Bitcoin News Today: MicroStrategy Aims to Control 3-7% of Bitcoin Supply With $4.2 Billion Raise

MicroStrategy’s CEO, Michael Saylor, has reaffirmed the company’s aggressive Bitcoin strategy, aiming to secure 3-7% of the total Bitcoin supply and further establish its Bitcoin treasury as the largest corporate holdings in history. To achieve this, the company plans to raise an additional $4.2 billion through preferred stock offerings [1]. Saylor’s vision includes not only surpassing the current corporate cash reserve benchmark—Berkshire Hathaway’s $328 billion cash equivalent—but also leveraging potential Bitcoin price surges. For instance, if Bitcoin hits the $225,000 level that Benchmark predicts by the end of 2026, the company’s current 628,791 BTC holdings could be valued at $141 billion [1].

Meanwhile, Japanese firm Metaplanet, while smaller in scale, is not lagging far behind. The company announced a $3.7 billion fundraising initiative through preferred stock, aiming to expand its Bitcoin holdings to 210,000 BTC by 2027—twelve times its current amount. This move would likely position Metaplanet as the second-largest corporate Bitcoin holder, trailing only MicroStrategy [1]. However, the news did not immediately uplift investor sentiment, as the company’s shares fell 7.65% on the Tokyo Stock Exchange following the announcement [1].

On the exchange front, Coinbase’s second-quarter earnings revealed shifting dynamics within the crypto market. Despite a 25% drop in quarterly revenue to $1.5 billion and a 6% shortfall from analyst forecasts [1], the platform saw XRP surpass Ethereum as a transaction revenue driver. XRP accounted for 13% of consumer transaction revenue, compared to Ethereum’s 12% [1]. Bernstein analysts downplayed the earnings miss, describing it as “the quarter that doesn’t matter” and reiterating their outperform rating and $510 price target for Coinbase. They cited improvements in crypto market structure and increased trading activity beyond Bitcoin, especially in Ethereum and Solana, as key growth drivers for the second half of the year [1].

The broader market also saw varied reactions to altcoin strategies. Robinhood’s CEO, Vlad Tenev, attempted to downplay controversies surrounding private company stock tokens by emphasizing tokenization during the Q2 earnings call, while the company managed a 45% revenue increase [1]. Conversely, Bitcoin miner MARA Holdings faced criticism for its lack of diversification, with analysts noting that it is “in its own world” compared to peers who are shifting focus to high-performance computing [1].

These developments signal a maturing crypto ecosystem, with institutional players increasingly adopting Bitcoin as a strategic asset and altcoins like XRP carving out new roles in transaction revenue. The continued investment by firms like MicroStrategy and Metaplanet, despite market volatility, reflects a growing belief in Bitcoin’s long-term value and the evolving role of digital assets in traditional finance.

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[1] Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost

https://decrypt.co/333218/public-keys-strategy-metaplanet-bitcoin-coinbase-xrp