Coinspeaker
Strategy (Formerly MicroStrategy) Eyes $500M Raise To Buy Bitcoin: What’s Next for BTC?
In a bold move to expand its Bitcoin holdings, Strategy, the business software intelligence company formerly known as MicroStrategy, has filed with the SEC to raise $500 million through a stock offering.
Strategy’s New Announcement
The company intends to issue 5 million shares of its 10% Series A Perpetual Strife Preferred Stock, priced at $100 per share. This fresh capital is expected to be allocated for general corporate purposes, including acquiring more Bitcoin.
Notably, this announcement follows Strategy’s prior declaration to raise a staggering $21 billion by offering shares of its 8% Series A perpetual strike preferred stock.
The aggressive Bitcoin accumulation strategy reflects the Phong Le-led company’s unwavering belief in BTC’s long-term potential.
Latest BTC Purchase
In its latest purchase, Strategy acquired 130 BTC for $10.7 million at an average price of $82,981 per Bitcoin, marking its smallest Bitcoin acquisition to date.
With this addition, the company now holds 499,226 BTC, acquired at an average price of $66,360 per BTC.
Amid this accumulation, founder and former CEO Michael Saylor remains as bullish as ever, predicting that Bitcoin will skyrocket to $440,000 by the end of the year, asking investors to “enjoy the Golden Bull Run.”
CryptoQuant CEO’s Prediction
Contrary to Saylor’s belief, CryptoQuant CEO Ki Young Ju suggests that Bitcoin’s bull cycle is over, forecasting 6–12 months of bearish or sideways price action.
According to Young Ju, on-chain metrics, including MVRV, SOPR, and NUPL, signal a bear market as fresh liquidity dries up and new whales offload their BTC at lower prices.
A chart shared by Young Ju depicts the 365-day moving average inflection points, highlighting trend reversals that historically precede bear markets.
He further noted that despite a significant trading volume around the $100K level, Bitcoin failed to sustain upward momentum. ETF inflows have also turned negative for three consecutive weeks, adding to the bearish sentiment.
“It now looks pretty clear that we’re entering a bear market,” he admitted while clarifying that he is not shorting BTC and still holds his spot positions.
FOMC Decision Looms
The upcoming FOMC meeting on March 19 is widely anticipated as a pivotal event for financial markets. Analysts suggest that a policy shift could significantly impact Bitcoin’s trajectory.
According to Polymarket, the probability of the Federal Reserve ending Quantitative Tightening (QT) before May has increased to 100%, reflecting a major shift in market expectations.
If the Fed signals a dovish stance, Bitcoin could see a resurgence in demand.
Bitcoin Price Analysis
At press time, Bitcoin trades at $81,499.71, down 1.46% in the past 24 hours and 15.87% over the past 30 days, CoinMarketCap data shows.
The Relative Strength Index (RSI) stands at 40.85, indicating sluggish momentum for the digital currency. Moreover, Bitcoin is trading near the lower Bollinger Band at $77,839.64, while the upper Band sits at $92,148.40.
Strategy (Formerly MicroStrategy) Eyes $500M Raise To Buy Bitcoin: What’s Next for BTC?
