BBX: Massive Accumulation Sparks "Arms Race": Strategy Invests $2.1 Billion, Marathon Follows with $850 Million Financing

BBX News: Yesterday, the global crypto treasury sector witnessed a "nuclear-level" surge in capital volume, with billion-dollar transactions reshaping the market landscape: —Whale aggressive buying: Strategy (NASDAQ: $MSTR) confirmed the use of an ATM offering to raise funds, spending $2.13 billions in a single purchase of 22,305 BTC, bringing its total holdings to over 430,000 BTC and raising the threshold for enterprise-level allocation to a new height. —Mining companies leveraging to accumulate: Marathon (NASDAQ: $MARA) launched an $850 millions convertible bond issuance plan, with the net proceeds mainly used to buy Bitcoin, accelerating the shift from "mining output" to a "financial financing and buying" model. —Deepening Hong Kong stock ecosystem: Boyaa Interactive (HKSE: $0434) injected capital into a Bitcoin ecosystem fund and continued its purchasing plan, building a dual-engine model of "secondary market holding + primary market yield generation." The market has officially entered a new phase of capital competition, where the "billion-level threshold" and "financing-driven accumulation" run in parallel. Source: bbx.com