $238.0 per contract. There were 5858 open contracts at this strike prior to today, and today 1054 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option sweep that happens to be bullish, expiring in 44 day(s) on August 15, 2025. This event was a transfer of 200 contract(s) at a $18.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $202.0 per contract. There were 14760 open contracts at this strike prior to today, and today 712 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with neutral sentiment. It expires in 44 day(s) on August 15, 2025. Parties traded 86 contract(s) at a $135.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $58.4K, with a price of $680.0 per contract. There were 4483 open contracts at this strike prior to today, and today 571 contract(s) were bought and sold. 
• Regarding FSLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on July 11, 2025. Parties traded 410 contract(s) at a $185.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $150.0K, with a price of $360.0 per contract. There were 1664 open contracts at this strike prior to today, and today 521 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Core Scientific, Inc. - Class A Common Stock

CORZ

FSLR

INTC

MSFT

TEAM

10 Information Technology Stocks With Whale Alerts In Today's Session

U.S. stocks climbed on Wednesday, with the S&amp;P 500 setting fresh record highs after a surprise decline in private payrolls boosted expectations <a href="https://www.benzinga.com/markets/economic-data/25/07/46218795/labor-market-payrolls-june-interest-rates">of Federal Reserve rate cuts.</a>
The ADP National Employment Report showed private employers shed 33,000 jobs in June 2025 — the first monthly contraction since March 2023. The sharp miss reinforced market bets that the Fed may ease policy sooner than expected. Economists now expect Friday's official nonfarm payrolls report to show a slowdown from 139,000 to 110,000 jobs.
Rate cut odds rose sharply. Markets now see a 25% chance of a July cut and fully price in a reduction by September. A second cut by December is also fully priced in.
The S&amp;P 500 jumped above 6,200 points, notching new record highs. The Nasdaq 100 rose 0.8% to 22,650, nearing its all-time peak, while the Dow Jones Industrial Average held steady around 44,500. Small-cap stocks outperformed for the second consecutive session.
On the trade front, President Donald Trump announced a new agreement with Vietnam. Under the terms, Vietnam will impose a 20% tariff on all exports to the U.S. and a 40% tariff on transshipped goods, while granting &#8220;total access&#8221; to U.S. companies seeking to enter its domestic market.
In currency markets, the U.S. dollar rose 0.3%, breaking a long losing streak. Treasury yields climbed, with the 30-year yield rising 8 basis points to 4.85%.
Commodities strengthened across the board. Gold rose 0.5%, silver gained 1.2%, and WTI crude oil surged 1.9%.
Crypto markets rallied, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbing 3.5% to $109,550.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg. %</td>
</tr>
<tr>
<td>• Russell 2000</td>
<td>2,216.07</td>
<td>0.9%</td>
</tr>
<tr>
<td>• Nasdaq 100</td>
<td>22,650</td>
<td>0.8%</td>
</tr>
<tr>
<td>• S&amp;P 500</td>
<td>6,222.44</td>
<td>0.4%</td>
</tr>
<tr>
<td>• Dow Jones</td>
<td>44,500.39</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) rose 0.3% to $569.44.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% down to $444.43.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.7% to $550.61.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.9% to $219.94.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.9%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.8%.</li>
<li></li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul class="wp-block-list">
<li>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) rallied over 5% after expecting about $14 billion in unrealized gains from Bitcoin in the second quarter. </li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares fell 4.1% to $376.11 after Rothschild &amp; Co Redburn downgraded the design software maker from Neutral to Sell and slashed its price target from $420 to $280.</li>
<li>Quantum computing stocks rallied after Cantor Fitzgerald initiated coverage with Overweight ratings on Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), and IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>). Shares rose 8.7%, 0.9%, and 2.4%, respectively.</li>
<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) rose 4.5% despite posting weaker-than-expected earnings, as the company maintained its full-year 2025 guidance.</li>
<li>First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) surged 8% to after RBC Capital Markets said the new U.S.-Vietnam trade deal could positively impact the solar manufacturer. 

</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46225431/alphabet-stock-google-analysis-valuations-outlook">This Magnificent 7 Stock Is Absurdly Cheap – It Probably Won&#8217;t Stay That Way For Long</a> Photo: Shutterstock<a href="https://www.benzinga.com/markets/tech/25/07/46225431/alphabet-stock-google-analysis-valuations-outlook"> </a></li>
</ul>

Government

Large Cap

Regulations

Emerging Markets

Econ #s

ADBE

SPDR Dow Jones Industrial Average ETF Trust

IONQ

QBTS

RGTI

S&P 500 Tops Record Highs, Bitcoin Rallies As Traders Raise Rate Cut Bets: What's Moving Markets Wednesday?

President Donald Trump's widely debated &#8220;Big Beautiful Bill&#8221; <a href="https://www.benzinga.com/news/financing/25/07/46215975/trumps-big-beautiful-bill-offers-seniors-a-6000-bonus-tax-deduction-heres-how-you-qualify-for-the-">passed through the Senate</a> overnight, setting the stage for major fiscal expansion and prompting several market analysts to point to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a potential long-term beneficiary.
Experts suggest the bill's projected impact on government spending, inflation, and the U.S. dollar could drive a shift toward Bitcoin as investors look for alternative stores of value.
What Experts Are Saying: Speaking with Benzinga, Steven Rossi, CEO of Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>), noted that the bill's large spending commitments could increase Bitcoin's appeal as a hedge against inflation.
"The bill could drive Bitcoin's appeal as an inflation hedge amid its $3.3 trillion deficit, with companies like Worksport and Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) holding Bitcoin in their treasuries to counter fiat devaluation," Rossi said. 
However, he warned that without the inclusion of Senator Cynthia Lummis' (R-Wyo.) proposed crypto tax incentives, adoption could remain limited.
Rossi added that the House's potential to add these tax breaks could significantly accelerate Bitcoin's growth.
Joshua Field, Managing Partner at Contango Digital, told Benzinga that unchecked government spending remains a bipartisan issue. 
"It doesn't matter which party is in control, more spending is always on the table," Field said. 
He expects persistent inflationary pressure to continue, which could reinforce Bitcoin's position as a preferred safe-haven asset over the next few years.
<a href="https://editorial.benzinga.com/wp-admin/post.php?post=970310&amp;action=edit">Also Read: Bitcoin&#8217;s Halving Cycle Is &#8216;Over&#8217;, Standard Chartered Affirms: What That Means For You</a>
Steven Willinger, General Partner at Blockchain Builders Fund, said the bill is likely to push asset prices higher but at the expense of the dollar's strength and long-term debt stability. 
Willinger pointed out that the bill's fiscal stimulus, combined with recent political positioning that challenges Federal Reserve Chair Jerome Powell's independence, may lead to faster interest rate cuts. 
"Bitcoin was created as an alternative monetary system and store of value to provide an option outside of the current political constraints," Willinger said. 
He expects Bitcoin and correlated assets to appreciate significantly in the near to medium term.
Willinger also highlighted the bill's indirect impact on the crypto sector, noting that it reduces regulatory hurdles for small crypto businesses and payment platforms. 
He emphasized that the successful passage of the bill could open the door for the GENIUS Stablecoin Act and future digital asset legislation, offering much-needed regulatory clarity for the industry.
James Toledano, COO of Unity Wallet, described the bill as a "double-edged sword" for Bitcoin. 
"The bill's massive fiscal expansion may weaken the dollar and stoke inflation, potentially boosting Bitcoin's ‘digital gold' appeal," Toledano said. 
However, he cautioned that fiscal uncertainty could increase volatility in crypto markets, pointing to Bitcoin's dip below $106,000 during Senate proceedings as an example.
Why It Matters: Kyle Chassé, CEO of MV Global and Founder of PAID, described the bill's approval as an indirect endorsement of Bitcoin's long-term relevance.
"Washington just wrote itself a record-breaking $5 trillion IOU—and every new trillion is free advertising for Bitcoin," Chassé said. 
He noted that rising liquidity and ballooning deficits typically push investors toward decentralized assets like Bitcoin, which are viewed as inflation-resistant stores of value. 
Chassé projected that Bitcoin could reach $225,000 by year-end, supported by the anticipated expansion in the money supply.
While the bill's centerpiece focuses on tax relief for older Americans, particularly a new deduction of up to $6,000 per filer over the age of 65, budget experts warn that the bill could strain Social Security's finances. 
The Committee for a Responsible Federal Budget estimated that the bill's provisions could push the Social Security trust fund's depletion date from early 2033 to late 2032, raising long-term solvency concerns.
As the House prepares to reconcile the final version of the bill, financial markets and crypto traders will closely monitor whether additional crypto-specific tax reforms are included, a key factor experts say could shape Bitcoin's next major move.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/07/46214968/bitcoin-to-hit-200-000-in-2025-but-new-eth-sol-highs-remain-in-doubt-bitwise-says">Bitcoin To Hit $200,000 In 2025, But New ETH, SOL Highs Remain In Doubt, Bitwise Says</a></li>
</ul>
Image: Shutterstock

WKSP

Every New Trillion Of Debt In Trump's 'Big Beautiful Bill' Is 'Free Adertising For Bitcoin,' Expert States

Genius Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNS#NYSE">GNS</a>) boosted its cryptocurrency reserves by 20% on July 1, 2025, purchasing additional Bitcoin (CRYPTO: BTC/USD) and <a href="https://www.benzinga.com/pressreleases/25/07/g46217187/genius-group-increases-bitcoin-treasury-20-to-120-bitcoin-accelerates-purchase-plan">bringing its total holdings</a> to 120 BTC. 
The move follows a recent decision by a U.S. appellate court that allowed the company to resume crypto acquisitions. The Singapore-based education technology firm secured the new Bitcoin at an average price of $101,539 per coin.
The company has doubled its Bitcoin holdings since May 22, 2025. This increase follows a decision by the U.S. Court of Appeals to stay a Preliminary Injunction that had previously prevented further purchases.
Also Read: <a href="https://www.benzinga.com/m-a/25/06/45865991/genius-group-projects-50-revenue-growth-after-re-acquiring-resorts-division" target="_blank" rel="noreferrer noopener">Genius Group Projects 50% Revenue Growth After Re-Acquiring Resorts Division</a>
Genius has committed to scaling its Bitcoin reserves to 1,000 BTC within six months. The company confirmed it would increase the frequency of purchases in the near term as part of a broader push to grow its digital asset base.
Roger Hamilton, CEO of Genius Group, characterized Bitcoin not only as a strategic asset but also as integral to the company&#8217;s long-term philosophy of value preservation and financial education.
Other companies actively involved in digital assets and education innovation include MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coursera Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>).
Investors interested in related themes may also watch Valkyrie Bitcoin Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTF#NASDAQ">BTF</a>) and Global X Education ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDUT#NASDAQ">EDUT</a>).
Price Action: GNS shares are trading higher by 3.13% at $1.48 at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46201788/public-companies-are-quietly-building-massive-bitcoin-treasuries-faster-than-etfs-can-keep-up" target="_blank" rel="noreferrer noopener">Public Companies Are Quietly Building Massive Bitcoin Treasuries Faster Than ETFs Can Keep Up</a></li>
</ul>
Photo via Shutterstock

Asia

Movers

Tech

COUR

EDUT

Why Genius Group Is Aggressively Stockpiling Bitcoin

Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) has successfully raised approximately $163 million through an underwritten share offering, with the full exercise of underwriters' option enabling the company to launch an Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46177905/inside-tom-lees-plan-to-build-microstrategy-of-ethereum-at-bitmine">treasury initiative.</a>
What Happened: The Nasdaq-listed firm <a href="https://www.prnewswire.com/news-releases/bit-digital-inc-announces-full-exercise-of-underwriters-option-to-purchase-additional-ordinary-shares-302495965.html">issued</a> 86.25 million ordinary shares, securing net proceeds of $162.9 million to acquire and stake ETH as part of its corporate treasury strategy.
This move reflects a growing trend among public companies adopting crypto treasury strategies. 
BitMine Immersion Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>) recently completed a $250 million private placement to establish an ETH treasury, signaling its transition from Bitcoin-only holdings.
Similarly, SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>), a Nasdaq-listed entity, became the largest public ETH holder, expanding its treasury to 198,167 ETH by acquiring an additional 9,468 ETH between June 23–27, funded through a $24.4 million at-the-market equity facility.
In contrast, Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) (formerly MicroStrategy) remains the dominant Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury leader, recently acquiring nearly 5,000 BTC for $532 million. 
The firm now holds over 597,000 BTC, valued at more than $64 billion, financed via its ATM equity program.
Also Read: <a href="http://emaillink.benzinga.com/ls/click?upn=u001.3FxiOxu2VJzSK929J2kTqSeIlFyNpbkS-2F48k9OFOcnYB5gUtiGekn0NWMAC4OoQmp5r-2FwP5MV39J7dl7ewm97TgdtYGtKMPcIgNsOoJME6SkjNCm93MtTRqrI24IvOuNcEai-2Fd2qx77jeEJV-2FWu9jNFcK-2FI4qZMhckVPT7-2FFcctjUk0GJlfotMZ-2FoDH6RYf-2FFsHGK5WFaNIc1mwzW3F2lmWV8ve6fMxIy2cTK9IIJSi8MEtN9XNWvKzd97BjIDHa2D-2FaU-2BO1pk2NsCaOEkI6wC46IyXUmjR2C1uAmDYbUiY-3DNyZf_z0mLPVvoyUidHSq58a39bet-2B3V2yxkpIWIMGgCuPr7BPBFSJnhquYzKea4v1pZEEOLAp098QAlFTIKzXuqO8-2BkhNIdcfQkf5CFZNVdjz4eu5G7OEXA8JfskLc7zxT2Saa7i1Cm5fKlbRIwIU1yY2-2BjfFIujDhJtDcuHnmpwhZtWfgJORtIrQSk19ODVVufT2g14MhBNOqqSKafeoxqFCigXNV1TxZ9blQE7ySVbn7AWL3JwZvbburhcLiE8N1Nx3T5qDsHEXJJSs9chmJUhfsA-3D-3D" target="_blank" rel="noreferrer noopener">Bitcoin&#8217;s Halving Cycle Is &#8216;Over&#8217;, Standard Chartered Affirms: What That Means For You</a>
Why It Matters: The rising institutional interest in Ethereum as a treasury asset highlights the broader appeal of staking yields and decentralized finance utility.
Bit Digital, which launched its ETH staking platform in 2022, now operates one of the largest Ethereum validator and custody infrastructures among public firms.
Meanwhile, corporate interest in Bitcoin treasuries continues to expand. More than 140 publicly traded firms globally, including Marathon Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), and Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), have added BTC to their balance sheets.
These entities follow a playbook popularized by Strategy's aggressive Bitcoin accumulation model.
Industry analysts warn that companies leveraging debt or equity to fund crypto acquisitions may face heightened volatility risk. 
Still, the strategy has attracted significant capital, automated market makers and institutional inflows, that support large-scale crypto treasury initiatives.
Bit Digital's Ethereum treasury raise, alongside similar corporate moves, signals a clear shift in how publicly traded firms are applying digital assets within their treasury portfolios. 
The strategy appears aimed at achieving both on-chain yield and broader token exposure, reflecting evolving corporate finance models.
Read Next: 
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Image: Shutterstock

BTBT

'MicroStrategy Of Ethereum' Approach Gains Popularity As BitDigital Raises $163 Million

A mixed trading session took shape Tuesday on Wall Street, as investors rotated out of high-flying tech stocks <a href="https://www.benzinga.com/markets">and into lagging sectors.</a>
By midday in New York, the Nasdaq 100 dropped 0.7% to 22,500 points, while small caps in the Russell 2000 jumped 1.9% and the Dow Jones Industrial Average climbed 1.2%, reflecting strength in blue-chip and small-cap names. The S&amp;P 500 was flat at 6,200 points.
Shares of Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) fell 4% despite a lack of major news, as investors appeared willing to take some profits following a year-to-date rally of over 70%.
<h1 class="wp-block-heading">Powell Keeps July Rate Cut On the Table</h1>
Speaking at the European Central Bank's symposium in Sintra, Fed Chair Jerome Powell signaled that most officials still expect to cut interest rates later this year. 
Notably, Powell rejected the speculation that a July rate cut is off the table, reaffirming the Fed's data-dependent stance. 
Meanwhile, the U.S. Senate approved President Donald Trump's One Big Beautiful Bill. 
The U.S. dollar index held steady as the greenback attempted to snap a nine-day losing streak against the euro — the longest stretch of declines since 2003. Treasury yields edged slightly higher, with the 10-year note rising three basis points to 4.26%.
On the sector front, materials outperformed, breaking above their 200-day moving average for the first time in 2025. Technology lagged. 
In industry highlights, solar stocks rallied after the Senate approved a tax-and-spending bill that scrapped a proposed excise tax on renewable energy projects. Upward momentum was seen from Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), up 10%; SolarEdge Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), up 9.7% and Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), up 4%, while the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) surged 5.4%.
Commodities advanced broadly, with gold gaining 1% to $3,340 per ounce and silver rising 0.5% to $36.20. Copper edged up 0.2%, reaching its highest level since late March, while oil climbed 1% to $65.71 a barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) softened 1% to $106,000.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day chg. %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,209.86</td>
<td>+1.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,532.74</td>
<td>+1.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,203.82</td>
<td>0.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,530.87</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) edged 0.1% up to $568.25.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.9% to $444.24.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.7% to $547.62.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.2% to $218.26.</li>
<li>The&nbsp;Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) outperformed, up 3%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 0.8%.</li>
</ul>
Read Now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/travel/25/07/46198778/summer-travel-dollar-costs-paris-london-cancun">A Sinking Dollar Is Making Your Dream Vacation Way More Pricey This Year</a> Photo: NicoElNino via Shutterstock<a href="https://www.benzinga.com/news/travel/25/07/46198778/summer-travel-dollar-costs-paris-london-cancun"> </a></li>
</ul>

Macro Economic Events

Eurozone

Economics

Federal Reserve

ENPH

Palantir Stumbles, Solar Stocks Rally As Senate Approves Tax Bill: What's Moving Markets Tuesday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$155.00</td>
<td>$140.1K</td>
<td>63.1K</td>
<td>190.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$207.50</td>
<td>$44.8K</td>
<td>22.8K</td>
<td>104.9K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$130.00</td>
<td>$25.7K</td>
<td>2.7K</td>
<td>14.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$410.00</td>
<td>$98.7K</td>
<td>12.8K</td>
<td>12.4K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$162.50</td>
<td>$195.0K</td>
<td>455</td>
<td>4.3K</td>
</tr>
<tr>
<td>BBAI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$8.00</td>
<td>$120.2K</td>
<td>3.9K</td>
<td>2.7K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$30.00</td>
<td>$275.2K</td>
<td>20.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$400.00</td>
<td>$86.2K</td>
<td>3.3K</td>
<td>1.7K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$70.00</td>
<td>$476.0K</td>
<td>1.4K</td>
<td>562</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$9.50</td>
<td>$33.2K</td>
<td>1.1K</td>
<td>470</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on July 3, 2025. This event was a transfer of 1000 contract(s) at a $155.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $140.1K, with a price of $140.0 per contract. There were 63157 open contracts at this strike prior to today, and today 190687 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on July 3, 2025. This event was a transfer of 200 contract(s) at a $207.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.8K, with a price of $224.0 per contract. There were 22865 open contracts at this strike prior to today, and today 104991 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on July 3, 2025. Parties traded 100 contract(s) at a $130.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $257.0 per contract. There were 2792 open contracts at this strike prior to today, and today 14750 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on July 3, 2025. Parties traded 2759 contract(s) at a $410.00 strike. This particular call needed to be split into 125 different trades to become filled. The total cost received by the writing party (or parties) was $98.7K, with a price of $36.0 per contract. There were 12819 open contracts at this strike prior to today, and today 12441 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a call option trade that happens to be bearish, expiring in 10 day(s) on July 11, 2025. This event was a transfer of 1000 contract(s) at a $162.50 strike. The total cost received by the writing party (or parties) was $195.0K, with a price of $195.0 per contract. There were 455 open contracts at this strike prior to today, and today 4330 contract(s) were bought and sold. 
• For BBAI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), we notice a call option trade that happens to be bearish, expiring in 199 day(s) on January 16, 2026. This event was a transfer of 650 contract(s) at a $8.00 strike. The total cost received by the writing party (or parties) was $120.2K, with a price of $185.0 per contract. There were 3934 open contracts at this strike prior to today, and today 2763 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bearish, expiring in 171 day(s) on December 19, 2025. This event was a transfer of 2500 contract(s) at a $30.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $275.2K, with a price of $110.0 per contract. There were 20126 open contracts at this strike prior to today, and today 2536 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option sweep with bearish sentiment. It expires in 199 day(s) on January 16, 2026. Parties traded 8 contract(s) at a $400.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $86.2K, with a price of $10786.0 per contract. There were 3382 open contracts at this strike prior to today, and today 1716 contract(s) were bought and sold. 
• Regarding CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we observe a call option sweep with bullish sentiment. It expires in 563 day(s) on January 15, 2027. Parties traded 560 contract(s) at a $70.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $476.0K, with a price of $850.0 per contract. There were 1464 open contracts at this strike prior to today, and today 562 contract(s) were bought and sold. 
• For SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on July 3, 2025. This event was a transfer of 400 contract(s) at a $9.50 strike. The total cost received by the writing party (or parties) was $33.2K, with a price of $83.0 per contract. There were 1150 open contracts at this strike prior to today, and today 470 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BBAI

CSCO

QCOM

SOUN

Public companies continued to expand their Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings at a faster pace than <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">exchange-traded funds</a> (ETFs) for the third consecutive quarter, signaling a growing corporate interest in holding Bitcoin directly.
What Happened: Data from Bitcoin Treasuries shows that public companies acquired approximately 131,000 BTC in the second quarter of 2025, marking an 18% increase in their total Bitcoin holdings, <a href="https://www.cnbc.com/2025/07/01/public-companies-bought-more-bitcoin-than-etfs-did-for-the-third-quarter-in-a-row.html">according</a> to CNBC.
By comparison, ETFs added around 111,000 BTC during the same period, reflecting an 8% rise.
Analysts note that corporate Bitcoin buyers are often motivated by a different set of priorities than institutional ETF investors. 
According to Nick Marie, head of research at Ecoinometrics, while ETF investors seek exposure to Bitcoin's price movements, companies acquiring Bitcoin for their treasuries are focused on long-term accumulation to enhance shareholder value.
Marie highlighted that corporate Bitcoin holdings grew 4% in April, despite market volatility triggered by President Donald Trump's tariff announcements.
ETFs, by contrast, saw only a 2% increase during the same period. 
He added that for these companies, the price of Bitcoin is not the primary driver, what matters is building substantial reserves that appeal to indirect Bitcoin investors.
ETFs remain the largest single holders of Bitcoin, with combined assets exceeding 1.4 million BTC, accounting for roughly 6.8% of the cryptocurrency's fixed supply. 
Public companies currently hold about 855,000 BTC, or 4% of total supply.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46194028/bitcoin-to-hit-200000-in-2025-but-new-eth-sol-highs-remain-in-doubt-bitwise-says">Bitcoin To Hit $200,000 In 2025, But New ETH, SOL Highs Remain In Doubt, Bitwise Says</a>
Why It Matters: The shift in buying patterns comes amid a more favorable regulatory climate for crypto under the Trump administration. 
In March, President Trump signed an executive order establishing a U.S. Bitcoin reserve, a move widely seen as solidifying Bitcoin's place in the financial system. 
The last time ETFs outpaced corporate treasuries in Bitcoin accumulation was in the third quarter of 2024.
Several notable companies joined the Bitcoin treasury trend in the second quarter. 
GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) approved Bitcoin as a treasury reserve asset in March. 
KindlyMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAKAW#NASDAQ">NAKAW</a>), a healthcare firm, merged with Nakamoto, a Bitcoin investment company founded by David Bailey. 
ProCap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAPU#NASDAQ">PCAPU</a>), led by investor Anthony Pompliano, began purchasing Bitcoin and is preparing to go public via a special purpose acquisition company (SPAC).
Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), formerly known as MicroStrategy, remains the largest corporate Bitcoin holder with about 597,000 BTC. Bitcoin miner Mara Holdings is the second-largest, holding close to 50,000 BTC. 
Ben Werkman, chief investment officer at Swan Bitcoin, said Strategy's scale will be difficult for other companies to match, particularly given the liquidity surrounding its stock. 
Smaller Bitcoin treasury companies, however, could offer attractive risk-reward opportunities for investors looking to capitalize on earlier growth phases.
Marie suggested the number of companies following the Bitcoin treasury strategy could decline over the next decade. 
He explained that as more firms adopt this approach, the unique appeal may diminish, especially if Bitcoin becomes more accessible to traditional investors without the need for intermediaries.
Werkman noted that Bitcoin treasury companies offer a distinct advantage for investors seeking to outperform Bitcoin's price: the ability to leverage capital markets to accumulate additional Bitcoin. 
He also pointed out that some companies may eventually convert their treasury holdings to Bitcoin without adopting the aggressive, leveraged strategy that has defined Strategy's approach.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46178713/new-bitcoin-backed-stablecoin-vaults-offer-yield-strategies-without-requiring-btc-sales">New Bitcoin-Backed Stablecoin Vaults Offer Yield Strategies Without Requiring BTC Sales</a></li>
</ul>
Image: Shutterstock

NAKAW

PCAPU

Public Companies Are Quietly Building Massive Bitcoin Treasuries Faster Than ETFs Can Keep Up

<a href="https://www.bloomberg.com/news/articles/2025-07-01/michael-saylor-s-strategy-to-join-wall-street-elite-with-14-billion-windfall?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-07-01/michael-saylor-s-strategy-to-join-wall-street-elite-with-14-billion-windfall?embedded-checkout=true</a>

General

'Michael Saylor's Strategy to Join Wall Street Elite With $14 Billion Windfall'- Bloomberg

Bitwise Asset Management says Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) are expected to reach new all-time highs in 2025, with Bitcoin <a href="https://www.benzinga.com/money/bitcoin-price-prediction">projected to trade above $200,000</a>.
The prediction, <a href="https://experts.bitwiseinvestments.com/cio-memos/mid-year-scorecard-bitwises-2025-predictions">shared</a> in Bitwise's mid-year forecast review, reflects the firm's continued confidence in rising institutional demand and favorable market conditions for the second half of the year.
Bitcoin has already set a new record this year, briefly hitting $112,000 in May, driven by strong flows into spot Bitcoin ETFs, the establishment of a U.S. strategic Bitcoin reserve and corporate treasury demand.
However, Ethereum and Solana have declined year-to-date, with macroeconomic uncertainty limiting broader crypto market momentum so far.
Bitwise said it remains committed to its call that Bitcoin will exceed $200,000 by year-end, citing surging institutional interest, improved policy signals from Washington, and strengthening stablecoin demand as key drivers. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46178713/new-bitcoin-backed-stablecoin-vaults-offer-yield-strategies-without-requiring-btc-sales">New Bitcoin-Backed Stablecoin Vaults Offer Yield Strategies Without Requiring BTC Sales</a>
The firm said it is less certain about Ethereum and Solana reaching new highs but acknowledged potential catalysts in the growing use of crypto treasury solutions and expected ETF approvals.
The forecast is part of a set of ten predictions Bitwise made for 2025, which also included expectations for increased Bitcoin ETF inflows, more crypto IPOs, and rising adoption of tokenized real-world assets.
While some predictions remain uncertain, Bitwise confirmed that Coinbase's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) entry into the S&amp;P 500 and Strategy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) inclusion in the Nasdaq-100 have already materialized, signaling deeper crypto integration into mainstream financial indices.
Bitwise said it expects the pace of crypto ETF inflows to accelerate in the second half of the year as major wealth management platforms in the U.S. begin offering Bitcoin ETF access to a broader range of clients.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46174956/solana-etf-approval-imminent-as-odds-skyrocket-to-97">Solana ETF Approval Imminent As Odds Skyrocket To 97%</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Bitcoin To Hit $200,000 In 2025, But New ETH, SOL Highs Remain In Doubt, Bitwise Says

Ark Invest, a leading investment management firm led by Cathie Wood, has highlighted a pivotal development set to bridge the world of blockchain-based capital with the substantial U.S. mortgage market.
What Happened: According to Nick Grous, an associate portfolio manager at Ark Invest, the recent directive from the Federal Housing Finance Agency (FHFA) instructing Fannie Mae (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTC">FNMA</a>) and Freddie Mac (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTC">FMCC</a>) to consider cryptocurrency holdings, such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), for mortgage loan risk assessments marks &#8220;crypto's first step into U.S. housing: from wallets to mortgages.&#8221;
&#8220;This directive introduces a novel bridge between blockchain-based capital and the $12 trillion U.S. mortgage market,&#8221; Grous notes.
Looking at the potential scale, Grous references iEmergent's 2024 Home Mortgage Disclosure Act (HMDA) data, which reported around &#8220;6 million mortgage originations in the U.S. last year, valued at $1.82 trillion.&#8221;
Based on an average loan size of approximately &#8220;$340,000,&#8221; Ark Invest&#8217;s analysis suggests that &#8220;if just 5% of mortgage borrowers included crypto-based assets in their applications, ~305,000 would qualify for a mortgage in this new framework—supporting $100 billion in originations.&#8221;
He further projects that &#8220;each additional percentage point of adoption would increase mortgage loan volume by ~$20 billion.&#8221;
This regulatory development, according to Ark Invest, &#8220;aligns with ARK's thesis that crypto will reshape legacy financial systems with greater transparency, automation, and interoperability.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/25/06/46089173/michael-saylor-offers-btc-credit-model-as-bill-pulte-pushes-crypto-for-fannie-mae-freddie-mac-could-bitcoin-soon-count-toward-mortgage-qualification">Michael Saylor Offers BTC Credit Model As Bill Pulte Pushes Crypto For Fannie Mae, Freddie Mac: Could Bitcoin Soon Count Toward Mortgage Qualification? </a>
Why It Matters: The FHFA&#8217;s directive, issued last week, represents a significant shift.
It allows for the inclusion of cryptocurrency holdings, specifically &#8220;only those held on U.S.-regulated centralized exchanges,&#8221; as assets in single-family mortgage loan risk assessments.
Crucially, this directive &#8220;does not require converting crypto to U.S. dollars and does not include crypto held in self-custodied wallets.&#8221;
It also mandates &#8220;risk controls, like accounting for crypto market volatility and limiting how much crypto can count toward reserves,&#8221; signaling a cautious yet forward-looking approach to integration.
Last week, Strategy Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Michael Saylor stepped forward to offer Strategy&#8217;s (formerly MicroStrategy) <a href="http://46089173/michael-saylor-offers-btc-credit-model-as-bill-pulte-pushes-crypto-for-fannie-mae-freddie-mac-could-bitcoin-soon-count-toward-mortgage-qualification">Bitcoin Credit Model</a> to support the initiative. 
Meanwhile, the Bitcoin Policy Institute <a href="https://www.btcpolicy.org/articles/the-powerful-fannie-mae-policy-change-to-unlock-bitcoin-based-mortgages">hails</a> this as a potential game-changer, stating that a tweak to Fannie Mae&#8217;s Selling Guide to recognize Bitcoin as collateral could unlock homeownership for millions, aligning with Donald Trump&#8217;s vision to make the U.S. the &#8220;Bitcoin Capital of the planet.&#8221;
Price Action: Fannie Mae shares ended 1.95% lower on Monday. It has risen by 177.33% on a year-to-date basis and 553.42% over the past year.
On the other hand, Freddie Mac declined 1.55% on Monday, and it has risen by 144.51% on a year-to-date basis and 505.88% over the past year.
After hitting fresh records on Friday and Monday, on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket. The SPY was down 0.18% at $616.74, while the QQQ declined 0.26% to $550.18, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46189081/what-are-stock-tokens-and-how-to-trade-them-robinhoods-new-offering-merges-owning-stocks-with-blockchain-tech-heres-how-it-works">What Are Stock Tokens And How To Trade Them? Robinhood&#8217;s New Offering Merges Owning Stocks With Blockchain Tech: Here&#8217;s How It Works</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image Via Shutterstock

FMCC

FNMA

Bitcoin, Ethereum Could Soon Help You Get A Mortgage — Cathie Wood's Ark Invest Sees $12 Trillion Opportunity After FHFA Move

The first half of 2025 was nothing short of a roller coaster for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), marked by historic highs, sharp corrections, and exciting recoveries.
What Happened: The apex cryptocurrency blasted to a new all-time high in January, driven by optimism over a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43079668/bitcoin-hits-record-109000-ahead-of-trumps-inauguration-sparks-market-rally">crypto-supportive U.S. administration</a> under President Donald Trump.
Major institutional investments, such as Strategy Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) large BTC purchases, also added to the momentum.
However, this rally couldn't be sustained for long. <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46111863/toy-prices-see-unprecedented-surge-as-trump-tariffs-take-a-toll-theres-just-no-escaping-china">Trump's sweeping tariff policies</a> spurred macroeconomic uncertainty, sending risk-on markets into a tailspin. The result—Bitcoin plummeted below $75,000, its lowest level in nearly six months.
But if sixteen years of Bitcoin have taught us anything, it&#8217;s that things don't remain the same for long.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters">Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters</a>
Bitcoin made a powerful recovery, fueled by tariff exemptions and trade de-escalation, and went on to set a new all-time high of $111,970. Market sentiment has been buoyed by <a href="https://www.benzinga.com/crypto/25/06/46107611/bitcoin-tops-this-key-level-as-institutions-pile-on-ethereum-dogecoin-rangebound-analyst-says-buying-btc-now-is-like-buying-it-for-20000-in-2020">continued institutional interest</a> and a gradual rebound in network activity. Overall, it gained about 15% in the first six months of 2025.
Looking ahead, analysts remain divided but optimistic about Bitcoin&#8217;s prospects for the rest of the year.
Michael Terpin, CEO of Transform Ventures and author of the book "Bitcoin Supercycle, expected the King Crypto to trend upward in the second half.
"While I don't see a 10x growth in the next six months, I do see a clear path to $200,000 and a blowoff top fueled by the explosion in Bitcoin treasury companies of $250,000 or higher," he stated. "This is where every four-year cycle moves from the bubble pop of Bitcoin Summer to the road to capitulation at the end of Bitcoin Fall."
Closely aligned with this projection was Kadan Stadelmann, blockchain developer and chief technology officer of Komodo Platform.
"Many factors point towards a Bitcoin price of between $180,000 and $250,000 by year's end, including increased investment by U.S. retirement funds, global sovereign wealth funds, nation-states via strategic Bitcoin reserves, and Bitcoin Treasuries in the private sector," Stadelmann told Benzinga.
Several firms have been <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46087988/anthony-pompliano-says-companies-following-michael-saylors-playbook-may-have-raised-large-sums-but-they-arent-able-to-buy-bitcoin-yet-explains-why-procap-is-differ">emulating the playbook popularized by Strategy</a>, which involves buying and holding Bitcoin in corporate reserves. Even the Trumps have <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45949846/trump-medias-bitcoin-investment-plan-gets-sec-nod-unlocking-2-3-billion-in-capital">jumped aboard</a>, with the Trump Media and Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) setting aside $2.3 billion to create a Bitcoin treasury.
Meanwhile, even analysts from financial biggies like VanEck, Fundstrat and Standard Chartered <a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45845944/bitcoin-price-forecast-how-high-can-bitcoin-go-wall-streets-brash-180-250k">anticipate a 2025 BTC high</a> of $180,000 to $250,000 based on institutional adoption and patterns from past markets.
But amid these daring calls, Peter Schiff&#8217;s unwavering skepticism persists, who, despite Bitcoin's recent recovery, is convinced that he&#8217;ll <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45852628/peter-schiff-left-unfazed-as-bitcoin-spikes-above-110000-doesnt-agree-his-legacy-is-destroyed-ill-eventually-be-proven-right">"eventually be proven right."</a> No prizes for guessing what he has predicted about Bitcoin!
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $107,678.46, up 0.34% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The coin traded 3.27% away from its all-time high.
Photo Courtesy: Rido on Shutterstock.com
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Exclusives

CCCM

Bitcoin Headed for a Blow-Off Top Or A Brutal Pullback In The Second Half Of 2025? Analyst Sees A 'Clear Path' To This Level

Veteran short-seller James Chanos of Kynikos Associates is once again taking a shot at Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), calling its valuation framework not just flawed, but absurd.
What Happened: On Monday, Chanos slammed Strategy&#8217;s claim that its valuation should reflect not just the net asset value (NAV) of its Bitcoin holdings, but also a multiple on the unrealized gains, while speaking on Bloomberg&#8217;s Odd Lots podcast.
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-1024x146.png" alt="" class="wp-image-967861" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01014756/Screenshot-2025-07-01-at-11.17.45-AM.png 1526w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
What pushed him &#8220;into orbit,&#8221; he says, was founder Michael Saylor's argument that appreciation in Bitcoin should be treated like recurring profit, and capitalized accordingly.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46168953/strategy-adds-4980-bitcoin-ups-total-stack-to-42-billion">Strategy Adds 4,980 Bitcoin, Ups Total Stack To $42 Billion</a>
He went on to mock this logic with an analogy. &#8220;That&#8217;s like saying, my whole net worth is in a house that's worth $400,000 that is now worth $500,000 a year or two later, and my net worth is not $500,000 now, it's $2.5 million,&#8221; he says, underscoring the folly of this argument. &#8220;It is absurd,&#8221; he says.
Chanos also dismissed the broader Bitcoin treasury trend as mere financial engineering. &#8220;There's nothing proprietary here. This is just simply raising capital to buy a financial asset,&#8221; he said.
He further notes that the model is spreading rapidly. &#8220;Since the podcast we last did, I think the number of companies that have announced this strategy is scores more. I think there [are] over 100 in the U.S. and over 200 globally,&#8221; he says.
Why It Matters: Chanos has reiterated several times that Strategy&#8217;s <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45943504/short-seller-jim-chanos-reiterates-michael-saylors-strategy-premium-is-unsustainable-warns-bitcoin-arbitrage-is-not-a-static-trade">premium is unsustainable</a>, warning that Bitcoin arbitrage &#8220;is not a static trade.&#8221;
This comes weeks after he revealed a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45465049/jim-chanos-goes-long-bitcoin-short-microstrategy-in-arbitrage-bet-against-retail-speculation">strategic arbitrage trade</a>, which involves going long on Bitcoin while selling Strategy short.
&#8220;We&#8217;re buying Bitcoin, selling Strategy stock, an arbitrage play, buying for $1, selling for $2.50,&#8221; Chanos said, adding that he doesn&#8217;t know where Bitcoin is headed, whether $100,000, $1 million, or $10,000, but he does know that &#8220;it&#8217;s generally profitable to short $1 for $2.50 or three dollars.&#8221;
Saylor responded to this by saying, &#8220;I don&#8217;t think he [Chanos] understands what our business model is,&#8221; he says. &#8220;What he still doesn&#8217;t understand is that we are not a holding company or a closed-end trust, we are an operating company.&#8221;
To which Chanos <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45877499/michael-saylor-says-jim-chanos-doesnt-understand-strategys-model-criticizes-long-bitcoin-short-mstr-trade-short-seller-hits-back-with-financial-gibberish-remark">promptly hit back</a>, referring to it as &#8220;financial gibberish.&#8221; He said, &#8220;Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV.&#8221;
Price Action: Shares of Strategy were up 5.30% on Monday, trading at $404.23, and are down 0.63% after hours.
Photo Courtesy: LALAKA on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46172312/bitcoins-perfect-storm-could-extend-bull-run-into-2026-report">Bitcoin&#8217;s &#8216;Perfect Storm&#8217; Could Extend Bull Run Into 2026: Report</a></li>
</ul>
<iframe allow="autoplay &#x2A;; encrypted-media &#x2A;; fullscreen &#x2A;; clipboard-write" frameborder="0" height="175" style="width:100%;max-width:660px;overflow:hidden;border-radius:10px;" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation" src="https://embed.podcasts.apple.com/us/podcast/jim-chanos-on-the-nuttiness-of-bitcoin-treasury-companies/id1056200096?i=1000715105251"></iframe>

James Chanos Shreds Michael Saylor's Strategy Model Of 'Multiple of NAV' Valuation — Famed Short Seller Says 'It Is Absurd'

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