MicroStrategy Plans to Raise $21B to Buy the Dip, Targeting 40% of the Public $BTC Float

MicroStrategy notes it won't flood the market with all shares at once but will time sales strategically based on market conditions, trading prices, and volumes.

MicroStrategy plans to raise an additional $21B for Bitcoin (BTC) purchases through the At The Market (ATM) Program, according to a recent SEC filing.

The software firm, known for its BTC-first approach, will sell shares in increments, timing the sales based on market conditions, trading prices, and volumes.

At present, MicroStrategy holds almost 500K BTC, valued at $40B with the cryptocurrency trading around $80K. This crypto stash is larger than the US, China, and the UK's BTC holdings, which amount to 200K, 194K, and 61K BTC, respectively.

Due to its significant BTC holdings, MicroStrategy’s stock price has become closely correlated with the cryptocurrency’s price movements.

After a 16.68% decline in MSTR stock today, it hit a low of $232 for the first time since April 2024. This follows BTC’s plunge to $76K.

The crypto market is currently exhibiting “extreme fear,” a sentiment score not seen since the FTX collapse in 2022. However, Saylor appears bullish on BTC as he hinted at the current dip being a buying opportunity in a March 9 tweet.

This scale of planned investment signals to other institutions that crypto has matured as an asset class. Moreover, Saylor is effectively creating a massive, persistent bid in the market as he plans to deploy the ATM Program gradually.

However, many disagree with Saylor on his BTC-only mantra. Altcoins with strong utility and community incentives could offer even more upside over the long run due to their low current valuation.

1. BTC Bull Token ($BTCBULL) – Regular Airdrops to Celebrate $BTC’s New ATHs

Similar to MSTR, BTC Bull Token ($BTCULL) is tying its value to that of $BTC. It does so by introducing $BTC airdrops to celebrate the King Crypto’s new milestones (150K and 200K).

Another massive airdrop will happen when $BTC reaches $250K – the project will distribute 10% of the total $BTCULL supply to its most loyal holders. To receive the airdrop, you must hold $BTCBULL in Best Wallet.

To maintain an upward price trajectory, BTC Bull will employ regular token burns at $BTC’s $125K, $175K, and $225K price milestones.

The token presale had impressive early momentum with $1M raised in two days. The next fundraising target is $4M – when BTC Bull reaches it, the token price will increase, so take the bull by the horns if you want to buy $BTCBULL at $0.002405.

2. Best Wallet Token ($BEST) – Governance Rights and Exclusive Perks Within the Best Wallet Ecosystem

Best Wallet is a non-custodial, mobile-first storage solution that aims to capture a substantial 40% of the crypto wallet market by 2026.

To achieve this ambitious goal, Best Wallet has many exciting updates in the pipeline, including a crypto debit card, support for 60+ blockchains, and rewards hub. On top of this, Best Wallet is the only app that gives direct access to promising crypto presales.

Best Wallet Token ($BEST) is the cornerstone of Best Wallet’s strategy. Its holders gain governance rights and perks like higher APYs in the wallet’s staking aggregator.

The $BEST presale raised almost $11M in funding. The token price will increase tomorrow, so now is the last chance to secure your share of $BEST at $0.0243 and stake it at 145% APY before it hits exchanges, where it could potentially reach $0.072.

3. Story ($IP) – Blockchain Meets Intellectual Property Management

Story Protocol is a new Layer-1 blockchain that focuses on intellectual property (IP) management using AI. Essentially, Story’s Programmable IP concept helps to register, license, and monetize music, art, movies, and other creations.

The blockchain’s native token, $IP, hit exchanges on February 13, 2025 and quickly amassed a $2B market cap, now ranking #54 among all cryptocurrencies.

$IP is a transaction fee and governance token, so demand for it should remain high as long as there’s demand for Story services.

After hitting an all-time high of $7.33 on February 26, $IP pulled back to $5.43. This price may present an appealing entry opportunity for new investors, given that the project is still young and hasn't yet reached its full potential.