**MicroStrategy**, the **business intelligence giant**, has announced plans to raise **$500 million** through a stock sale, with the proceeds exclusively used to **purchase more Bitcoin** (BTC). This move further solidifies MicroStrategy's **commitment to BTC as a treasury reserve asset**. The company has been **aggressively acquiring Bitcoin** in recent years, and its latest move demonstrates its **continued confidence in the cryptocurrency**'s long-term potential. The stock sale is expected to close in the **near future**, subject to market conditions.

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDYvN2FlZTVmMDUtMTllMS00NWM4LThiNTMtYTFlZGRjYjI4MGVmLmpwZw==.jpg"></p><p>MicroStrategy plans a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset. </p>

Josh O'Sullivan 28 minutes ago MicroStrategy plans $500M stock sale to buy more Bitcoin MicroStrategy plans a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset. 340 Total views 1 Total shares Listen to article 0:00 News Own this piece of crypto history Collect this article as NFT Join us on social networks MicroStrategy has announced the intention to offer $500 million in convertible senior notes due in 2032.The private offering to qualified institutional buyers would adhere to Rule 144A of the Securities Act 1933 and is “subject to market conditions and other factors.” “The notes will be unsecured, senior obligations of MicroStrategy and will bear interest payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2024. The notes will mature on June 15, 2032, unless earlier repurchased, redeemed or converted in accordance with their terms.”Source: Michael SaylorRelated: Big shorters are betting $6.9B against MicroStrategy stocksProceedings and strategic aimsThe net proceeds will primarily be used to acquire additional Bitcoin (BTC), aligning with MicroStrategy’s long-term goal of using BTC as its treasury reserve asset.The firm expects to grant initial purchasers of notes the option to buy a further $75 million in “aggregate principal amount of the notes.”“If MicroStrategy redeems fewer than all the outstanding notes, at least $75 million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date.”Related: Bitcoin vs. Buffett: BTC holders’ 104% CAGR dwarfs ‘steady growth’ portfolioThis is a developing story, and further information will be added as it becomes available. #Bitcoin #Cryptocurrencies #Nasdaq #Adoption #Stocks #Tokens #MicroStrategy Add reaction

MicroStrategy Raises $500 Million to Expand Bitcoin Holdings

**Michael Saylor's Strategy** is making waves with its latest financial innovation: a **Bitcoin-backed money-market-style vehicle** designed for Wall Street investors. This groundbreaking offering, in collaboration with **NYDIG**, introduces a **$2 billion "Stretch" Preferred Stock (STRC)** with a variable **9% dividend**, aiming to keep share prices stable around $100.

### Key Features of the STRC Offering
- **No direct Bitcoin exposure**: Unlike traditional crypto investments, this vehicle leverages Bitcoin's historical return profile to ensure high payouts without direct asset exposure.
- **Backed by Bitcoin's performance**: With **$71.7 billion in Bitcoin holdings** and only $11 billion in liabilities, Strategy has ample room to deliver consistent income, even in volatile markets.
- **Historical returns as a foundation**: Bitcoin has historically provided at least **3%–4% annual returns** over any five-year period, with averages often significantly higher.

### Why This Matters
This innovative approach allows investors to benefit from **Bitcoin's long-term appreciation** without the typical volatility, transforming crypto gains into **steady monthly cash flow**. The STRC offering has already seen overwhelming demand, prompting Strategy to **quadruple its size** from an initial $500 million to $2 billion.

**NYDIG** describes the STRC as a **high-yield, Bitcoin-backed vehicle**, offering yields far surpassing traditional short-term instruments, albeit with a different liquidity profile. This could mark the beginning of a new era where **Bitcoin's potential is seamlessly integrated into traditional finance**, appealing to income-focused investors.

For more insights, check out [Michael Saylor Builds Out Own Yield Curve With Upsized Preferred Stock Sale](https://www.coindesk.com/markets/2025/07/25/michael-saylor-continues-to-build-out-his-own-yield-curve).

The offering doesn't give investors direct bitcoin exposure, but rather uses the asset's historical return profile to sustain high payouts.

Michael Saylor's Bold Move: A Bitcoin-Backed Investment Vehicle Hits Wall Street

## **The Ingenious Trap That's Cost Scammers 4,000 Hours**

A creative content creator has devised a **fake Bitcoin ATM receipt** that scammers can never redeem, trapping them in an **infinite maze** of frustration. This scheme has successfully wasted **3,953 hours** of scammers' time, with the longest single attempt lasting **156 hours**.

### **How the Scheme Works**

Scammers often demand payments via **Bitcoin ATMs**, seeing them as a quick way to convert cash into crypto. Kitboga, a YouTube and Twitch streamer, created a **Photoshopped Bitcoin ATM receipt** linked to a fake exchange. The QR code and hotline number on the receipt lead scammers into a **maze of tedious tasks** and endless holds.

- **CAPTCHAs from Hell**: Scammers face absurd challenges, like estimating the number of nuts in a bucket or playing "Sandstorm" by Darude on a keyboard.
- **Endless Hotline**: After failing to redeem the Bitcoin, scammers call a hotline that mishears their inputs, leaves them on hold for hours, and demands they repeat ridiculous phrases like "super smelly ghost."

### **Why It Matters**

Beyond wasting time, this scheme is Kitboga's **most effective tool for gathering intel** on scammers. By luring them into revealing wallet addresses or even accessing their cameras, his team can **identify and report** malicious actors to law enforcement. Partnered with **Kraken**, Kitboga has helped freeze scammer funds stored on reputable exchanges.

### **The Bigger Picture**

Kitboga started this mission **eight years ago** after realizing his grandparents could easily fall for such scams. What began as a weekend hobby has grown into a **full-time operation**, educating millions through his **1.2 million Twitch followers** and **3.74 million YouTube subscribers**.

Now, his team is expanding the concept to **gift card and mail-in cash scams**, ensuring scammers waste even more time—and hopefully, save potential victims.

Scammers use Bitcoin ATMs to get victims to send money to them, so streamer Kitboga created a receipt that can never be redeemed.

How a Fake Bitcoin ATM Scheme Turned the Tables on Scammers, Wasting 4,000 Hours of Their Time

In South Korea, a heated debate over **stablecoins** has emerged, pitting the **ruling party** against the **Bank of Korea**. The ruling party advocates for allowing companies to issue cryptocurrencies, viewing it as a step towards innovation and economic growth. However, the **Bank of Korea** expresses concerns over potential **capital outflows** and the destabilization of the financial system.

### The Heart of the Controversy
- **Ruling Party's Stance**: Believes in fostering a **crypto-friendly environment** to spur innovation and attract global investments.
- **Bank of Korea's Concerns**: Fears that unchecked crypto issuance could lead to **financial instability** and **capital flight**, undermining the national economy.

This standoff highlights the global challenge of **regulating cryptocurrencies** while balancing **innovation** with **financial security**. South Korea's approach could set a precedent for how other nations navigate the complex landscape of **digital currencies**.

Ruling party wants to let companies issue crypto, but Bank of Korea fears capital outflows

South Korea's Crypto Clash: Stablecoins Spark Central Bank vs. Lawmakers Debate

## Ethereum ETFs Take the Lead

This week, **spot Ethereum ETFs** have significantly outperformed their Bitcoin counterparts, attracting over **$1.8 billion in investments** compared to just **$70 million for Bitcoin funds**. This marks a notable shift in investor interest towards Ethereum, the second-largest cryptocurrency by market cap.

### The Driving Forces Behind Ethereum's Surge

- **Diversification**: Investors are increasingly looking to diversify their portfolios beyond Bitcoin, with Ethereum being the most accessible option through spot ETFs.
- **Legislative Support**: The recent passage of the **GENIUS Act stablecoin bill** has bolstered confidence in Ethereum, given its dominant role in stablecoin transactions.
- **Price Performance**: Ethereum's price has surged by more than **50% over the past month**, despite a recent 3% dip from its seven-month high.

### Spotlight on BlackRock's Ethereum Trust

BlackRock's **iShares Ethereum Trust (ETHA)** has been a standout, adding **$1.29 billion in investments** this week and reaching **$10 billion in assets under management** in just 251 days—making it the third-fastest ETF to hit this milestone in history.

### What's Next for Ethereum and Bitcoin ETFs?

While Ethereum ETFs are currently in the spotlight, experts like **Juan Leon from Bitwise Asset Management** suggest that Bitcoin ETFs may regain momentum later this year, especially as major financial platforms begin offering them. However, for now, Ethereum continues to **punch above its weight** in the crypto ETF space.

Ethereum ETFs flipped their Bitcoin counterparts this week, adding $1.8 billion in ETH while BTC funds saw a fraction of that tally.

Why Ethereum ETFs Are Outshining Bitcoin: A Surge in Demand Explained

**The cryptocurrency market**, now valued at about **$4 trillion**, is regaining investor confidence. This resurgence is partly due to the current U.S. presidential administration's **friendly stance toward digital assets**. Among the myriad of cryptocurrencies, **Bitcoin (BTC)** remains a favorite, especially among the wealthy and influential, including billionaire **Michael Saylor**.

### **Michael Saylor's Bold Bitcoin Prediction**
At the **Bitcoin Conference in Nashville, Tennessee**, in July 2024, Saylor shared his **long-term price target for Bitcoin**: **$21 million by 2045**. This represents a **17,400% increase** from its current price of around **$120,000**, translating to a **27.9% compound annual growth rate (CAGR)**. Saylor's optimism is fueled by Bitcoin's potential to **absorb capital from traditional asset classes** like stocks, bonds, and real estate.

![Toy spaceship with Bitcoin logo launching.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F826232%2Ftoy-spaceship-with-bitcoin-logo-launching.jpg&op=resize&w=700)

### **Why Saylor is Doubling Down on Bitcoin**
Saylor's company, **MicroStrategy (now Strategy)**, has aggressively accumulated **Bitcoin** since August 2020, amassing **607,770 BTC** (worth nearly **$73 billion**) as of July 2024. This makes it the **largest corporate holder of Bitcoin** globally, second only to the **iShares Bitcoin Trust (ETF)**.

Saylor's strategy hinges on Bitcoin's **scarcity**—its fixed supply cap of **21 million coins**—and its role as a **hedge against inflation** and **currency debasement**. With the U.S. government's increasing debt and money printing, Saylor believes Bitcoin's value will continue to rise.

### **Regulatory Tailwinds for Bitcoin**
Recent U.S. regulatory developments, including the **Genius Act, Clarity Act, and CBDC Anti-Surveillance State Act**, have further bolstered Bitcoin's prospects. The proposed **Strategic Bitcoin Reserve** also signals growing institutional acceptance.

### **Should You Invest in Bitcoin?**
While Saylor's **$21 million price target** is speculative, Bitcoin's **scarcity, decentralization, and growing adoption** make it a compelling asset. Investors might consider allocating a **small portion of their portfolio** to Bitcoin as a long-term hedge.

The cryptocurrency market, now valued at about $4 trillion, is starting to once again win over investors. The industry is attracting capital and interest as the current presidential administration adopts a friendly stance toward digital assets.

Michael Saylor Predicts Bitcoin Could Skyrocket 17,400% - Here's Why

**Coinbase Challenges Oregon's Legal Action Over Alleged Financial Incentives**

In a bold move, Coinbase, a leading cryptocurrency exchange, has raised concerns over Oregon's lawsuit against it, suggesting the action was motivated by questionable financial incentives. The dispute centers around Oregon's Attorney General Dan Rayfield suing Coinbase for alleged violations of state securities laws, a move that comes after the federal Securities and Exchange Commission (SEC) dropped its own civil suit against the company.

**The Controversial Contract**

Coinbase's investigation into the matter revealed a 2023 agreement between the Oregon Department of Justice and the Washington, D.C.-based law firm Cohen Milstein Sellers & Toll. This agreement stipulated that the firm would only be paid if legal action was taken against Coinbase and resulted in damages awarded to the state. Notably, the firm had previously donated to both Rayfield's and his predecessor's campaigns.

**Coinbase's Response**

Ryan VanGrack, Coinbase's Vice President of Legal, criticized the arrangement, arguing it creates a conflict of interest by incentivizing the firm to pursue legal action regardless of the merits. "This turns the investigation on its head," VanGrack stated, highlighting the financial motive behind the lawsuit.

**Oregon's Defense**

Rayfield defended the lawsuit as a necessary step to protect Oregonians, emphasizing the state's use of outside lawyers in similar cases against major corporations. He dismissed Coinbase's allegations as an attempt to divert attention from the substantive issues at hand.

**The Broader Implications**

This legal battle occurs against the backdrop of the U.S. House of Representatives passing the Digital Asset Market Clarity Act, which seeks to redefine cryptocurrency market regulations. The act, supported by Coinbase, aims to shift oversight from the SEC to the Commodity Futures Trading Commission (CFTC), signaling a potential shift in how digital assets are regulated in the U.S.

Oregon sued Coinbase alleging violations of state securities laws. Coinbase says the decision to sue was based on suspect financial incentives.

MicroStrategy Raises $500 Million to Expand Bitcoin Holdings

Summary:

$500 million stock sale to fund Bitcoin acquisitions.

Proceeds will be used to acquire additional Bitcoin.

MicroStrategy's long-term commitment to BTC as a treasury reserve asset.

Company has been aggressively acquiring Bitcoin in recent years.

Stock sale expected to close in the near future.

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Michael Saylor Predicts Bitcoin Could Skyrocket 17,400% - Here's Why

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