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🌙 Saylor Unveils $500M Stock Raise to Buy More Bitcoin

Strategy, formerly known as MicroStrategy, said on Tuesday that the software firm plans to raise as much as $500 million through a new offering to buy more Bitcoin.

Author

Mike Gavela
March 18, 2025

Crypto Roundup - March 18

Strategy, formerly MicroStrategy, has announced plans to raise $500 million through a new offering of perpetual preferred stock, aiming to bolster its Bitcoin holdings. The company currently possesses nearly 500,000 BTC, acquired at an average price of $66,000. In a separate development, Toncoin's value surged by 30% following the release of Telegram CEO Pavel Durov from French custody, where he had been detained over allegations related to his platform's facilitation of illegal activities. Meanwhile, Solana faced significant backlash from the crypto community after releasing an advertisement titled "America is Back—Time to Accelerate," which was criticized for its political messaging and perceived insensitivity toward gender diversity. The ad has since been removed.

Top Stories

  • Strategy announces $500 million stock offering to increase its Bitcoin holdings.

  • Toncoin's value surges 30% after Telegram CEO Pavel Durov's release from French custody.

  • Solana removes controversial ad following community backlash over its political content.

TOP STORIES

Strategy Unveils $500M Stock Raise to Buy More Bitcoin - Decrypt

Strategy said that it plains to raise as much as $500 million through a new offering to buy more Bitcoin—and pay a higher dividend.

decrypt.co/310433/strategy-unveils-500m-stock-raise

Toncoin Spikes 30% After France Releases Telegram CEO Pavel Durov - "The Defiant"

Durov has been released on bail while an investigation continues into the privacy-focused messaging platform’s use by criminals.

thedefiant.io/news/blockchains/toncoin-spikes-30-after-france-releases-telegram-ceo-pavel-durov

Solana Deletes Controversial Ad Following Crypto Community Backlash - Decrypt

The blockchain’s patriotic-themed ad campaign has drawn criticism, with some calling it “toxic” and at odds with crypto’s inclusive values.

decrypt.co/310343/solana-deletes-controversial-ad-following-crypto-community-backlash

FUNDRAISING

OTHER HEADLINES

Standard Chartered Slashes ETH Price Target to $4K from $10K, Saying L2s Are Draining Revenue - "The Defiant"

Standard Chartered Bank has dropped its price target for Ethereum’s ether to $4,000 from $10,000 by year’s end, citing concerns that Layer 2s are draining its revenue.

thedefiant.io/news/blockchains/standard-chartered-slashes-eth-price-target-to-usd4k-from-usd10k-saying-l2s-are-draining-revenue

'AI' crypto trading agent, aixbt, hacked for $100K

Purported artificial intelligence cryptocurrency trading agent, aixbt, has been hacked for 55.5 ETH, worth approximately $100K.

protos.com/ai-crypto-trading-agent-aixbt-hacked-for-100k

Support grows for Lummis’ plan to buy 1M BTC

The BITCOIN Act now has 13 sponsors in total — up from one last year.

blockworks.co/news/growing-support-lummis-1m-btc

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