Strategy Option Alert: Jan, 2027 $390 Calls Sweep (12) near the Bid: 95 vs 634 OI; Earnings 7/31 After Close 

Strategy Option Alert: Jan, 2027 $390 Calls Sweep (12) near the Bid: 95 @ $134.005 vs 634 OI; Earnings 7/31 After Close Ref=$405.19

Strategy Option Alert: Sep 19 $360 Puts Sweep (67) near the Ask: 363 vs 1302 OI; Earnings 7/31 After Close 

Strategy Option Alert: Sep 19 $360 Puts Sweep (67) near the Ask: 363 @ $13.848 vs 1302 OI; Earnings 7/31 After Close Ref=$405.81

Strategy Option Alert: Sep 19 $450 Calls Sweep (67) near the Bid: 363 vs 4764 OI; Earnings 7/31 After Close 

Strategy Option Alert: Sep 19 $450 Calls Sweep (67) near the Bid: 363 @ $18.148 vs 4764 OI; Earnings 7/31 After Close Ref=$405.81

Strategy Option Alert: Sep 19 $5 Calls at the Bid: 20 vs 3565 OI; Earnings 7/31 After Close 

Strategy Option Alert: Sep 19 $5 Calls at the Bid: 20 @ $400.6 vs 3565 OI; Earnings 7/31 After Close Ref=$405.52

Strategy Option Alert: Sep 19 $5 Calls at the Bid: 20 @ $401.3 vs 3565 OI; Earnings 7/31 After Close Ref=$406.42

Strategy Option Alert: Sep 19 $5 Calls at the Ask: 20 vs 3565 OI; Earnings 7/31 After Close 

Strategy Option Alert: Sep 19 $5 Calls at the Ask: 20 @ $401.97 vs 3565 OI; Earnings 7/31 After Close Ref=$406.42

Strategy Option Alert: Aug 1 $430 Calls at the Bid: 4998 vs 11379 OI; Earnings 7/31 After Close 

Strategy Option Alert: Aug 1 $430 Calls at the Bid: 4998 @ $4.75 vs 11379 OI; Earnings 7/31 After Close Ref=$410.31

Strategy Option Alert: Aug 1 $430 Calls at the Bid: 2500 vs 11379 OI; Earnings 7/31 After Close 

Strategy Option Alert: Aug 1 $430 Calls at the Bid: 2500 @ $4.6 vs 11379 OI; Earnings 7/31 After Close Ref=$409.845

Strategy Option Alert: Aug 1 $430 Calls Sweep (10) near the Ask: 1353 vs 11379 OI; Earnings 7/31 After Close 

Strategy Option Alert: Aug 1 $430 Calls Sweep (10) near the Ask: 1353 @ $4.25 vs 11379 OI; Earnings 7/31 After Close Ref=$407.37

Strategy Option Alert: Oct 17 $405 Puts at the Bid: 250 vs 363 OI; Earnings 7/31 After Close 

Strategy Option Alert: Oct 17 $405 Puts at the Bid: 250 @ $38.55 vs 363 OI; Earnings 7/31 After Close Ref=$406.92

Strategy Option Alert: Aug 1 $425 Calls Sweep (42) near the Bid: 1344 vs 1459 OI; Earnings 7/31 After Close 

Strategy Option Alert: Aug 1 $425 Calls Sweep (42) near the Bid: 1344 @ $4.602 vs 1459 OI; Earnings 7/31 After Close Ref=$406.6

Strategy Option Alert: Oct 17 $800 Puts at the Bid: 25 vs 0 OI; Earnings 7/31 After Close 

Strategy Option Alert: Oct 17 $800 Puts at the Bid: 25 @ $396.3 vs 0 OI; Earnings 7/31 After Close Ref=$403.735

Strategy Option Alert: Jan 16 $0.5 Calls at the Ask: 19 vs 22775 OI; Earnings 7/31 After Close 

Strategy Option Alert: Jan 16 $0.5 Calls at the Ask: 19 @ $403.35 vs 22775 OI; Earnings 7/31 After Close Ref=$403.66

Strategy Option Alert: Aug 15 $370 Calls at the Bid: 300 vs 700 OI; Earnings 7/31 After Close 

Strategy Option Alert: Aug 15 $370 Calls at the Bid: 300 @ $41.0 vs 700 OI; Earnings 7/31 After Close Ref=$403.62

Strategy Option Alert: Nov 21 $330 Puts at the Bid: 450 vs 268 OI; Earnings 7/31 After Close 

Strategy Option Alert: Nov 21 $330 Puts at the Bid: 450 @ $16.05 vs 268 OI; Earnings 7/31 After Close Ref=$415.8928

Strategy Option Alert: Dec 19 $420 Calls at the Bid: 500 vs 1464 OI; Earnings 7/31 After Close 

Strategy Option Alert: Dec 19 $420 Calls at the Bid: 500 @ $59.0 vs 1464 OI; Earnings 7/31 After Close Ref=$412.9976

Strategy Option Alert: Sep 19 $400 Puts Sweep (3) above Ask!: 201 vs 2151 OI; Earnings 7/31 After Close 

Strategy Option Alert: Sep 19 $400 Puts Sweep (3) above Ask!: 201 @ $26.75 vs 2151 OI; Earnings 7/31 After Close Ref=$410.1872

Strategy Option Alert: Aug 1 $435 Calls Sweep (20) near the Ask: 1987 vs 2137 OI; Earnings 7/31 After Close 

Strategy Option Alert: Aug 1 $435 Calls Sweep (20) near the Ask: 1987 @ $4.5 vs 2137 OI; Earnings 7/31 After Close Ref=$411.845

Strategy Option Alert: Jan 16 $350 Calls at the Bid: 50 vs 2587 OI; Earnings 7/31 After Close 

Strategy Option Alert: Jan 16 $350 Calls at the Bid: 50 @ $103.05 vs 2587 OI; Earnings 7/31 After Close Ref=$413.18

Strategy Option Alert: Sep 19 $415 Puts at the Ask: 158 vs 2547 OI; Earnings 7/31 After Close 

Strategy Option Alert: Sep 19 $415 Puts at the Ask: 158 @ $33.7 vs 2547 OI; Earnings 7/31 After Close Ref=$412.535

Strategy Option Alert: Jan 16 $0.5 Calls at the Bid: 15 vs 22658 OI; Earnings 7/31 After Close 

Strategy Option Alert: Jan 16 $0.5 Calls at the Bid: 15 @ $412.6 vs 22658 OI; Earnings 7/31 After Close Ref=$413.015

Strategy (NASDAQ:MSTR) Bolsa

MICROSTRATEGY INC-CL A

MicroStrategy

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.

Hawthorne,,California,,Usa,-,July,5,,2022:,Spacex,Headquarters,In

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

MSTR

TSLA

El martes, una billetera asociada a la compañía de tecnología espacial SpaceX transfirió más de 150 millones de dólares en Bitcoin (CRYPTO: BTC), lo que marca su primera actividad en cadena en más de tres años.

SpaceX mueve millones en Bitcoin: así reaparece en la blockchain tras años de silencio

Apex,,North,Carolina,-,May,7,2025:,Strategy,Microstrategy,Mstr

News

MARA

MTPLF

RIOT

Strategy (NASDAQ:MSTR), una importante compañía institucional que posee una gran cantidad de Bitcoin (CRYPTO: BTC), ha ampliado sus reservas de criptomonedas esta semana con una nueva adquisición de 6220 BTC.

Strategy amplía sus reservas y ya posee más de 600.000 bitcoins

Firenze,,Italy,November,11,,2024:,Cryptocurrency,Trader,Holding,Bitcoin,In

Bitcoin (CRYPTO: BTC) subió brevemente por encima de los 112 000 dólares el miércoles, alcanzando un nuevo máximo histórico y reavivando el debate sobre si el mercado de las criptomonedas está entrando en un nuevo ciclo alcista o si se está asentando en un período de 

Bitcoin supera los 112.000 dólares: ¿nuevo ciclo alcista o madurez institucional?

MicroStrategy Incorporated - Class A Common Stock

Strategy

Miller Value Partners portfolio manager Bill Miller IV predicts widespread corporate Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) adoption within decades, dismissing Ethereum&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) long-term prospects despite recent regulatory advantages.
What Happened: Speaking on CNBC Monday, Miller <a href="https://www.youtube.com/watch?v=WqRhJkgjhJQ">said</a> he expects &#8220;every company might be a Bitcoin treasury company&#8221; in 20 to 30 years, citing Bitcoin&#8217;s superior underlying protocol stability compared to fiat technologies.
Miller highlighted three recent legislative developments affecting cryptocurrency markets: the Clarity Act for regulatory oversight, the GENIUS Act for stablecoin regulation, and the anti-CBDC surveillance act preventing government overreach in central bank digital currencies.
The fund manager criticized the Clarity Act&#8217;s grandfathering provisions, which allow Ethereum and Solana blockchains to qualify as decentralized despite their proof-of-stake consensus mechanisms. Miller argued these technologies essentially maintain existing power structures where large stakeholders control decision-making.
Despite Ethereum&#8217;s recent surge in the last few weeks, Miller remains skeptical about its long-term prospects. &#8220;You can speculate as to why things like Ethereum have had this pop in the past few weeks. That&#8217;s my perspective is because this legislation has helped them have a leg up. I don&#8217;t think in the end of the day they&#8217;re going to win,&#8221; he stated.
&#8220;If you look at these grandfathering technologies like Ethereum and Solana, they&#8217;re proof-of-stake technologies. And what that means is if I have a big stake in the blockchain, I get to say what happens. That&#8217;s exactly how society works today,&#8221; Miller said.
Bitcoin&#8217;s proof-of-work consensus mechanism represents a &#8220;game-changing technology&#8221; due to its energy-intensive mining process and decentralized governance structure, Miller explained.
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46681272/stock-market-today-us-futures-rise-following-sp-500s-6-days-of-record-close-boeing-pg-starbucks-earnings-in-focus">Stock Market Today: US Futures Rise Following S&amp;P 500&#8217;s 6-Days Of Record Close—Boeing, P&amp;G, Starbucks Earnings In Focus</a>
Why It Matters: MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) leads corporate Bitcoin adoption with 607,770 BTC holdings worth approximately $72 billion, according to Bitcoin Treasuries data. Other major treasury companies include MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) with 50,000 BTC and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) holding 11,509 BTC.
Wall Street strategist Tom Lee recently attributed Strategy&#8217;s 35x stock surge from $13 to over $450 primarily to treasury strategy execution <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46486386/tom-lee-says-michael-saylor-led-strategys-35x-surge-wasnt-just-bitcoin-treasury-moves-far-more-significant-than-token-price-gain">rather than Bitcoin price appreciation alone</a>. Lee calculated that Bitcoin&#8217;s rise from $11,000 to $118,000 contributed 11x gains, while treasury moves generated an additional 25x increase.
Miller expects institutional adoption to accelerate as bond and equity managers incorporate Bitcoin-related investments that outperform traditional strategies, creating a &#8220;snowball&#8221; effect similar to Bitcoin&#8217;s 16-year growth trajectory.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46681312/trumps-bitcoin-reserve-just-legitimized-it-coinbase-ceo-brian-armstrong-says-g20-nations-now-rushing-to-build-their-own-btc-stockpiles">Trump&#8217;s Bitcoin Reserve Just &#8216;Legitimized It&#8217;—Coinbase CEO Brian Armstrong Says G20 Nations Now Rushing To Build Their Own BTC Stockpiles</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

$ETH

Bill Miller IV Says 'Every Company Might Be A Bitcoin Treasury' In 20 Years—Claims Ethereum Won't 'Win' In The End

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong said other G20 nations are now examining Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserves following President Donald Trump&#8216;s establishment of a Strategic Bitcoin Reserve through executive order.
What Happened: &#8220;Now that the U.S. is doing this I think like the rest of the G20 countries and central banks are all starting to look at this. It just kind of instantly legitimized it,&#8221; Armstrong said Monday on the Shawn Ryan Show. The CEO noted that Trump&#8217;s move represents a dramatic shift from government skepticism just five years ago.
Trump signed an executive order in March creating the Strategic Bitcoin Reserve, funded <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">entirely through existing government</a> Bitcoin holdings obtained via criminal and civil asset forfeiture proceedings. White House AI and Crypto Czar David Sacks confirmed the reserve contains approximately 200,000 Bitcoin worth roughly $17 billion, requiring no taxpayer funding.
The reserve operates similarly to existing U.S. strategic stockpiles of gold, oil, palladium and rare minerals. Armstrong emphasized this historical context, calling it &#8220;a huge moment&#8221; that legitimizes Bitcoin as a strategic asset.
Trump has positioned himself as &#8220;the first crypto president,&#8221; declaring America must lead in financial technology to maintain global power. The executive order also established a U.S. Digital Asset Stockpile for other cryptocurrencies obtained through government proceedings.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46678490/bitcoin-drops-as-michael-saylors-strategy-halts-accumulation-streak-ethereum-dogecoin-also-dip-analyst-expects-violent-week-ahead">Bitcoin Drops As Michael Saylor&#8217;s Strategy Halts Accumulation Streak; Ethereum, Dogecoin Also Dip: Analyst Expects &#8216;Violent&#8217; Week Ahead</a>
Why It Matters: The G20 comprises 19 countries plus the European Union and the African Union, representing the world&#8217;s major economies, including China, Japan, Germany, and the UK. Armstrong&#8217;s comments suggest broader institutional adoption may follow US leadership.
Corporate Bitcoin adoption continues to expand. MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) leads with 607,770 Bitcoin, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) holds 11,509 Bitcoin according to Bitcoin Treasuries data. Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) ranks sixth with 18,430 Bitcoin.
Bitcoin traded around $118,895 as of Tuesday morning, up 0.03% as institutional accumulation patterns shift and markets await Federal Reserve <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46678490/bitcoin-drops-as-michael-saylors-strategy-halts-accumulation-streak-ethereum-dogecoin-also-dip-analyst-expects-violent-week-ahead">policy decisions this week</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Brian Armstrong - Mining 21 Million Bitcoins, Satoshi Nakamoto and Elizabeth Warren &#x7C; SRS #222" width="500" height="281" src="https://www.youtube.com/embed/o5Tuj148mk4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46680503/us-stocks-settle-mixed-following-us-eu-trade-deal-investor-sentiment-edges-lower-but-fear-index-remains-in-greed-zone">US Stocks Settle Mixed Following US-EU Trade Deal: Investor Sentiment Edges Lower, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

COIN

Trump's Bitcoin Reserve Just 'Legitimized It'—Coinbase CEO Brian Armstrong Says G20 Nations Now Rushing To Build Their Own BTC Stockpiles

Entrepreneur and investor Anthony Pompliano ignited a discussion Monday on the potential of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a corporate reserve asset, deeming it the &#8220;contrarian&#8221; bet against the weakening U.S. dollar.
What Happened: During an interview with CNBC, Pompliano said that there should be &#8220;way more pressure&#8221; on the public companies that are leaving a large portion of shareholders&#8217; economic value in dollars.
Pompliano said that the dollar has lost 30% of its purchasing power over the last five years. This was closer to the Bureau of Labor Statistics consumer price index, which <a href="https://www.bls.gov/data/inflation_calculator.htm">estimated</a> that today&#8217;s prices are 25% higher than the average prices in June 2020.
&#8220;It goes back to the fact that if you are running a company and you have shareholders, and your job is to protect the economic value of that business, are you better off holding dollars for the next ten years or putting it in Bitcoin?&#8221; he added.
<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">Public companies are destroying economic value of their shareholders by holding a large allocation to an asset that is guaranteed to devalue. Holding bitcoin on your balance sheet is contrarian today. Eventually it will be consensus. I explain to <a href="https://twitter.com/SquawkCNBC?ref_src=twsrc%5Etfw">@SquawkCNBC</a> this morning. <a href="https://t.co/19u6Babcp6">pic.twitter.com/19u6Babcp6</a>
&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1949810168029417729?ref_src=twsrc%5Etfw">July 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
From a Bitcoiner&#8217;s perspective, Pompliano argued, that companies are speculating on the dollar&#8217;s ability to store value, and that the idea of storing corporate assets in Bitcoin has now become a &#8220;contrarian trait.&#8221;
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46612914/bitcoin-could-go-to-300000-before-great-depression-crisis-traders-argue" target="_blank" rel="noreferrer noopener">Bitcoin Could Go To $300,000 Before &#8216;Great Depression&#8217; Crisis, Traders Argue</a>
Why It Matters: Pompliano has been a vocal backer of Bitcoin. Last month, he <a href="https://www.benzinga.com/crypto/25/06/46109437/anthony-pomplianos-company-may-have-bought-more-bitcoin-than-gamestop-but-michael-saylors-strategy-and-mara-still-reign-supreme" target="_blank" rel="noreferrer noopener">launched a Bitcoin treasury company</a>, ProCap BTC, LLC, which has already accumulated 4,932 BTC, worth $587 million at current prices.
The company is set to merge with Columbus Circle Capital I Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCM#NASDAQ">CCCM</a>) as part of a special purpose acquisition deal and go public under the name ProCap Financial, Inc.
The firm seeks to emulate the Bitcoin investment strategy popularized by Michael Saylor&#8217;s Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), which is currently the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46665873/strategy-announces-no-new-bitcoin-purchases-but-heres-who-bought-755-btc">world&#8217;s largest corporate holder of the leading cryptocurrency</a>.
Price Action:  At the time of writing, Bitcoin was exchanging hands at $118,744.62, down 0.46% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of CCCM were up 0.29% in after-hours trading after closing 0.48% higher at $10.37 during Monday&#8217;s regular trading session.
As of this writing, the MSTR stock demonstrated a very high Momentum score. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> might help you filter out similar cryptocurrency-linked stocks with the help of a leaderboard that ranks assets across Momentum, Quality, Growth, and Value categories.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="445" height="203" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29023436/image-436.png" alt="" class="wp-image-1004509" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29023436/image-436.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29023436/image-436-300x137.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46650234/shiba-inu-could-surge-3000-and-overtake-dogecoin-by-2026-say-analysts" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says It&#8217;ll Be A &#8216;Big Deal&#8217; If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

CCCM

Anthony Pompliano Says Companies Holding Bitcoin Are Making A Bet Against 'Dollar's Ability To Store Value'

Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) was trading higher Monday night, defying the broader decline in the cryptocurrency market after Tron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRON#NASDAQ">TRON</a>) filed a $1 billion shelf offering with the SEC.
What happened: The native token of the Justin Sun-founded network rose over 2%, while its trading volume skyrocketed 106% to $1.47 billion in the last 24 hours.
TRX became the second-biggest cryptocurrency gainer over the last 24 hours, bucking declines in large-cap coins such as 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 Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
The rally came after Tron Inc. filed a Form S-3 shelf registration to issue up to $1 billion in mixed securities, including common stock, preferred stock, debt instruments and warrants.
The company said it intends to use the sale proceeds primarily for acquiring additional TRX tokens, working capital and general corporate purposes.
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/25/07/46678140/bitmine-stock-falls-15-1-after-hours-as-peter-thiel-backed-company-files-shelf-offering-might-consider-ethereum-purchase-with-proceeds">BitMine Stock Falls 15.1% After-Hours As Peter Thiel-Backed Company Files Shelf Offering, Might Consider Ethereum Purchase With Proceeds</a>
Why It Matters: Tron <a href="https://www.benzinga.com/crypto/25/06/45951049/justin-suns-tron-plans-us-public-listing-amid-deepening-ties-with-trump-family-and-crypto-political-shift">went&nbsp;public in the U.S. through a reverse merger </a>with collectibles company SRM Entertainment, declaring its goal to acquire and hold large reserves of the TRX token
Currently, it holds 365,096,845 TRX in its reserves, worth $119 million, making it the largest holder of the cryptocurrency.
Price Action: At the time of writing, TRX was trading at $0.3271, up 2.06% 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>.&nbsp;&nbsp;The coin has risen 18.66% over the last month.
Tron Inc shares fell 4.19% in after-hours trading after closing 13.1% higher at $10.86 during Monday&#8217;s regular trading. 
As of this writing, Tron stock demonstrated a very low Value score. Go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to see how Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and other cryptocurrency treasury-focused companies stack up.
<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="445" height="195" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29003412/image-435.png" alt="" class="wp-image-1004378" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29003412/image-435.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/29003412/image-435-300x131.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></a></figure>
Photo Courtesy: Stanslavs on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46658075/sui-joins-bitcoin-ethereum-with-its-own-treasury-company-look-whos-building-a-450-million-reserve">SUI Joins Bitcoin, Ethereum With Its Own Treasury Company: Look Who&#8217;s Building A $450 Million Reserve</a></li>
</ul>

$DOGE

$TRX

TRON

Tron Is Rising When Bitcoin, Dogecoin And Other Major Cryptos Flash Red: Here's Why

Leading cryptocurrencies dipped on Monday, reflecting a decline in institutional interest and caution ahead of the Federal Reserve&#8217;s policy meeting.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 11:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.04%</td>
<td>$118,396.13</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.62%</td>
<td>$3,816.44</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-6.13%</td>
<td>$0.2281</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The apex cryptocurrency rebounded after hitting the ceiling around $120,000, hitting intraday lows of $117,441.44. Trading volume rose 16.79% to over $65 billion in the last 24 hours.
Institutional interest in the asset declined, with Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46665873/strategy-announces-no-new-bitcoin-purchases-but-heres-who-bought-755-btc">halting its BTC accumulation streak</a> last week.
Ethereum also encountered sharp profit-taking, following a 56% monthly rally that brought it within touching distance of $4,000.
Bitcoin's market dominance rose to 60.7%, signaling capital rotation from altcoins, while Ethereum's share shot up to 11.8%, the highest since mid-January.
Cryptocurrency liquidations shot up to $450 million in the last 24 hours, with bullish bets accounting for 82% of the total.
Bitcoin's open interest dropped slightly by 0.76% in the last 24 hours, with the majority of Binance traders with open BTC positions betting on further price declines, according to the Long/Shorts ratio.&nbsp;
The "Greed" sentiment weakened in the last 24 hours, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 11:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Conflux (CFX)&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+5.99%</td>
<td>$0.1982</td>
</tr>
<tr>
<td>TRON (TRX)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.49%</td>
<td>$0.3258</td>
</tr>
<tr>
<td>UNUS SED LEO (LEO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.07%</td>
<td>$8.97 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.88 trillion, following a 1.77% decline in the last 24 hours.
Stocks rose to new highs on Monday. The S&amp;P 500 eked out a narrow gain of 0.02% to close at a record high of 6,389.77. The tech-heavy Nasdaq Composite climbed 0.33% to 21,178.58, also a record closing high. The Dow Jones Industrial Average, however, was the outlier, falling 64.36 points, or 0.14%, to end at 44,837.56.
Investors are expecting the Federal Reserve&#8217;s interest rate decision this week, with the market pricing in a 97% chance that rates will remain steady, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool. Additionally, July's employment report, unemployment rate and hourly wages data will be on their radar.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm CryptoQuant stated that the unrealized profit of Bitcoin's short-term holders remains limited to 13%, compared to 232% and 150% in bull cycles of 2012 and 2021, respectively, making them "less likely" to sell quickly.
<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">On Chain Traders Are Sitting on Just 13% Gains "While in previous market tops, in 2012 and 2021, this group's average profit reached 232% and 150% respectively. During this current cycle, their profit peaked at only 69% and is declining over time." – By <a href="https://twitter.com/Darkfost_Coc?ref_src=twsrc%5Etfw">@Darkfost_Coc</a> <a href="https://t.co/eP5hSOBv39">pic.twitter.com/eP5hSOBv39</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1949821160071266359?ref_src=twsrc%5Etfw">July 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst and trader Michaël van de Poppe noted Bitcoin's rejection at a key resistance level, around $120,000.
"Interesting price action to start the week, it&#8217;s probably going to be a violent one," the analyst predicted.
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> rejecting at the crucial resistance and continuing to fall down to close the CME gap. Interesting price action to start the week, it&#39;s probably going to be a violent one. <a href="https://t.co/EwnetdDKE5">pic.twitter.com/EwnetdDKE5</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1949846054293405954?ref_src=twsrc%5Etfw">July 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Travis Wolfe on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46677711/anthony-scaramucci-says-itll-be-a-big-deal-if-jamie-dimon-led-jpmorgan-allows-lending-against-bitcoin">Anthony Scaramucci Says It&#8217;ll Be A &#8216;Big Deal&#8217; If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin</a></li>
</ul>

Bitcoin Drops As Michael Saylor's Strategy Halts Accumulation Streak; Ethereum, Dogecoin Also Dip: Analyst Expects 'Violent' Week Ahead

Shares of Bitmine Immersion Technologies Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>) plummeted in Monday's after-market trading after the company filed for a shelf offering to register securities for sale by selling stockholders
What happened: BMNR fell 15.1% after-hours after the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-focused company submitted a Form S-3ASR with the SEC.
"The selling stockholders may from time to time sell, transfer or otherwise dispose of any or all of the securities in a number of different ways and at varying price," the registration statement read.
The company clarified that the securities are being offered for resale by the selling stockholders, not directly by BitMine. While it won&#8217;t receive proceeds from the sale of common stock, it stands to gain about $25.18 million if equity warrants are exercised in full, which might be used to purchase Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and for other general corporate purposes.
Typically, such filings allow issuers to offer and sell securities on a delayed or continuous basis, providing flexibility and efficiency in accessing capital markets.
However, because they increase the total number of shares in the market, shareholders regard it as dilutive to their existing value, leading to a fall in stock price.
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>
Why It Matters: BitMine, a small-cap Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining firm, pivoted to an Ethereum treasury strategy, <a href="https://www.benzinga.com/crypto/25/07/46187962/ethereum-the-next-big-thing-in-banking-tom-lee-thinks-so-and-wants-this-small-cap-company-he-chairs-to-front-run-the-likes-of-goldman-sachs-jpmorgan">adopting ETH as its primary reserve asset</a>. The company is pursuing its goal to acquire 5% of the circulating ETH supply
Seasoned investors like Cathie Wood and Peter Thiel are betting on BitMine&#8217;s ETH play. Through his Founders Fund, Thiel has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46547741/peter-thiel-and-cathie-wood-just-boarded-tom-lees-ether-rocket">acquired a 9% stake in the company</a>. At the same time, ARK Invest—led by Wood—acquired a 1.5% position.
Notably, Ark Invest <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46678150/cathie-wood-goes-on-a-20m-bitmine-immersion-bargain-hunt-as-ark-trims-robinhood-and-pa">purchased 573,853 shares of BitMine</a> on Monday. The transaction was valued at nearly $20.1 million.
Price Action: At the time of writing, ETH was trading at $3,766.85, down 2.06% 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>.&nbsp;&nbsp;
BitMine shares closed 11.8% lower at 35.11 on Wednesday. Year-to-date, the stock has soared over 350%.
As of this writing, the stock demonstrated a very high Momentum score. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to see how Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the pioneer of cryptocurrency treasury play, stacks up.
<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="436" height="201" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28224045/image-434.png" alt="" class="wp-image-1004213" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28224045/image-434.png 436w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/28224045/image-434-300x138.png 300w" sizes="(max-width: 436px) 100vw, 436px" /></a></figure>
Photo Courtesy: T.Dallas on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>

BMNR

BitMine Stock Falls 15.1% After-Hours As Peter Thiel-Backed Company Files Shelf Offering, Might Consider Ethereum Purchase With Proceeds

WIIM

MSTR stock has given up its prior gain. Strategy shares were trading higher after Cantor Fitzgerald raised its price target on the stock from $614 to $680.

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>08/01/25</td>
<td>$175.00</td>
<td>$138.5K</td>
<td>53.6K</td>
<td>123.3K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$155.00</td>
<td>$32.4K</td>
<td>7.8K</td>
<td>24.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$200.00</td>
<td>$123.0K</td>
<td>9.7K</td>
<td>17.3K</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$80.00</td>
<td>$150.0K</td>
<td>2.8K</td>
<td>5.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$250.00</td>
<td>$29.1K</td>
<td>30.6K</td>
<td>3.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/01/25</td>
<td>$520.00</td>
<td>$32.8K</td>
<td>3.2K</td>
<td>2.1K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$250.00</td>
<td>$520.0K</td>
<td>9.3K</td>
<td>1.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$130.00</td>
<td>$32.2K</td>
<td>7.0K</td>
<td>898</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$125.00</td>
<td>$33.4K</td>
<td>985</td>
<td>651</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$5.00</td>
<td>$40.1K</td>
<td>3.5K</td>
<td>587</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on August 1, 2025. Parties traded 500 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $138.5K, with a price of $277.0 per contract. There were 53661 open contracts at this strike prior to today, and today 123369 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on August 1, 2025. This event was a transfer of 120 contract(s) at a $155.00 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 $32.4K, with a price of $271.0 per contract. There were 7838 open contracts at this strike prior to today, and today 24049 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 call option sweep with bullish sentiment. It expires in 18 day(s) on August 15, 2025. Parties traded 665 contract(s) at a $200.00 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 $123.0K, with a price of $185.0 per contract. There were 9772 open contracts at this strike prior to today, and today 17331 contract(s) were bought and sold. 
• Regarding LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we observe a put option sweep with bearish sentiment. It expires in 53 day(s) on September 19, 2025. Parties traded 2000 contract(s) at a $80.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $150.0K, with a price of $75.0 per contract. There were 2879 open contracts at this strike prior to today, and today 5127 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 144 day(s) on December 19, 2025. Parties traded 100 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $291.0 per contract. There were 30618 open contracts at this strike prior to today, and today 3621 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 neutral, expiring in 4 day(s) on August 1, 2025. This event was a transfer of 48 contract(s) at a $520.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $685.0 per contract. There were 3291 open contracts at this strike prior to today, and today 2142 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option trade with neutral sentiment. It expires in 18 day(s) on August 15, 2025. Parties traded 1000 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $520.0K, with a price of $520.0 per contract. There were 9307 open contracts at this strike prior to today, and today 1655 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 53 day(s) on September 19, 2025. Parties traded 200 contract(s) at a $130.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $161.0 per contract. There were 7017 open contracts at this strike prior to today, and today 898 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, expiring in 18 day(s) on August 15, 2025. This event was a transfer of 85 contract(s) at a $125.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $33.4K, with a price of $406.0 per contract. There were 985 open contracts at this strike prior to today, and today 651 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 neutral, expiring in 53 day(s) on September 19, 2025. This event was a transfer of 1 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $40.1K, with a price of $40133.0 per contract. There were 3565 open contracts at this strike prior to today, and today 587 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

CRWV

LRCX

MSFT

NVDA

ORCL

PLTR

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

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), known for its consistent Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) accumulation streak, made no new Bitcoin purchases last week, according to a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45744569/michael-saylors-strategy-to-outperform-bitcoin-heres-how-it-could-happen">SEC Form 8-K filing</a>.
What Happened: The company broke its pattern of weekly acquisitions, despite a social media post from Executive Chairman Michael Saylor that led many to anticipate another buy.
Saylor had referenced Strategy's inaugural Bitcoin acquisition from 2020—$250 million for 21,454 BTC at $11,654 each, fueling speculation of a new buy. 
However, the post turned out to be a retrospective rather than a signal. 
Strategy currently holds 607,770 BTC, acquired at an average price of $71,756, with the total portfolio now valued at approximately $43.61 billion, solidifying its position as the largest public corporate holder of Bitcoin.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46663393/paypal-rolls-out-new-crypto-feature-heres-why-you-should-care">PayPal Rolls Out New Crypto Feature: Here&#8217;s Why You Should Care</a>
Why It Matters: While Strategy hit pause, another player stepped in.
Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>), a cellular IoT semiconductor firm that has adopted Bitcoin as its primary treasury reserve asset, <a href="https://sequans.com/sequans-acquires-755-additional-btc-and-now-holds-3072-btc/">announced</a> the purchase of 755 additional Bitcoin for approximately $88.5 million.
This follows an equity raise earlier in July, which funded the company's expanding Bitcoin strategy.
As of July 25, Sequans holds 3,072 BTC valued at $358.5 million, with an average acquisition cost of $116,690 per coin.
The company emphasized its long-term commitment to Bitcoin as a store of value and stated that future acquisitions may be funded by additional equity raises, operations, or IP monetization.
This puts Sequans among a growing group of non-crypto native firms using their balance sheets to build Bitcoin exposure, reminiscent of early moves by companies like Strategy in 2020.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46658075/sui-joins-bitcoin-ethereum-with-its-own-treasury-company-look-whos-building-a-450-million-reserve">SUI Joins Bitcoin, Ethereum With Its Own Treasury Company: Look Who&#8217;s Building A $450 Million Reserve</a></li>
</ul>
Image: Shutterstock

SQNS

Strategy Announces No New Bitcoin Purchases—But Here's Who Bought 755 BTC

Mill City Ventures III, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCVT#NASDAQ">MCVT</a>), a non-bank lender and specialty finance company, announced a $450 million private placement to adopt a Sui (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>) treasury strategy, marking a significant <a href="https://www.benzinga.com/news/25/07/46581609/xrp-gets-its-own-treasury-company-look-whos-building-a-20-million-xrp-reserve">shift toward blockchain investment</a>.
The company will allocate 98% of the net proceeds to acquire SUI tokens, the native cryptocurrency of the Sui blockchain, positioning itself as the sole SUI treasury supported by the Sui Foundation.
The private placement involves the sale of 83,025,830 shares of common stock at $5.42 per share, with the closing expected on or about July 31, subject to customary conditions.
Karatage Opportunities, a London-based hedge fund specializing in digital assets, and the Sui Foundation led the investment, joined by prominent firms like Galaxy Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>), Pantera Capital, and Electric Capital. 
Galaxy Asset Management will serve as the asset manager. 
Mill City will acquire SUI tokens through open market purchases, institutional-grade deal flow, and a negotiated agreement with the Sui Foundation, providing a publicly traded structure with daily liquidity. 
This industry-first partnership with the Sui Foundation aims to leverage the blockchain's scalability, speed, and security for applications in stablecoins, AI, gaming, and finance. 
Upon closing, Karatage co-founders Marius Barnett and Stephen Mackintosh will assume roles as Chairman of the Board and Chief Investment Officer, respectively. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46656298/bitcoin-may-turn-range-bound-soon-for-these-3-reasons-10x-research">Bitcoin May Turn Range-Bound Soon For These 3 Reasons: 10x Research</a>
Dana Wagner, a former general counsel at Square, will join as an independent board director. 
"We&#8217;re launching at a pivotal moment when institutional crypto and AI are reaching critical mass," said Stephen Mackintosh, proposed Chief Investment Officer. "Sui is well positioned for mass adoption with the efficiency institutions require." 
Christian Thompson, Managing Director at the Sui Foundation, emphasized, "Sui was built to support the next generation of decentralized applications and real-world crypto use-cases." 
Mill City will continue its short-term lending and specialty finance operations, allocating 2% of the proceeds to this business. 
The securities are offered under an exemption from registration under the Securities Act of 1933, with a registration statement for resale to be filed with the SEC. 
Other companies with altcoin treasury strategies include Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), which holds Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), with Bitcoin reserves, as reported by public SEC filings. 
Additionally, Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) maintains Bitcoin as a treasury asset, per its 2024 financial statements.
Also, BTCS Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCS#NASDAQ">BTCS</a>) on Monday announced it has increased its Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) reserves by 14,240 ($55 million) to 70,028 ETH, citing a fair value of roughly $270 million.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46655947/ethereum-native-treasuries-tipped-to-rival-wall-street-but-face-major-risks-bernstein">Ethereum-Native Treasuries Tipped To Rival Wall Street, But Face Major Risks: Bernstein</a></li>
</ul>
Image: Shutterstock

$SUI

BTCS

GLXY

MCVT

SUI Joins Bitcoin, Ethereum With Its Own Treasury Company: Look Who's Building A $450 Million Reserve

Strategy shares are trading higher after Cantor Fitzgerald raised its price target on the stock from $614 to $680.

Cantor Fitzgerald analyst Brett Knoblauch maintains Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Overweight and raises the price target from $614 to $680.

Price Target

Analyst Ratings

Cantor Fitzgerald Maintains Overweight on Strategy, Raises Price Target to $680

Offerings

Strategy Files For Offering Of 28.0M Shares Of Variable Rate Series A Perpetual Stretch Preferred Stock; Says Stretch Preferred Stock Will Have Stated Amount Of $100 Per Share And Initial Liquidation Preference Of $100 Per Share

Electric vehicle company Volcon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) on Friday announced it now holds 3,183.37 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), purchased for approximately $375 million at an average acquisition price of <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46592191/elon-musks-tesla-sits-on-284-million-bitcoin-windfall-in-q2-refuses-to-cash-out">$117,697 per coin.</a>
What Happened: The <a href="https://ir.volcon.com/news-events/press-releases/detail/139/volcon-initiates-strategic-bitcoin-treasury-program-and">disclosure</a> establishes Volcon as one of the most aggressive publicly traded corporate accumulators of Bitcoin to date.
The company said it has also sold short-term Bitcoin put contracts at strike prices of $115,000, $116,000, and $117,000, allowing it to potentially acquire more BTC while generating premium income to reduce net acquisition costs. 
"Our treasury strategy reflects our conviction in Bitcoin as a durable, long-term store of value," said Ryan Lane, Co-CEO of Volcon. "We're focused on offering investors the most efficient and least dilutive means of gaining Bitcoin exposure through public equity."
In tandem with its Bitcoin accumulation, Volcon has expanded its stock repurchase authorization. 
The board approved a $100 million share buyback program to be executed over the next 24 months. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46606847/will-us-banks-launch-their-own-stablecoins-bank-of-america-says-they-might">Will US Banks Launch Their Own Stablecoins? Bank Of America Says They Might</a>
According to the company, repurchases will be made opportunistically in open-market or private transactions, based on prevailing market conditions and share prices relative to net asset value (NAV).
The repurchase initiative is designed to support share value while increasing the BTC-per-share ratio when the stock trades below NAV. 
The company said it intends to fund any buybacks through its existing cash reserves.
Why It Matters: Volcon's move follows a broader trend of publicly traded companies using Bitcoin as a treasury reserve asset.
MicroStrategy, now rebranded as Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), continues to be the largest corporate holder of BTC, joined by other prominent holders like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Block (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>).
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46604913/after-3-5b-bitcoin-windfall-tim-draper-reloads-with-fund-8-heres-whats-coming">After $3.5B Bitcoin Windfall, Tim Draper Reloads With Fund 8—Here&#8217;s What&#8217;s Coming</a></li>
</ul>
Image: Shutterstock

VLCN

Another Nasdaq-Listed EV Company Joins Tesla As Bitcoin Holder: Here's Who (And How Much It Bought)

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. 
Below are some instances of options activity happening in the Information Technology sector: 
<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>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/25/25</td>
<td>$510.00</td>
<td>$44.9K</td>
<td>20.1K</td>
<td>16.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$215.00</td>
<td>$25.8K</td>
<td>18.6K</td>
<td>14.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$425.00</td>
<td>$47.0K</td>
<td>1.4K</td>
<td>9.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$112.00</td>
<td>$31.0K</td>
<td>993</td>
<td>7.4K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$30.00</td>
<td>$43.6K</td>
<td>22.1K</td>
<td>5.9K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$160.00</td>
<td>$36.4K</td>
<td>2.0K</td>
<td>3.6K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/08/25</td>
<td>$17.00</td>
<td>$26.0K</td>
<td>1.4K</td>
<td>3.0K</td>
</tr>
<tr>
<td>FRSH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$12.50</td>
<td>$129.0K</td>
<td>1.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$72.50</td>
<td>$104.5K</td>
<td>10.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>U</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$40.00</td>
<td>$25.7K</td>
<td>3.0K</td>
<td>1.3K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 84 contract(s) at a $510.00 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 $44.9K, with a price of $535.0 per contract. There were 20165 open contracts at this strike prior to today, and today 16922 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 bullish, expiring in 7 day(s) on August 1, 2025. This event was a transfer of 60 contract(s) at a $215.00 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 $25.8K, with a price of $430.0 per contract. There were 18632 open contracts at this strike prior to today, and today 14183 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 7 day(s) on August 1, 2025. Parties traded 100 contract(s) at a $425.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $47.0K, with a price of $470.0 per contract. There were 1459 open contracts at this strike prior to today, and today 9028 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on August 1, 2025. This event was a transfer of 166 contract(s) at a $112.00 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 $31.0K, with a price of $187.0 per contract. There were 993 open contracts at this strike prior to today, and today 7408 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 trade that happens to be bearish, expiring in 539 day(s) on January 15, 2027. This event was a transfer of 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $43.6K, with a price of $218.0 per contract. There were 22136 open contracts at this strike prior to today, and today 5952 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 put option sweep with bullish sentiment. It expires in 7 day(s) on August 1, 2025. Parties traded 8 contract(s) at a $160.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $4556.0 per contract. There were 2042 open contracts at this strike prior to today, and today 3660 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 call option sweep with bullish sentiment. It expires in 14 day(s) on August 8, 2025. Parties traded 237 contract(s) at a $17.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $110.0 per contract. There were 1432 open contracts at this strike prior to today, and today 3030 contract(s) were bought and sold. 
• For FRSH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), we notice a put option trade that happens to be bearish, expiring in 21 day(s) on August 15, 2025. This event was a transfer of 3000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $129.0K, with a price of $43.0 per contract. There were 1373 open contracts at this strike prior to today, and today 3016 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a call option trade that happens to be bullish, expiring in 21 day(s) on August 15, 2025. This event was a transfer of 2050 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $104.5K, with a price of $51.0 per contract. There were 10631 open contracts at this strike prior to today, and today 2078 contract(s) were bought and sold. 
• For U (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), we notice a call option trade that happens to be bearish, expiring in 56 day(s) on September 19, 2025. This event was a transfer of 155 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.7K, with a price of $166.0 per contract. There were 3075 open contracts at this strike prior to today, and today 1337 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.

CSCO

FRSH

INTC

10 Information Technology Stocks Whale Activity In Today's Session

Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) on Friday announced it has increased its <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46520495/strategy-buys-6220-btc-boosts-bitcoin-war-chest-to-607770">initial public offering</a> from $500 million to $2.521 billion to fund Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) purchases.
What Happened: The offering, <a href="https://www.strategy.com/press/strategy-announces-pricing-of-strc-perpetual-preferred-stock_07-25-2025">priced</a> on July 24, involves 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at $90 per share, with net proceeds estimated at $2.474 billion after expenses.
The STRC stock, set to settle on July 29, carries a 9% initial annual dividend, payable monthly starting August 31.
Strategy plans to use the proceeds primarily for acquiring Bitcoin and for working capital. 
The company, which holds 607,770 BTC valued at approximately $72.4 billion, is the world's largest publicly traded Bitcoin treasury company.
Strategy's move aligns with its aggressive Bitcoin accumulation strategy, pioneered by Executive Chairman Michael Saylor since 2020. 
The firm's stock has <a href="https://www.ainvest.com/news/bitcoin-news-today-strategy-raises-500-million-boost-bitcoin-holdings-71-billion-2507/">risen</a> over 2,860% since adopting Bitcoin as its primary treasury asset, reflecting strong investor confidence despite concerns about valuation premiums.
Why It Matters: Other companies have followed Strategy's lead in adopting Bitcoin as a treasury asset.
Trump Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) raised $2.5 billion in 2025 to invest in Bitcoin, aiming to diversify its revenue. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46627175/4000-is-ethereums-last-hurdle-before-price-discovery-says-galaxy-digitals-mike-novogratz">$4,000 Is Ethereum&#8217;s Last Hurdle Before Price Discovery, Says Galaxy Digital&#8217;s Mike Novogratz</a>
GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) acquired 4,710 BTC for $497 million, while Paris Saint-Germain and K33 also established Bitcoin treasuries. 
Globally, 140 publicly traded companies now hold Bitcoin.
Other Firms With Bitcoin Treasuries
Strategy remains the dominant player, but it is not alone. 
Other publicly traded companies that have adopted Bitcoin as part of their treasury strategy include:
<ul class="wp-block-list">
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): Held approximately 10,500 BTC at one point, initially purchasing $1.5 billion worth in 2021.</li>
<li>Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>): Formerly Square, the payments company has repeatedly invested in Bitcoin since 2020.</li>
<li>Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Hut 8 Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>): Both firms hold substantial BTC reserves as part of their operational and balance sheet strategies.</li>
<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>): Holds Bitcoin both as an operational necessity and a balance sheet reserve.</li>
</ul>
What&#8217;s Next: The corporate Bitcoin adoption trend was accelerated after U.S. accounting rules changed in 2024, allowing for fair value accounting of crypto assets, reducing the reporting friction associated with volatility on financial statements.
The STRC offering, managed by Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Barclays (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>), Moelis &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>), and TD Securities, allows Strategy to adjust dividends based on market conditions, with restrictions on reductions. 
The stock can be redeemed at $101 per share after listing on major exchanges, ensuring flexibility for the company.
Strategy's capital-raising efforts, including prior $4.2 billion STRD offerings, support its "42/42" plan to raise $84 billion by 2027 for Bitcoin acquisitions. 
The firm's Bitcoin holdings, representing 3% of the total 21 million BTC supply, underscore its dominant position in the corporate crypto space.
Analysts remain divided on Strategy's strategy. 
Some, like Canaccord Genuity, see a rational approach, while others question the sustainability of its premium valuation if Bitcoin prices fall. 
Saylor, however, asserts the company's capital structure can withstand significant market downturns.
Read Next: 
<ul class="wp-block-list">
<li><a style="font-weight: bold;" href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46619087/gold-backed-stablecoin-debuts-as-payment-method-for-african-content-creators">Gold-Backed Stablecoin Debuts As Payment Method For African Content Creators</a></li>
</ul>
Image: Shutterstock

Strategy Upsizes $500 Million IPO To $2.5 Billion: Which Other Companies Are Buying Bitcoin?

Davis Commodities Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTCK#NASDAQ">DTCK</a>), a Singapore-based agricultural trading firm, today announced a strategic review of a Fractal Bitcoin Reserve (FBR) model and tokenized ESG commodity infrastructure, in light of growing institutional interest in real-world asset (RWA) tokenization, programmable finance, and blockchain-linked treasury tools.
These evaluations come as part of the company's broader capital strategy roadmap, which aligns with a projected $16 trillion global RWA tokenization market by 2030, according to industry forecasts. The company also cited the expanding use of Bitcoin as a corporate treasury asset—an approach pioneered by U.S. firms like Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)—as an inspiration for treasury diversification.

DTCK

Davis Commodities Announces Strategic Review Of Fractal Bitcoin Reserve Model And Tokenized ESG Commodity Infrastructure Amid $16 Trillion Digital Asset Surge

Strategy&#x2122; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) today announced the pricing of its initial public offering on July 24, 2025 of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (the "STRC Stock"), at a public offering price of $90 per share. The issuance and sale of the STRC Stock is scheduled to settle on July 29, 2025, subject to customary closing conditions.
Strategy estimates that the net proceeds to it from the offering will be approximately $2.474 billion, after deducting the underwriting discounts and commissions and Strategy's estimated offering expenses. Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.
The STRC Stock will accumulate cumulative dividends at a variable rate (as described below) per annum on the stated amount of $100 per share (the "stated amount") thereof. Regular dividends on the STRC Stock will be payable when, as and if declared by Strategy's board of directors or any duly authorized committee thereof, out of funds legally available for their payment, monthly in arrears on the last calendar day of each calendar month, beginning on August 31, 2025. The initial monthly regular dividend rate per annum will be 9.00%. However, Strategy will have the right, in its sole and absolute discretion, to adjust the monthly regular dividend rate per annum applicable to subsequent regular dividend periods. Strategy's right to adjust the monthly regular dividend rate per annum will be subject to certain restrictions. For example, Strategy will not be permitted to reduce the monthly regular dividend rate per annum that will apply to any regular dividend period (i) by more than the following amount from the monthly regular dividend rate per annum applicable to the prior regular dividend period: the sum of (1) 25 basis points; and (2) the excess, if any, of (x) the one-month term SOFR rate on the first business day of such prior regular dividend period, over (y) the minimum of the one-month term SOFR rates that occur on the business days during the period from, and including, the first business day of such prior regular dividend period to, and including, the last business day of such prior regular dividend period; or (ii) to a rate per annum that is less than the one-month term SOFR rate in effect on the business day before Strategy provides notice of the next monthly regular dividend rate per annum. In addition, Strategy will not be entitled to elect to reduce the monthly regular dividend rate per annum unless all accumulated regular dividends, if any, on the STRC Stock then outstanding for all prior completed regular dividend periods, if any, have been paid in full. Strategy's current intention (which is subject to change in Strategy's sole and absolute discretion) is to adjust the monthly regular dividend rate per annum in such manner as Strategy believes will maintain STRC Stock's trading price at or close to its stated amount of $100 per share. Declared regular dividends on the STRC Stock will be payable solely in cash. In the event that any accumulated regular dividend on the STRC Stock is not paid on the applicable regular dividend payment date, then additional regular dividends ("compounded dividends") will accumulate on the amount of such unpaid regular dividend, compounded monthly on each subsequent regular dividend payment date at the monthly regular dividend rate per annum applicable to the relevant regular dividend period, from, and including, the calendar day after such regular dividend payment date to, and including, the date the same, including all compounded dividends thereon, is paid in full.

Strategy Announces Pricing Of IPO Of STRC Stock At $90 Per Share Scheduled To Settle On July 29, 2025 With Net Proceeds From The Offering Expected To Be ~$2.474B

Michael Saylor's Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holding company, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), increased the size of its latest preferred equity issuance to $2 billion from $500 million, according to a Thursday report.
What Happened: Strategy boosted its Series A Perpetual Stretch Preferred Stock offering, announced earlier this week, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-24/saylor-s-strategy-expands-preferred-stock-offering-to-2-billion">reported</a>, citing sources familiar with the matter. The company previously disclosed a plan to issue 5 million shares.
The proceeds are meant to be channeled for general corporate purposes, including Bitcoin acquisitions.
Strategy intends to price the shares, which carry an initial dividend of 9%, at $90 each, marking a discount to the earlier face value of $100 apiece, the report said.&nbsp; Unlike its <a href="https://www.benzinga.com/news/25/05/45567005/strategy-mstr-stock-rises-on-2-1b-preferred-stock-offering-bitcoin-all-time-high">other preferred stock offerings</a>, the STRC will pay cumulative dividends at a variable rate.
A preferred stock <a href="https://www.benzinga.com/money/how-to-buy-preferred-stock#:~:text=Preferred%20stock%20carries%20less%20risk,flow%20of%20the%20general%20market.">has priority over common stock</a> in terms of dividend payments and asset distribution during liquidation.
Strategy did not immediately respond to Benzinga&#8217;s request for confirmation.
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/25/07/46612914/bitcoin-could-go-to-300000-before-great-depression-crisis-traders-argue">Bitcoin Could Go To $300,000 Before &#8216;Great Depression&#8217; Crisis, Traders Argue</a>
Why It Matters: Strategy has front-run Bitcoin&#8217;s corporate adoption,&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45837005/strategy-buys-another-110-million-in-bitcoin-now-holds-582000-btc" target="_blank" rel="noreferrer noopener">building its reserve</a>&nbsp;with proceeds from common stock, preferred stock, and convertible bond issuances. The firm held a stash of more than 607,770 BTC, worth over $70 billion as of this writing,&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to&nbsp;bitcointreasuries.net, cornering over 3% of the total circulating supply.
The preferred stock strategy capitalizes on what Saylor has described as a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45417306/michael-saylors-bitcoin-strategy-infinite-money-glitch-or-a-reflexive-leverage-bet" target="_blank" rel="noreferrer noopener">"quadratically reflexive, engineered instrument"</a>&nbsp;that allows Strategy to issue shares at premiums to Bitcoin's value, effectively acquiring BTC at discounts.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $115,317, down 2.71% 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>. 
Shares of Strategy fell 0.44% in after-hours trading after closing 0.55% higher at $414.92&nbsp;during Thursday's regular trading session, 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>. Year-to-date, the stock has gained 43.26%.
MSTR recorded an impressive Momentum score as of this writing. If you are looking to set aside similar high-momentum stocks for your portfolio, go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> for assistance.
<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="960" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25000647/image-380.png" alt="" class="wp-image-1000034" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25000647/image-380.png 960w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25000647/image-380-300x60.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25000647/image-380-768x153.png 768w" sizes="(max-width: 960px) 100vw, 960px" /></a></figure>
Photo courtesy: PJ McDonnell / Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46486386/tom-lee-says-michael-saylor-led-strategys-35x-surge-wasnt-just-bitcoin-treasury-moves-far-more-significant-than-token-price-gain">Tom Lee Says Michael Saylor-Led Strategy&#8217;s 35x Surge Wasn&#8217;t Just Bitcoin — Treasury Moves &#8216;Far More Significant&#8217; Than Token Price Gain</a></li>
</ul>

Michael Saylor's Strategy Is Amping Up Its Preferred Stock Offering From $500 Million To $2 Billion For Buying Bitcoin: Report

Major altcoins led by Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Ripple&#8216;s XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) posted sharp declines on Thursday, reversing gains from a strong rally earlier this month.
What Happened: The broader cryptocurrency market experienced a notable selloff, with experts pointing to both overheated momentum and emerging signs of a corrective phase, even as structural fundamentals continue to strengthen.
According to data, Ethereum dropped 2%, while XRP fell by over 10%, leading losses among large-cap tokens. 
Other altcoins including BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and Tron (CRYPTO: TRON) also registered losses exceeding 4%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), in contrast, edged slightly higher, gaining 0.26% and maintaining relative stability during the downturn.
What Experts Are Saying: In a note sent to Benzinga, James Harris, CEO of institutional crypto firm Tesseract, said the market's recent surge to a $4 trillion total market cap was driven by a "powerful trifecta" of supportive forces, but he cautioned that these tailwinds come with their own risks.
"The rally has been underpinned by structural regulatory wins, improving macro conditions, and growing corporate treasury involvement," Harris explained. 
He noted that new U.S. legislation such as the GENIUS Act and progress on the CLARITY bill have triggered a sharp turnaround in institutional sentiment.
Also Read: <a href="https://www.benzinga.com/news/25/07/46581609/xrp-gets-its-own-treasury-company-look-whos-building-a-20-million-xrp-reserve">XRP Gets Its Own Treasury Company: Look Who&#8217;s Building A $20 Million XRP Reserve</a>
"Bitcoin jumped 10–15% after the legislation moved forward, and altcoins like ETH outpaced that," he said.
Harris also cited improving inflation data and expectations for interest rate cuts as key macroeconomic drivers behind the current risk-on sentiment. 
"As central banks around the world begin to shift toward easing, capital is flowing into assets like crypto that sit higher on the risk curve," he said.
Beyond the macro and regulatory backdrop, Harris pointed to a growing trend of public companies treating digital assets as treasury reserves. 
"Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) added over 20,000 BTC this year alone, and others are following," he noted. "We're seeing listed firms buying ETH, SOL, and even making those moves public — a self-reinforcing loop."
However, that same bullish setup could quickly unravel, Harris warned. "While momentum is strong, these forces can reverse quickly. Disciplined risk management remains essential."
Alex Kuptsikevich, Chief Market Analyst at FxPro, offered a more near-term technical outlook. 
"Altcoins, which had been fueling the rally, have sold off aggressively. Nearly half of the top 100 altcoins are posting double-digit losses," he said.
He also observed a narrowing range in Bitcoin's price movement:
"BTC's stability is critical. If it drops to $111,000, it would complete a textbook corrective pattern," Kuptsikevich added, warning that continued weakness could intensify bearish sentiment across the entire crypto market.
Despite recent ETF outflows in Bitcoin, Kuptsikevich noted that Ethereum continues to attract fresh capital into funds, highlighting diverging investor sentiment between the two largest assets.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46579590/altcoin-speculation-surges-is-crypto-headed-for-a-leverage-fueled-meltdown">Altcoin Speculation Surges: Is Crypto Headed For A Leverage-Fueled Meltdown?</a></li>
</ul>
Image: Shutterstock

$ADA

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Ethereum, XRP Sink While Bitcoin Holds: What's Going On With Altcoins?

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Press Releases

FINAL STRATEGY DEADLINE ALERT: Bragar Eagel & Squire, P.C. Urges Investors in Strategy Incorporated (MSTR) to Inquire About Their Rights in Class Action Lawsuit

Strategy Announces Earnings Release Date and Live Video Webinar for Second Quarter 2025 Financial Results

STRATEGY INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Strategy Incorporated on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Strategy Announces Proposed Initial Public Offering of STRC Stock

Global Blockchain Artificial Intelligence Market Size Estimated to Reach $4.33 Billion By 2034

Roundhill Investments Launches Five Additional WeeklyPay™ ETFs

Dynamite Blockchain Outlines Utility Token Strategy

Strategy Announces Pricing of Initial Public Offering of STRC Stock

Davis Commodities Reviews Bitcoin Reserve Model and Tokenized ESG Infrastructure Amid $16 Trillion Digital Asset Surge

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BENZINGA GLOBAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:47 PMJul 28, 2025	CALL	$390.00	Jan 15, 2027	534	0	95	0	634	SWEEP	BEARISH
01:21 PMJul 28, 2025	PUT	$360.00	Sep 19, 2025	51	392	363	30	1302	SWEEP	BEARISH
01:21 PMJul 28, 2025	CALL	$450.00	Sep 19, 2025	51	544	363	11	4764	SWEEP	BEARISH
01:10 PMJul 28, 2025	CALL	$5.00	Sep 19, 2025	51	557	20	16	3565	TRADE	BULLISH
01:06 PMJul 28, 2025	CALL	$5.00	Sep 19, 2025	51	471	20	13	3565	TRADE	BULLISH
01:06 PMJul 28, 2025	CALL	$5.00	Sep 19, 2025	51	451	20	13	3565	TRADE	BULLISH
03:42 PMJul 25, 2025	CALL	$430.00	Aug 01, 2025	2	30168	4998	265	11379	TRADE	NEUTRAL
03:23 PMJul 25, 2025	CALL	$430.00	Aug 01, 2025	2	16884	2500	148	11379	TRADE	NEUTRAL
02:37 PMJul 25, 2025	CALL	$430.00	Aug 01, 2025	2	4546	1353	40	11379	SWEEP	BULLISH
02:19 PMJul 25, 2025	PUT	$405.00	Oct 17, 2025	79	382	250	105	363	TRADE	BEARISH
01:44 PMJul 25, 2025	CALL	$425.00	Aug 01, 2025	2	9227	1344	632	1459	SWEEP	BEARISH
11:22 AMJul 25, 2025	PUT	$800.00	Oct 17, 2025	79	95	25	Infinity	0	TRADE	NEUTRAL
11:07 AMJul 25, 2025	CALL	$0.50	Jan 16, 2026	170	43	19	0	22775	TRADE	BULLISH
09:46 AMJul 25, 2025	CALL	$370.00	Aug 15, 2025	16	301	300	43	700	TRADE	BEARISH
02:42 PMJul 24, 2025	PUT	$330.00	Nov 21, 2025	114	450	450	168	268	TRADE	BULLISH
11:48 AMJul 24, 2025	CALL	$420.00	Dec 19, 2025	142	510	500	35	1464	TRADE	NEUTRAL
10:07 AMJul 24, 2025	PUT	$400.00	Sep 19, 2025	51	611	201	28	2151	SWEEP	BEARISH
09:31 AMJul 24, 2025	CALL	$435.00	Aug 01, 2025	2	2507	1987	117	2137	SWEEP	BULLISH
09:30 AMJul 24, 2025	CALL	$350.00	Jan 16, 2026	170	0	50	0	2587	TRADE	BEARISH
03:58 PMJul 23, 2025	PUT	$415.00	Sep 19, 2025	51	230	158	9	2547	TRADE	BEARISH
12:59 PMJul 23, 2025	CALL	$0.50	Jan 16, 2026	170	48	15	0	22658	TRADE	NEUTRAL