Core Insights - Strategy (MSTR) and Riot Platforms (RIOT) are prominent Bitcoin-focused stocks, with MSTR being the largest bitcoin treasury company holding 607,770 bitcoins as of July 20, 2025, while RIOT provides infrastructure for Bitcoin mining [1][9]. Bitcoin Market Overview - Bitcoin has seen significant price increases, surpassing $120,000, driven by greater acceptance as a non-sovereign asset and increased institutional and corporate adoption [2]. - The passing of the GENIUS Act on July 17 has positively impacted digital assets by providing a legal framework for stablecoins, which must maintain a value equivalent to $1 [3]. - U.S. President Donald Trump's liberal policies and executive orders aimed at studying cryptocurrency regulations have further supported the growth of Bitcoin and related stocks [4]. Company Performance and Strategy - MSTR is on track to achieve a bitcoin yield of 25% and has raised its bitcoin dollar gain target to $15 billion, up from $10 billion [5]. - MSTR has raised $6.6 billion through equity offerings and $3.4 billion through fixed income, with plans to raise an additional $84 billion by the end of 2027 [6][7]. - MSTR is also benefiting from growing software subscription revenues and leveraging generative AI for application deployment across various industries [8]. Riot Platforms' Operations - RIOT is a vertically-integrated Bitcoin mining company, producing 1,530 Bitcoin in Q1 2025 with an uptime of over 88% and targeting a 22% hash rate growth in 2025 [9][10]. - RIOT plans to invest $155.8 million in developing its Corsicana Phase II project and is exploring the use of its power capacity for AI and High-Performance Computing [9]. - The company has seen an 8% sequential increase in Bitcoin holdings, totaling 19,223 Bitcoin as of March 31, 2025 [10]. Financial Estimates and Stock Performance - MSTR's 2025 loss estimate remains at $15.73 per share, while RIOT's estimate has improved to $1.44 per share [12][13]. - Year-to-date, MSTR shares have appreciated by 47.2%, while RIOT shares have returned 37.3% [14]. - MSTR is trading at a Price/Book ratio of 3.63X, compared to RIOT's 1.7X, indicating that RIOT is cheaper than MSTR [17][18]. Conclusion - MSTR's strategy of holding Bitcoin on its balance sheet provides a competitive edge, while RIOT's reliance on Bitcoin makes it riskier due to volatility [21]. - MSTR's diversified business model offers some investor relief, with MSTR holding a Zacks Rank of 3 (Hold) and RIOT at 4 (Sell) [21].

Bitcoin Holdings & Gains - MicroStrategy (MSTR) YTD BTC Gain reached ₿93,191, equivalent to $111 billion [1] - MicroStrategy achieved a BTC Gain of ₿5,668, worth $676 million, in the first three weeks of July [1]

RT Michael Saylor (@saylor)Strategy is offering $STRC (“Stretch”), a new Perpetual Preferred Stock via IPO, to select investors. To view the press release, prospectus, and investor presentation, along with additional information about $MSTR, $STRK, $STRF, and $STRD, click here: https://t.co/hohIXoDc8z ...

Strategy is offering $STRC (“Stretch”), a new Perpetual Preferred Stock via IPO, to select investors. To view the press release, prospectus, and investor presentation, along with additional information about $MSTR, $STRK, $STRF, and $STRD, click here: https://t.co/hohIXoDc8z ...

🚨 LATEST: Saylor’s Strategy launches $100-pegged dividend stock $STRC to raise fiat for more $BTC purchases. https://t.co/EE4vpwF41T ...

Bitcoin treasury firm Strategy (formerly MicroStrategy) is launching a new financial product as a way to raise money for BTC buys. https://t.co/UTnILRSTbd ...

Strategy's latest financial engineering tactic 💡A $500M IPO for Perpetual Stretch Preferred Stock ($STRC) which will pay monthly dividendsThe funds raised will (presumably) be used for more BTC purchases...Marco ₿attistoni (@Battistoshi93):.@BusinessWire with the news. $MSTR will propose to the market another Perpetual Stretch Preferred Stock $STRC w/$500M IPO (5M shares at 100$ each) presumably (lol) to buy more $BTC.Do we have any official confirmation on that?Link 1st comment: https://t.co/KfFOGMoK2H ...

Strategy Reveals Another Stock Offering to Boost $71 Billion Bitcoin Stash► https://t.co/9W3qO4eIA2 https://t.co/9W3qO4eIA2 ...

To view the $STRC press release, prospectus, and investor presentation, along with additional information about $MSTR, $STRK, $STRF, and $STRD, click here: https://t.co/hohIXoDc8z ...

Financial Offering - Strategy is offering a new Perpetual Preferred Stock named Stretch ($STRC) via IPO [1] - The offering is targeted to select investors [1] Company Information - The offering is related to $MSTR [1]