Bitcoin’s Big Bummer: $427M Acquisition Meets Slow-Mo Strategy & Rising Rivals!

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On Monday, the clever clogs over at Strategy *bragged* (yes, they really did) about snatching up a whopping 4,020 BTC for a jaw-dropping $427.1 million, with a tidy price tag of $106,237 per coin. This little shopping spree took place between May 19 and May 25, and, well, isn’t that just *marvelous*?

Now, Vetle Lunde, the grand head of research over at K33, has a theory. He reckons most of the funds for this shiny new Bitcoin treasure chest came from Strategy’s ongoing $21 billion “at-the-market” (ATM) offering. This, of course, poured a humble $348.7 million into their Bitcoin binge. However,

Slow-Mo Strategy: Investor Premiums Take a Nap, and Competition Gets Cozy

In the latest scoop, the pace has slowed—so much so that Strategy’s MSTR shares are yawning in comparison to their Bitcoin holdings. Investors are no longer clamoring with the same feverish energy. It’s like watching a sloth do the cha-cha. Lunde, our ever-persistent research wizard, points out that the ATM program is crawling along, not quite as fast as the $21 billion extravaganza they launched last year. Back in the day, between November 4 and December 16, Strategy was pulling in an eye-popping $2.13 billion a week. Fast forward to now, and it’s a mere $788 million. A bit of a snooze, right?

Oh, and just to rub salt in the wound, more companies are leaping into the corporate BTC race, making things a lot more competitive. The competition is now hotter than a fresh loaf of bread out of the oven. Strategy’s glorious early-mover advantage? Not so shiny anymore!

But Hold Your Horses, Strategy is Still King of the BTC Hill

Even with the slow-mo shuffle, Strategy is still *the* largest corporate holder of Bitcoin on this planet. They’re like the heavyweight champion in the Bitcoin ring, still holding the most BTC in the corporate world. Strategy remains a key player in the great Bitcoin adoption game, and it continues to be the golden child of Wall Street’s love affair with digital assets. Bravo, Strategy!

But don’t get too comfy, folks. With their current program still on the go, and the market changing faster than a chameleon in a rainbow, we’ll be watching closely. How will Strategy react to the shifting tides and the growing band of Bitcoin-hungry competitors? Stay tuned. This could get *interesting*.

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2025-05-28 21:21