MSTR Unusual Options Activity — 2026-03-10

🧠 MSTR: $28.6M Net Credit — Smart Money Caps Upside at $140 Through May!

📅 March 10, 2026 | 🔥 Unusual Activity Detected

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🎯 The Quick Take

Someone just executed a $28.6M net credit spread trade on MSTR at exactly 12:25:38 ET — selling a massive $31M ATM covered call position at the $140 May strike while simultaneously closing a $160 March call for $2.4M. This is a whale collecting premium right at current price levels, effectively capping their upside on ~1.6 million shares through May 2026. Translation: a major holder of MSTR is taking money off the table and saying "I don't need this stock above $140 by May — pay me $28.6M to wait."

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📊 Company Overview

Strategy Inc. (MSTR) — formerly MicroStrategy — is the world's largest corporate Bitcoin treasury and a NASDAQ-listed technology holding company:

• Market Cap: ~$29–30 billion
• Industry: Technology / Digital Assets / Bitcoin Treasury
• Current Price: $141.90 (at time of trade) / $139.22 (GEX snapshot)
• Primary Business: Enterprise analytics software (legacy) + Bitcoin accumulation strategy as the dominant business driver
• BTC Holdings: 738,731 BTC acquired at an average cost of $75,862/BTC ($56.04 billion total) — the single largest corporate Bitcoin treasury on earth
• Capital Structure: ~$8.2B in convertible notes (2028–2030) + multiple ATM preferred programs (STRK, STRC, STRF, STRD) under the "42/42" plan targeting $84B in capital raises

MSTR is not a software company anymore — it's a leveraged Bitcoin holding vehicle with options on its stock functioning as proxy instruments on Bitcoin itself. Implied volatility typically runs 80–120%, making it one of the richest premium environments in the entire options market.

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💰 The Option Flow Breakdown

📊 What Just Happened — The Tape (March 10, 2026 @ 12:25:38 ET)

Z-Score: 146.94 (EXTREMELY_UNUSUAL on the $140 May call) — this trade happens maybe 2–3 times per year on MSTR.

🤓 What This Actually Means

Same size. Same timestamp. This is one connected spread trade executed simultaneously. Here's the full playbook:

Leg 1 — Closing the old bet (BUY to Close):

• 🟢 BUY 15,950 contracts of the March 20 $160 call for $1.51/share = $2.4M paid
• This is a STC (Sell to Close) — they previously owned these calls when MSTR was higher or when $160 looked more plausible. The $160 March calls are expiring worthless in 10 days with MSTR at $141.90 — they're buying them back to close the short or book a final exit on a dying long position
• Open interest: 51,000 contracts — massive existing position, and they're pulling 15,950 off the table

Leg 2 — Opening the new income trade (SELL to Open):

• 🔴 SELL 15,950 contracts of the May 15 $140 call for $19.61/share = $31M collected
• This is a STO (Sell to Open) — a brand-new short call position RIGHT at the current price ($141.90)
• Selling an ATM call caps upside at $140 through May 15, 2026 (~66 days out)
• Open interest was only 718 — this trade created most of the open interest at this strike overnight

Net result: $31M collected − $2.4M paid = $28.6M net credit. Pocketed.

Real talk: This is a classic covered call overlay. A major MSTR holder is writing calls against their stock position to generate income. They're saying: "I own the shares. I'm fine sitting at $140. If it runs past $140 by May, fine — I've already collected $19.61/share as a buffer." The $28.6M premium represents roughly $19.61/share across ~1.595 million shares. That's serious monetization of a large position.

Why does Bitcoin context matter here? Because MSTR is a leveraged Bitcoin proxy. Selling a $140 ATM call is essentially a bet that Bitcoin doesn't rip dramatically higher between now and May 15. With BTC at ~$70,000–71,000 and MSTR trading at a premium to its BTC NAV, this trader is comfortable collecting premium rather than chasing further upside.

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📈 Technical Setup / Chart Check-Up

YTD Performance — Painful Start to 2026

MSTR started 2026 at $157.16 and has been grinding lower ever since — down -11.7% YTD to $138.83 at the time of this snapshot. The journey has been brutal: the stock collapsed from $175+ in early January all the way to a $105 intraday low in early February — a max drawdown of -40.34% from the year's starting price. That's not a dip, that's a crash.

Key observations from the chart:

• 📉 Sharp Jan selloff: MSTR fell from $175 to $150 in the first two weeks of 2026 as Bitcoin retraced from its post-halving highs
• 💀 February crash: The stock bottomed near $105 in a violent flush — likely triggered by Bitcoin sliding toward $60K territory and forced selling
• 🔄 March recovery: MSTR has bounced back to $135–145 range through March, with the Bitcoin +11% single-day surge on March 4 adding $15+ to the stock
• 📊 Volatility is extreme: 105.1% annualized volatility — the stock can move 5–8% on a nothing day; MSTR is not for the faint-hearted
• 🔁 Range-bound recovery: The stock has been in a rough $125–$150 range since mid-February, consolidating after the February wipeout

The covered call trader is likely sitting on shares purchased at higher levels and has decided to generate income via premium collection while waiting for a full recovery. Selling $140 calls for $19.61 at 105% implied volatility — that's juicy premium for a range-bound consolidation thesis.

🔵🟠 Gamma-Based Support & Resistance Analysis

Current Price: $138.78 (GEX snapshot, March 10 at 2:46 PM)

The gamma chart tells a tight story — MSTR is wedged between clear levels, and the options market has drawn the battle lines:

🟠 Resistance Levels (Call Gamma — Orange Bars):

• $140 — The most critical immediate ceiling. This is EXACTLY where the big trade sold its calls. Heavy call gamma builds from $140 through $160, with the densest concentration right at $140–$145. Market makers holding short calls here will sell into any rally toward $140, creating mechanical resistance. This is a wall.
• $145 — Secondary resistance. There was heavy call activity here earlier in the week before the pullback to current levels
• $150–$160 — Extended resistance zone with layered call gamma throughout. Getting above $145 cleanly would require a serious BTC catalyst

🔵 Support Levels (Put Gamma — Blue Bars):

• $135 — Key immediate support. Blue put gamma bars cluster here, meaning dealers are long puts and will buy the dip as MSTR approaches this level. GEX data confirms $135 as the primary support zone.
• $130 — Secondary floor with meaningful put gamma accumulation
• $125 — Deep support at the next major gamma cluster below — this is where February's put buyers started protecting positions
• $120 — Extended floor. Breaking $120 opens the door to retest February's $105 low

What this means for the covered call trade: The $140 call strike is PERFECTLY placed at the top of the call gamma wall. The trader is selling right where market maker resistance naturally develops. If MSTR pushes toward $140–$142, dealers will start hedging their short call exposure by selling stock — adding natural ceiling pressure that aligns with this position. It's almost like the covered call and the gamma structure are working together.

Net GEX Bias: Bullish — The overall gamma exposure skews bullish (more call gamma above than put gamma below), meaning market makers are broadly long stock as a hedge. This creates a floor underneath price action in the $135–$138 zone.

📐 Implied Move Analysis

Weekly Expiration (Mar 13, 2026 — 3 days out):

• Options are pricing ±$7.18 (±5.15%) for this Friday
• Expected range: $132.27 to $146.63
• The upper end of $146.63 is meaningfully above the $140 strike where this trade sold calls — suggesting the options market itself sees a non-trivial chance of a push through $140 in the next 3 days

What this means in plain English: The market thinks there's a reasonable shot that MSTR moves $7 either direction by Friday. With Bitcoin price as the primary driver and weekly 8-K Bitcoin purchase disclosures dropping every Monday, any surprise BTC move or Saylor announcement can shift MSTR 5–10% in a session. The $132 lower bound aligns neatly with the $130–$135 gamma support zone — so there's a natural floor nearby.

Translation for the covered call seller: They collected $19.61/share, but the market is saying the stock could be at $146+ by Friday. That would put the short $140 call in-the-money by $6–7 on a mark-to-market basis just 3 days in. They're clearly comfortable with that risk because they OWN the underlying stock — any rally past $140 just means they deliver shares at $140 + keep the $19.61. Their effective exit would be at $159.61 per share ($140 strike + $19.61 premium).

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🎪 Catalysts

🔥 Recent Catalysts (Already Happened)

Bitcoin +11% Surge & MSTR Rallies — March 4, 2026 Bitcoin surged past $71,000 on March 4, triggering an 11.05% single-day spike in MSTR stock. This was the catalyst that lifted MSTR from the $120s to the $135–$145 range where it's trading today.

17,994 BTC Purchased for $1.28 Billion — March 2–8, 2026 Strategy disclosed on March 9 that it purchased 17,994 BTC during the prior week at an average of $70,946/BTC — funded by $899.5M in MSTR share sales and $377.1M in STRC preferred share sales. This marked the 11th consecutive weekly Bitcoin purchase, a streak the market is now treating as a baseline expectation.

Strategy World 2026 Conference — Early March 2026 Strategy World 2026 put the company in the spotlight, with Saylor emphasizing AI + semantic layer capabilities alongside the Bitcoin treasury story. Conference optimism helped sustain the March recovery in MSTR stock.

MSCI Index Inclusion — February/March 2026 MSTR received an MSCI index inclusion decision, which forced passive index funds to buy MSTR shares. Strategy responded by purchasing 13,627 BTC for $1.25 billion — using the forced buying as another ATM equity funding opportunity.

Michael Saylor: "We Can Buy More Bitcoin Than They Can Sell" — March 5, 2026 Saylor posted this on X (Twitter) — a declaration of war against anyone trying to short BTC or dilute MSTR's dominance. Classic Saylor retail engagement that keeps the stock in the news cycle.

3,015 BTC for $204.1 Million — Week of February 24 – March 2 Strategy added 3,015 BTC, pushing total holdings past 720,000 BTC on the way to the current 738,731 BTC total.

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📅 Upcoming Catalysts (Next 90 Days)

Weekly Bitcoin Purchase Disclosures (Every Monday) — ONGOING Every Monday, Strategy files an 8-K with the SEC disclosing the prior week's BTC purchases. The market now prices in continued buying — meaning any week where they pause or reduce would be a bearish shock. Each disclosure is essentially a mini catalyst event.

Q1 2026 Earnings — Expected May 2026 Strategy's Q1 earnings will hit right as this $140 May call approaches expiration (May 15). Key metrics: BTC yield per diluted share, FASB fair-value BTC gain/loss (huge swings now that BTC mark-to-market is required), total share dilution from ATM programs, and any updates to the 42/42 capital raise plan. This is a direct timing overlap with the May 15 expiration of the short call.

Bitcoin Halving Cycle Dynamics (Peak Window: Q2–Q4 2026) The April 2024 Bitcoin halving historically produces its biggest price impact 12–18 months post-halving — a window that falls squarely in mid-2026. If BTC breaks above $100K during this window, MSTR's 738,731 BTC treasury would be worth $73.8 billion — far exceeding the current ~$30B equity market cap. This is the covered call seller's real risk: if BTC rips to $100K, MSTR could be at $200+ and capping at $140 would leave serious upside on the table.

"42/42" Capital Raise Milestones — Ongoing Strategy is targeting $84 billion in total capital raises through 2027. New issuance announcements are catalysts — the market watches whether ATM demand remains strong (bullish, enables continued BTC buying) or weakens (bearish, could slow accumulation).

STRC Preferred Dividend at 11.5% for March 2026 Strategy raised the STRC dividend to 11.5% to maintain its $100 par value. Active management of the preferred stack keeps the ATM equity machine running — watch for any future announcements on STRK, STRF, or STRD program changes.

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🎲 Price Targets & Probabilities

Using gamma levels, the implied move data, Bitcoin halving cycle context, and the shape of this covered call trade:

📈 Bull Case (30% probability) — Target: $155–$175

How we get there:

• 🚀 Bitcoin breaks decisively above $80,000 — triggers renewed MSTR accumulation enthusiasm and share price premium expansion
• 📅 Weekly BTC purchase disclosures continue uninterrupted through May, reinforcing the systematic buying narrative
• 💰 Q1 earnings (May 2026) show strong BTC yield metrics and growing NAV — forces analysts to raise targets
• 🏦 The Bitcoin halving cycle begins asserting its peak-phase tailwinds earlier than expected
• 📊 MSTR reclaims the $140 gamma resistance level and holds — triggers short-covering above the call wall

What it means for the trade: The short $140 call caps the position at $140 + $19.61 premium = $159.61 effective exit price. If MSTR trades to $175, this trader misses $15.39/share in additional upside. Not ideal, but they still pocketed $28.6M in cash — a very livable outcome on a large position.

🎯 Base Case (45% probability) — Target: $125–$145 (Range-Bound)

Most likely scenario:

• 🔄 Bitcoin stabilizes in the $68,000–$75,000 zone — MSTR oscillates with it, staying in a choppy $125–$145 band
• ⚖️ The covered call sells at $140 expires worthless or near worthless — the trader keeps the full $28.6M net credit and repeats the strategy
• 📊 Gamma ceiling at $140–$145 holds as predicted, capping rally attempts as dealers hedge their short call exposure
• 😴 Weekly BTC disclosures continue uneventfully, and the market gradually prices in a stable accumulation pace without excitement
• ✅ This is the trader's ideal outcome — they collect maximum premium and the calls expire worthless by May 15

📉 Bear Case (25% probability) — Target: $100–$120 (Retest February Lows)

What could go wrong:

• 😰 Bitcoin slides below $60,000 — MSTR's 738,731 BTC average cost of $75,862/BTC goes deeper into the red, triggering NAV concern and forced selling
• 💸 ATM equity issuance demand weakens — a week with no BTC purchase 8-K breaks the 11-week streak, shocking the market
• 🏦 Macro risk-off event (credit tightening, equity market selloff) hits leveraged vehicles hard — MSTR has a -40% drawdown already on the YTD chart, the infrastructure exists for another
• 📉 mNAV premium compresses — even if BTC stays flat, if the market reprices MSTR closer to raw BTC NAV, the stock could fall 20–30% from current levels
• 🔗 Convertible note concerns resurface: at BTC below $50K, Strategy's $8.2B in notes becomes a real liability conversation

Good news: The short call is now worthless in this scenario — the trader keeps the entire $28.6M and has partially cushioned the downside by $19.61/share. That's real protection.

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💡 Trading Ideas

🛡️ Conservative: Sell Cash-Secured Put at $130 — The "Premium Collector" Play

Play: Sell the April 17 or May 15 $130 put on MSTR

Why this works:

• 💰 With IV at 100%+, put premiums are enormous — selling one $130 put (April 17) generates ~$6–8 per share, or $600–800 per contract
• 🔵 $130–$135 is the gamma support zone — dealers are structurally long puts here and will bid the stock up if it approaches. You're selling insurance right where the natural floor exists
• 📊 You're getting paid to own MSTR at $130 if it drops — an effective entry of $122–124 after premium
• ⏰ Short time window means rapid theta decay works in your favor
• 🎯 If Bitcoin holds $65K+, MSTR is unlikely to fall below $130 before April expiration

Risk: If BTC crashes through $60K, you're put the stock at $130 and immediately down on the position. Define your loss before you enter — are you okay owning MSTR at $122 net cost?

Cost: No upfront cost (cash or margin secured). Collect $600–800 per contract upfront.

Risk level: Moderate | Skill level: Intermediate | Best for: Premium Collectors, Swing Traders

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⚖️ Balanced: Copy the Whale — Covered Call on MSTR Stock

Play: Own MSTR shares, sell the May 15 $145 call against your position

Why this works:

• 🐋 You're literally copying today's $28.6M institutional trade — just scaled for retail sizing
• 💸 With 105% implied volatility, selling calls on MSTR generates premium that would make a covered call trader on S&P 500 stocks cry. Selling a $145 May call currently fetches ~$15–17/share (~10–12% of stock price!)
• 📊 Gives you 10–12% downside protection through premium collected while still allowing 4–5% stock appreciation
• 🎯 $145 is above the $140 gamma wall — you're selling at secondary resistance with a cushion
• ⏰ 66 days to May 15 captures Q1 earnings but limits your upside exposure through that event

Structure: Buy 100 MSTR shares (~$14,000 cost), sell 1 May $145 call for ~$16 = $1,600 collected

Effective Entry: $138 − $16 = $122 net cost. Buffer against a 12% drop. Upside Cap: Capped at $145 + $16 premium = $161 effective exit (16% gain)

Risk: MSTR drops below $122 net. BTC below $60K is the main scenario to watch.

Risk level: Moderate | Skill level: Intermediate | Best for: Swing Traders, Entry-Level Options investors wanting income on existing MSTR position

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🚀 Aggressive: Long $145/$160 Call Debit Spread — Betting on a BTC Breakout (ADVANCED)

Play: Buy the May 15 $145/$160 call spread

Why this could work:

• 🔥 You're playing the OTHER side of today's whale trade — betting that BTC surges past $75K and breaks MSTR out of its range
• 💥 Bitcoin halving cycle dynamics suggest Q2–Q4 2026 could be the peak window — if BTC moves to $85K–$100K, MSTR goes with it and blows through $145
• 📊 The halving cycle historically produces its biggest price impact 12–18 months post-halving — squarely in this window
• 🎯 Defined risk — you can only lose what you paid for the spread
• ⚖️ With high IV, a call spread is cheaper than buying a naked call because you're selling premium on the upper leg to offset cost

Structure: Buy May $145 call ($12), Sell May $160 call ($6) = net debit ~$6 per share ($600 per spread)

Max profit: $15 if MSTR above $160 by May 15 ($1,500 per spread = 150% return) Max loss: $6 per spread ($600) — full premium paid

Breakeven: ~$151 MSTR by May 15 (needs 9% upside from current $139)

Critical risk: This trade loses money if MSTR stays range-bound or drops. If Bitcoin stays flat $65K–$75K, you lose your $600 per spread. The 105% IV means you're paying up for this spread — the odds are priced into the premium.

ONLY enter if: You believe BTC is going to $80K+ by May with high conviction. Otherwise, wait.

Risk level: HIGH (can lose 100% of spread premium) | Skill level: Advanced | Best for: YOLO Traders, Swing Traders with high BTC conviction

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⚠️ Risk Factors

Don't ignore these real landmines:

• 🪙 Bitcoin is everything: MSTR is not a software company — it's 738,731 BTC in a shell. A BTC decline to $55,000 (27% below $75,862 average cost) would put Strategy's entire BTC portfolio at an unrealized loss, creating covenant concern narratives around the $8.2B in convertible notes. This is the single biggest risk.

• 💸 Dilution machine running at full speed: The 42/42 plan targets $84 billion in capital raises — which means endless share issuance. MSTR ATM equity + STRK + STRC + STRF + STRD issuance collectively dilutes shareholders continuously. The premium you collect on covered calls is partially compensation for this dilution headwind.

• 📉 -40% max drawdown in just 10 weeks: The YTD chart shows MSTR went from $175 to $105 in roughly six weeks in January–February 2026. That's not a slow grind — that's a crash. With 105% annualized volatility, this stock can move 8–12% on any given day. Short options positions get destroyed in that environment if you're not covered.

• 🔢 mNAV premium can compress violently: MSTR typically trades at a significant premium to its BTC NAV. When that premium compresses — as it did in late 2025 — the stock can underperform raw Bitcoin even in a rising BTC environment. The covered call trade essentially bets the premium holds stable through May.

• ⏰ $140 strike is right at the 0.618 Fibonacci resistance: Per the catalyst research, MSTR is trading near the 0.618 Fibonacci retracement level (~$140 resistance). This is a technical ceiling that aligns with the call strike. Breakouts above Fibonacci resistance are common when momentum accelerates — a BTC surge could blow through $140 quickly and leave the short call deep in-the-money.

• 🔑 Michael Saylor concentration risk: One person is the entire thesis. Any health event, regulatory action, or even a shift in his public Bitcoin conviction creates existential risk for this company's entire strategy.

• 🏦 ETF competition reduces MSTR's monopoly: Spot Bitcoin ETF expansion (BlackRock IBIT, Fidelity FBTC) has already reduced MSTR's unique value as "the institutional BTC vehicle." The mNAV premium that justified MSTR's valuation above raw BTC is under structural pressure from better alternatives.

• 🇨🇳 Macro / Regulatory wildcard: A U.S. policy reversal on crypto (despite the current crypto-friendly administration) or a global macro risk-off event that hits leveraged vehicles first could send MSTR back to test February's $105 low or lower.

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🎯 The Bottom Line

Here's the deal: Someone is sitting on a massive MSTR position, collected $28.6M in net premium today, and is perfectly happy capping their upside at $140 through May 15. They're not bearish — they just finished taking profit on the $160 March call (which is now dying worthless in 10 days) and rotated into a fresh income trade right at current price.

What this tells us about smart money's MSTR thesis:

• 🎯 They believe MSTR is NOT going to $160+ between now and March 20 — closing that $160 call confirms conviction that the stock stays below $160 near-term
• 💰 They see the $140 level as a ceiling through May — selling ATM calls at this exact price says "I don't need to be above $140 for the next 66 days"
• 🛡️ They're generating $19.61/share income buffer — meaning they don't panic until MSTR is below ~$120 on a cost-adjusted basis
• ⏰ The May 15 expiration date is strategically interesting — it's right before Q1 2026 earnings are expected, suggesting they want the call to expire before the earnings event

The Bitcoin halving cycle risk is real though. If BTC breaks above $80,000 before May 15, this $140 covered call becomes a cage. The trader will either deliver shares at $140 + keep $19.61 (fine but not great) or buy back an expensive call. At today's premium of $19.61/share on 15,950 contracts, that buyback cost could be enormous if MSTR rockets.

If you own MSTR:

• ✅ Consider the covered call strategy at $145 strike for May — collect 10–12% premium on existing shares. Today's whale just showed you the playbook at institutional scale
• 📊 Use $135 as your mental support — if MSTR loses $135 and BTC is also breaking down, trim the position
• ⚠️ Watch every Monday's 8-K filing — if the weekly BTC purchase streak breaks (currently 11 consecutive weeks), that's a SELL signal for short-term traders

If you're watching from the sidelines:

• ⏰ Wait for BTC to show its next directional move — MSTR is a leveraged BTC bet, not a stock to trade on technicals alone
• 🎯 Entry in the $125–$130 gamma support zone offers the best risk/reward if Bitcoin holds $65K+
• 🚀 If Bitcoin breaks $80K with conviction, MSTR at $150+ becomes realistic — the call spread idea in the Aggressive section applies

If you're bearish:

• 📉 Watch for BTC weakness below $65K — MSTR's average cost of $75,862 becomes a narrative issue at those levels
• 🛡️ The short $140 call today is actually a bearish overlay on a long position — it tells you the holder sees limited near-term upside
• ⚠️ Break below $130 gamma support triggers acceleration to $120, then $105 retest

Mark your calendar:

• 📅 March 13, 2026 (this Friday) — Weekly OPEX within the ±5.15% / ±$7.18 implied move window
• 📅 March 20, 2026 — The $160 March call expires worthless (closing leg of today's trade)
• 📅 Every Monday — Strategy's weekly Bitcoin purchase 8-K disclosure (the streak is 11 weeks and counting)
• 📅 May 2026 — Q1 2026 earnings expected; key BTC NAV and dilution metrics
• 📅 May 15, 2026 — The short $140 call expires; full $31M premium collected if MSTR stays below $140
• 📅 Q2–Q4 2026 — Bitcoin halving cycle peak window — the biggest potential upside catalyst for MSTR

Final verdict: Today's $28.6M net credit trade is the definition of institutional income generation on a volatile, high-IV stock. The strategy is sound — selling ATM covered calls on MSTR at 105% IV is genuinely one of the richest premium collection opportunities in the market. But it's not without risk: Bitcoin in the $70K range, with the halving cycle building, means the $140 ceiling could become a problem by April or May if BTC runs hard. Whoever executed this trade is comfortable with that cap — and $28.6M richer for saying so.

Collect premium. Watch Bitcoin. Respect the $135 floor. 💪

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Disclaimer: Options trading involves substantial risk of loss and is not suitable for all investors. This analysis is for educational and informational purposes only and does not constitute financial advice. Past unusual options activity does not guarantee future profitability or directional movement. The Z-score of 146.94 reflects the size of this specific trade relative to recent MSTR history — it does not predict whether the trade will be profitable. MSTR is an extremely volatile security with 105% annualized volatility and is heavily correlated to Bitcoin price movements. A covered call strategy caps upside but does not eliminate downside risk in the underlying stock. Always conduct your own research and consult a licensed financial advisor before making any trading decisions. The trades described involve 15,950 contracts representing notional exposure to approximately 1.595 million shares — institutional sizing not replicable by most retail traders.

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About Strategy Inc. (MSTR): Formerly MicroStrategy, Strategy Inc. is a NASDAQ-listed technology holding company that operates both an enterprise analytics software business and the world's largest corporate Bitcoin treasury, holding 738,731 BTC as of March 9, 2026. With a market cap of approximately $29–30 billion, the company raises equity and debt capital through its "42/42" plan targeting $84 billion in total raises to fund continued Bitcoin accumulation.