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Don't remind me again today

ChainChef

2025-12-01 13:11:35

Strategy's latest move is quite significant—they have created a $1.44 billion reserve pool, claiming it will cover at least one year of preferred stock dividends and debt Interest, and they even plan to extend it to two years. Where does this money come from? It's raised through ATM equity issuance.

More importantly, the position data: currently holding 650,000 bitcoins, which accounts for about 3.1% of the total BTC supply. This scale is already considered a leading player among institutions.

The financial arrangements are so aggressive that it seems to be providing a buffer for long-term coin holders. However, speaking of which, using equity financing to build a reserve pool has its obvious risks and rewards—when the market is good, there are no issues, but if a prolonged bear market occurs, shareholders might not be too pleased.

BTC6.44%

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tx_pending_forever

· 10h ago

650,000 Bitcoins, that's truly an incredible move. There's no doubt about their determination to hold long-term. Equity financing is indeed a bit intense; when the bear market hits, shareholders are bound to cause trouble. A $1.44 billion buffer sounds solid, but to put it bluntly, it's still a bet that the coin price won't crash too badly. This is how institutions buy the dip—the stakes are high, and so is the risk. This move will either go down in history or become a cautionary tale; it all depends on how the market performs.

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SorryRugPulled

· 18h ago

650,000 Bitcoins, this move is really bold. However, using equity dilution to pile up the reserve pool, this tactic feels a bit like gambling. --- With the long bear market here, shareholders will be crying; how long can this financing logic last? --- 1.44 billion dollars sounds huge, but to cover two years? It really doesn't add up. --- Holding 3.1% of the Bitcoin supply, Strategy is making a big move, right? --- Equity financing to build a reserve pool, in simple terms, is just trading future dilution for present peace of mind, a gambler's mindset. --- I'm tired of institutions hoarding coins; let's see if this time they can truly hold long-term without cutting losses.

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GateUser-7b078580

· 23h ago

Although 650,000 BTC sounds quite fierce, the dilution rate of this round of financing calculated hourly... shows that shareholders are indeed betting on future market conditions. When a long Bear Market arrives, we will know who is swimming naked.

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WalletsWatcher

· 12-02 05:22

650,000 BTC, this guy is really all in, what a big move --- 1.44 billion USD laid out over two years? Truly knows how to play, just worried that shareholders can't hold on that long --- Using equity dilution in exchange for reserves, in the long run still betting that the market won't go completely bad --- Top institutions must operate like this, without a buffer they can't survive --- The question is, can the ATM issuance hold up? Who will foot the bill in a bear market --- 3.1% of BTC, this is blatantly pushing their own chips --- The strategy is quite aggressive, but this is how big players operate — if you don't go all in, how do you stand out

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GasWrangler

· 12-01 13:41

technically speaking, that 1.44B reserve pool is... sub-optimal from an efficiency standpoint. if you analyze the data, diluting equity to hedge volatility is demonstrably expensive compared to, say, structured derivatives. but sure, go ahead and absorb shareholder dilution during bear markets lol

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FlashLoanPhantom

· 12-01 13:40

650,000 BTC, these institutions are really daring to stock up, are they optimistic in the long term or just gambling?

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AltcoinTherapist

· 12-01 13:29

650,000 BTC, this is the true hodl faith, I’m completely broken down... --- Equity financing to build a pool, nicely put as long-term layout, harshly put, it's just betting that the market won't be too bad, this method has some substance. --- 3.1% BTC share, indeed at the level of a big Whale, but if a two to three year Bear Market really comes, how will the shareholders explain it? --- I just like this kind of institution that dares to play, regardless of the outcome, at least they haven't backed down on the point of firmly going long. --- ATM fundraising + massive coin holding, isn't this just going All In? It feels a bit like a gambler.

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MEVVictimAlliance

· 12-01 13:28

650,000 BTC? This move is truly daring, directly becoming a member of the BTC Whale Club --- Equity financing as a foundation sounds good, but when the Bear Market comes, shareholders will be crying --- A reserve pool of $1.44 billion, this is betting that Bitcoin can keep rising --- 3.1% of the supply, if institutions unite, turning the Bitcoin trend around is indeed a bit outrageous --- Using ATM to issue stocks in exchange for BTC hoarding is really amazing, it all depends on how the stock price moves later --- This strategy is a gamble on a long-term bullish outlook, anyway, it can still float for now, we'll see when the market changes --- Preferred stock dividends are secured, but using shareholders' money to hoard coins, what if it crashes, who takes the blame --- Top institutions are so willful, compliance and such are not an issue

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BoredApeResistance

· 12-01 13:25

650,000 Bitcoins? This volume is really outrageous, definitely at the Whale level. --- 1.44 billion USD reserve pool sounds fierce, but using equity financing to do this... with the Bear Market coming, the shareholders are likely to freak out. --- Wait, can they really hold it for two years? This bet is a bit too big. --- 3.1% BTC share, if this guy really dumps the market, it would definitely shake the market. --- The financing to build a reserve pool, to put it bluntly, is still betting on the future market... too exciting. --- Holding so many coins without making a sound, is truly the style of a long-termist. I admit it, I’m jealous. --- The game of equity dilution for reserve funds is somewhat like betting that one can survive until the bull run. --- 1.4 billion USD is enough to withstand for a while, but what if extreme conditions hit? How do we settle that?

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