- Strategy is facing a class action lawsuit from the U.S. SEC for allegedly misleading investors about its BTC investment approach.
- Wall Street analysts, led by experts at Standard Chartered, predict that Bitcoin’s price will surge beyond $200k by the end of the year.
Strategy (NASDAQ: STRK) has announced plans on Thursday, May 22, to bolster its Bitcoin (BTC) holdings amidst the current bullish market sentiment. The company revealed that it has entered into a sales agreement to sell 10 percent series A perpetual strife preferred stock for $0.001 per share.
Through this move, Strategy aims to raise a total of $2.1 billion through the ATM program over an extended period. This recent development follows a similar sales program announced on March 10, 2025, to raise $21 billion for its 8 percent Series A Perpetual Strike Preferred Stock.
Strategy Fuels Bitcoin Price Growth
As reported by Coinpedia, Strategy has been steadily accumulating more Bitcoins on a weekly basis by leveraging global equity markets. Just this week, Strategy announced the acquisition of an additional 7,390 BTC, bringing their total holdings to approximately 576,230 Bitcoins, which accounts for about 2.74 percent of the total supply.
Strategy’s Bitcoin accumulation strategy has not only influenced other global companies like MetaPlanet to adopt a similar approach but has also contributed to a supply-demand imbalance that is fueling the current bullish sentiment for BTC.
Following a breakout from its previous all-time high, BTC price continued to climb on Thursday, reaching a new peak of around $111.9k. This surge has led Wall Street analysts to predict further growth in the coming weeks. Standard Chartered analysts, for example, expect Bitcoin’s price to hit $120,000 by the end of Q2 and $200,000 by the end of 2025. The positive outlook for cryptocurrencies is further supported by the improving regulatory environment in the U.S., particularly with the GENIUS Act.