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Strategy Announces $4.2 Billion $STRD At-The-Market Program

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On July 7, 2025, Strategy™ (Nasdaq: MSTR; STRK; STRF), the world’s leading Bitcoin Treasury Company, unveiled a $4.2 billion at-the-market (ATM) program for its 10% Perpetual STRD Preferred Stock. The announcement, made earlier today, highlights the company’s intent to sell shares gradually, factoring in market conditions and trading volumes, to fund general corporate purposes, including further Bitcoin acquisitions and working capital.

This move builds on Strategy’s aggressive Bitcoin accumulation strategy, reinforcing its position as the largest corporate holder of the cryptocurrency. The ATM program offers flexibility, allowing sales through public exchanges or negotiated deals, aligning with the company’s disciplined approach to capital raising. With Bitcoin recently hitting new highs, this initiative signals continued confidence in the asset’s long-term value, though its impact on market dynamics remains to be seen.

Bitcoin

Bitcoin Slides Below $78,000 as Risk-Off Sentiment Intensifies

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Bitcoin fell below $78,000 on October 30, 2026, as confirmation of the Binance security incident accelerated a broader risk-off move across crypto markets.

On CoinMarketCap, Bitcoin traded at $78,430 with a market capitalization of approximately $1.57 trillion, down roughly 2% over the prior 24 hours and more sharply from earlier levels near $81,000–$82,000. The decline pushed BTC to its weakest levels in more than a month, with some reports showing brief tests of the mid-$76,000s during the sharpest phase of the sell-off.

The drop intensified after Binance disclosed the estimated $6.3 billion hot-wallet breach late on October 29. Leveraged liquidations amplified the move, with figures ranging from hundreds of millions to more than $1 billion in 24-hour windows depending on the snapshot and venue. Broader risk aversion linked to technology-stock weakness and a hawkish tone from the Federal Reserve added to the pressure.

Bitcoin dominance remained elevated, indicating that capital was rotating out of higher-beta assets rather than exiting the crypto market entirely. Analysts highlighted key support clusters in the $77,000–$79,000 range, while resistance stayed firm above $81,000–$85,000. The incident’s market impact is still unfolding as investigations continue and further details on frozen assets and potential recoveries emerge.

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