Strategy Option Alert: Jun, 2027 $810 Calls Sweep (4) near the Ask: 75 vs 351 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jun, 2027 $810 Calls Sweep (4) near the Ask: 75 @ $89.0 vs 351 OI; Earnings 7/31 After Close [est] Ref=$446.445

Strategy Option Alert: Sep 19 $375 Puts Sweep (94) near the midpoint: 772 vs 2631 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Sep 19 $375 Puts Sweep (94) near the midpoint: 772 @ $14.815 vs 2631 OI; Earnings 7/31 After Close [est] Ref=$442.47

Strategy Option Alert: Sep 19 $415 Puts Sweep (94) near the midpoint: 772 vs 103 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Sep 19 $415 Puts Sweep (94) near the midpoint: 772 @ $28.226 vs 103 OI; Earnings 7/31 After Close [est] Ref=$442.26

Strategy Option Alert: Sep 19 $415 Puts Sweep (30) near the midpoint: 194 vs 103 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Sep 19 $415 Puts Sweep (30) near the midpoint: 194 @ $28.38 vs 103 OI; Earnings 7/31 After Close [est] Ref=$442.19

Strategy Option Alert: Fri $430 Calls Sweep (17) near the Ask: 235 vs 9998 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $430 Calls Sweep (17) near the Ask: 235 @ $24.656 vs 9998 OI; Earnings 7/31 After Close [est] Ref=$450.87

Strategy Option Alert: Oct 17 $570 Calls Sweep (17) near the Bid: 235 vs 80 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Oct 17 $570 Calls Sweep (17) near the Bid: 235 @ $25.06 vs 80 OI; Earnings 7/31 After Close [est] Ref=$450.87

Strategy Option Alert: Jan 16 $0.5 Calls Sweep (4) near the Ask: 20 vs 22264 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jan 16 $0.5 Calls Sweep (4) near the Ask: 20 @ $448.558 vs 22264 OI; Earnings 7/31 After Close [est] Ref=$449.0

Strategy Option Alert: Fri $455 Calls Sweep (4) near the Bid: 984 vs 12389 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $455 Calls Sweep (4) near the Bid: 984 @ $9.483 vs 12389 OI; Earnings 7/31 After Close [est] Ref=$450.36

Strategy Option Alert: Fri $430 Calls Sweep (18) near the Ask: 429 vs 9998 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $430 Calls Sweep (18) near the Ask: 429 @ $24.507 vs 9998 OI; Earnings 7/31 After Close [est] Ref=$450.78

Strategy Option Alert: Fri $450 Calls Sweep (3) below Bid!: 500 vs 18151 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $450 Calls Sweep (3) below Bid!: 500 @ $13.1 vs 18151 OI; Earnings 7/31 After Close [est] Ref=$453.045

Strategy Option Alert: Aug 15 $245 Puts at the Ask: 7750 vs 228 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Aug 15 $245 Puts at the Ask: 7750 @ $1.78 vs 228 OI; Earnings 7/31 After Close [est] Ref=$428.04

Strategy Option Alert: Jan 16 $350 Calls Sweep (6) near the Ask: 50 vs 2553 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jan 16 $350 Calls Sweep (6) near the Ask: 50 @ $122.75 vs 2553 OI; Earnings 7/31 After Close [est] Ref=$428.595

Strategy Option Alert: Sep 19 $300 Calls Sweep (5) near the midpoint: 50 vs 1807 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Sep 19 $300 Calls Sweep (5) near the midpoint: 50 @ $138.124 vs 1807 OI; Earnings 7/31 After Close [est] Ref=$429.45

Strategy Option Alert: Dec, 2027 $670 Calls Sweep (5) near the midpoint: 50 vs 1666 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Dec, 2027 $670 Calls Sweep (5) near the midpoint: 50 @ $126.926 vs 1666 OI; Earnings 7/31 After Close [est] Ref=$430.7923

Strategy Option Alert: Sep 19 $640 Calls Sweep (4) near the midpoint: 662 vs 584 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Sep 19 $640 Calls Sweep (4) near the midpoint: 662 @ $7.7 vs 584 OI; Earnings 7/31 After Close [est] Ref=$430.64

Strategy Option Alert: Sep 19 $630 Calls Sweep (4) near the Ask: 662 vs 189 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Sep 19 $630 Calls Sweep (4) near the Ask: 662 @ $8.23 vs 189 OI; Earnings 7/31 After Close [est] Ref=$430.64

Strategy Option Alert: Aug 15 $450 Calls at the Bid: 500 vs 2650 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Aug 15 $450 Calls at the Bid: 500 @ $21.35 vs 2650 OI; Earnings 7/31 After Close [est] Ref=$429.78

Strategy Option Alert: Fri $402.5 Calls Sweep (4) near the midpoint: 300 vs 11508 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $402.5 Calls Sweep (4) near the midpoint: 300 @ $16.98 vs 11508 OI; Earnings 7/31 After Close [est] Ref=$419.51

Strategy Option Alert: Aug 1 $580 Puts at the Bid: 40 vs 0 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Aug 1 $580 Puts at the Bid: 40 @ $158.73 vs 0 OI; Earnings 7/31 After Close [est] Ref=$421.42

Strategy Option Alert: Fri $410 Calls at the Bid: 2000 vs 15710 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $410 Calls at the Bid: 2000 @ $11.7 vs 15710 OI; Earnings 7/31 After Close [est] Ref=$420.38

Strategy Option Alert: Fri $400 Calls Sweep (3) near the midpoint: 286 vs 6114 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $400 Calls Sweep (3) near the midpoint: 286 @ $19.28 vs 6114 OI; Earnings 7/31 After Close [est] Ref=$418.8499

Strategy Option Alert: Dec 19 $265 Puts at the Bid: 600 vs 378 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Dec 19 $265 Puts at the Bid: 600 @ $11.75 vs 378 OI; Earnings 7/31 After Close [est] Ref=$415.37

Strategy Option Alert: Jul 18 $435 Calls Sweep (98) near the midpoint: 1839 vs 1742 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jul 18 $435 Calls Sweep (98) near the midpoint: 1839 @ $4.001 vs 1742 OI; Earnings 7/31 After Close [est] Ref=$412.9644

Strategy Option Alert: Jul 18 $410 Calls Sweep (6) near the Ask: 300 vs 5065 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jul 18 $410 Calls Sweep (6) near the Ask: 300 @ $16.75 vs 5065 OI; Earnings 7/31 After Close [est] Ref=$419.13

Strategy Option Alert: Jul 25 $430 Calls Sweep (27) below Bid!: 494 vs 565 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jul 25 $430 Calls Sweep (27) below Bid!: 494 @ $10.45 vs 565 OI; Earnings 7/31 After Close [est] Ref=$415.6925

Strategy Option Alert: Fri $412.5 Calls at the Bid: 2500 vs 3118 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $412.5 Calls at the Bid: 2500 @ $6.95 vs 3118 OI; Earnings 7/31 After Close [est] Ref=$413.555

Strategy Option Alert: Fri $410 Calls at the Ask: 2500 vs 10629 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Fri $410 Calls at the Ask: 2500 @ $6.95 vs 10629 OI; Earnings 7/31 After Close [est] Ref=$410.95

Strategy Option Alert: Jul 25 $397.5 Puts Sweep (35) near the Bid: 579 vs 0 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jul 25 $397.5 Puts Sweep (35) near the Bid: 579 @ $11.052 vs 0 OI; Earnings 7/31 After Close [est] Ref=$404.0

Strategy Option Alert: Jul 18 $422.5 Calls Sweep (37) near the Ask: 1406 vs 3753 OI; Earnings 7/31 After Close [est] 

Strategy Option Alert: Jul 18 $422.5 Calls Sweep (37) near the Ask: 1406 @ $4.629 vs 3753 OI; Earnings 7/31 After Close [est] Ref=$403.6245

Strategy (NASDAQ:MSTR) Stock

MICROSTRATEGY INC-CL A

MicroStrategy

Strategy is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provide industry AI-powered enterprise analytics software.

Cryptocurrency behemoth Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) hit a market capitalization of $100 billion Monday in the wake of Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) record-breaking surge.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/COIN">COIN stock</a> here.
What Happened: Coinbase reached the historic milestone a little more than four years after going public. The company&#8217;s shares also closed at a record high of around $394.
With this, Coinbase becomes the first pure-play cryptocurrency company to hit the magic figure. Note that Michael Saylor&#8217;s Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), which primarily focuses on the Bitcoin treasury play, also <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45257429/michael-saylor-calls-bitcoin-the-corporate-survival-strategy-for-96-of-companies">operates an enterprise analytics software business</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46348748/bitcoins-booming-coinbases-167-rally-says-told-you-so">Bitcoin&#8217;s Booming &#8211; Coinbase&#8217;s 167% Rally Says &#8216;Told You So&#8217;</a>
Why It Matters: This development is significant, given Coinbase&#8217;s journey since its public listing in April 2021. 
In May, Coinbase became the <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45416971/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside">first pure-play crypto stock</a> in the S&amp;P 500. In the next month, it<a href="https://www.benzinga.com/markets/tech/25/06/46157342/coinbase-stock-is-sp-500s-best-performer-for-june-how-it-got-there"> became the top performer</a> in the benchmark index, with a 43% surge.
Interestingly, market commentator and TV personality Jim Cramer included Coinbase <a href="https://benzinga.com/markets/tech/25/07/46407417/jim-cramer-made-faang-popular-now-he-says-theres-a-new-acronym-to-describe-these-retail-favorite-sto">in the newly floated &#8220;PARC&#8221; category</a> of retail favorite stocks.
The stock&#8217;s rally was turbocharged by Bitcoin, the world&#8217;s largest cryptocurrency, which has been on a <a href="https://www.benzinga.com/markets/25/07/46404410/bitcoin-shatters-all-time-high-to-hit-123-000-as-ethereum-cracks-3-000-and-xrp-taps-3#:~:text=Bitcoin%20Shatters%20All%2DTime%20High,And%20XRP%20Taps%20%243%20%2D%20Benzinga">gravity-defying surge</a> in recent days.
COIN clocked high Momentum and Growth scores as of this writing. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> to compare know how other cryptocurrency-linked stocks perform on these metrics.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="447" height="183" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15021552/image-160.png" alt="" class="wp-image-985150" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15021552/image-160.png 447w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15021552/image-160-300x123.png 300w" sizes="(max-width: 447px) 100vw, 447px" /></a></figure>
Photo Courtesy: Rcc_Btn on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/topics/25/07/46389339/robert-reich-says-the-u-s-government-is-no-longer-able-to-protect-us-from-real-hazards-because-its-sh" target="_blank" rel="noreferrer noopener">Why Coinbase&#8217;s Huge Rally Might Be Done</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

COIN

MSTR

'PARC' Stock Coinbase Hits $100 Billion Market Capitalization As Bitcoin Rally Powers Crypto-Linked Equities

Economist and market commentator Peter Schiff critiqued Monday what he perceived as Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) shift from decentralized adoption to centralized buying by treasury companies.
What Happened:&nbsp;In an X post, Schiff expressed his views on the current state of Bitcoin demand. 
&#8220;Bitcoin demand has shifted to Bitcoin treasury companies and speculators looking to front-run that buying,&#8221; Schiff argued. &#8220;This is a Ponzi built on a pyramid.&#8221;
Schiff also aimed at Bitcoin supporters who frequently espouse the asset&#8217;s decentralized origins, saying, &#8220;It's not about broadening Bitcoin adoption — it's about wild centralized speculation that undermines Bitcoin's foundational principles.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin demand has shifted to Bitcoin treasury companies and speculators looking to front-run that buying. This is a Ponzi built on a pyramid. It's not about broadening Bitcoin adoption — it's about wild centralized speculation that undermines Bitcoin's foundational principles.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1944736922774954384?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46407556/jamie-dimon-will-go-all-in-on-crypto-says-jim-cramer-after-bitcoins-explosive-rally-id-like-to-pay-the-bookie">Jamie Dimon Will &#8216;Go All In On Crypto,&#8217; Says Jim Cramer After Bitcoin&#8217;s Explosive Rally: &#8216;I&#8217;d Like To Pay The Bookie…&#8217;</a>
Why It Matters:&nbsp;Schiff&#8217;s criticism comes amid an increasing trend of companies, led by Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), accumulating large amounts of Bitcoin for their reserves. 
The Michael Saylor-founded <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46401183/strategy-adds-472-million-in-bitcoin-ups-total-holdings-to-over-600000-btc">firm added another 4,225 BTC to its already dominant treasury</a>, bringing the total hoard above 600 BTC, currently worth $70.45 billion.
Notably, publicly-listed companies held a total of 859, 819 BTC, <a href="https://bitcointreasuries.net/">according</a> to BItcoin Treasuries, which is only 4.32% of the total BTC in circulation as of this writing.
Additionally, large investors or whales, held just about 1.25% of Bitcoin&#8217;s circulating supply, <a href="https://app.intotheblock.com/">according</a> to IntoTheBlock.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $117,274.97, down 3.04% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
Shares of Strategy were down 0.12% in after-hours trading after closing 3.78% higher at $451.02&nbsp;during Monday&#8217;s regular trading session. 
As of this writing, MSTR had a very high momentum score, but underperformed in Value and Growth metrics. New to stock trading and wondering what the trendiest picks are right now? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> has you covered.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="443" height="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14235651/image-159.png" alt="" class="wp-image-985009" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14235651/image-159.png 443w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14235651/image-159-300x133.png 300w" sizes="(max-width: 443px) 100vw, 443px" /></a></figure>
Photo Courtesy: sundaemorning on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46400732/if-you-invested-1000-in-bitcoin-when-donald-trump-said-cryptos-value-was-based-on-thin-air-heres-how-much-youd-have-now">If You Invested $1,000 In Bitcoin When Donald Trump Said Crypto&#8217;s Value Was &#8216;Based On Thin Air,&#8217; Here&#8217;s How Much You&#8217;d Have Now</a></li>
</ul>

Bitcoin Treasury Companies' Play Like 'Ponzi Built On A Pyramid,' Says Peter Schiff; Economist Warns 'Wild Centralized Speculation' Eroding BTC's Foundation

MicroStrategy Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46401183/strategy-adds-472-million-in-bitcoin-ups-total-holdings-to-over-600000-btc">is trading higher</a> Monday. It may be breaking the resistance that has been around the $441.50 level.
We have made MicroStrategy our Stock of the Day because breakouts tend to be bullish. There is a good chance it will be followed by a move higher.
Successful traders understand market psychology. For example, they know that one of the reasons why resistance forms is due to remorseful buyers trying to sell. People buy stocks and then regret doing so if price drops after.
Some of them decide that they will hold onto these losing positions, but they also decide that if they can eventually do so, they will exit at breakeven. So, if the stock rallies back up to their buying price they will sell.
If there is a large amount of these sell orders, it will create resistance.
Read Also: <a href="https://www.benzinga.com/trading-ideas/previews/25/07/46403464/jpmorgan-q2-preview-a-banking-renaissance-on-the-horizon">JPMorgan Q2 Preview: A &#8216;Banking Renaissance&#8217; On The Horizon</a>
As you can see on the chart, there was resistance for MicroStrategy around $441.40 in November and December. Each time the stock reached this level, it reversed and went lower. When this happened, some of the people who bought shares while the stock was at the resistance decided that buying was a mistake.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14184830/mstr-1024x576.png" alt="" class="wp-image-984746" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14184830/mstr-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14184830/mstr-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14184830/mstr-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14184830/mstr.png 1452w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
So when MicroStrategy recently returned to this level, selling by these remorseful sellers created resistance at the price again.
If the stock can get and hold above this resistance, traders will say it's a ‘breakout'.
This isn't just symbolic. It illustrates an important supply and demand dynamic. It could mean that the traders and investors who created the resistance with their sell orders are out of the way.
They have either finished or canceled their orders.
Regardless of the market, if supply (sellers) is taken out of it, the demand side (buyers) will be forced to be aggressive if they want their orders to be executed.
Buyers will cut ahead of each other and outbid each other in order to draw sellers back into the market. This could force the stock into an uptrend. It may be about to happen with MicroStrategy.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46397545/nvidias-jensen-huang-china-doesnt-need-us-chips">Nvidia&#8217;s Jensen Huang: China Doesn&#8217;t Need US Chips</a></li>
</ul>
Image: Shutterstock

Equities

Technicals

Trading Ideas

Stock Of The Day – Breakout Time For MicroStrategy?

Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) on Monday announced it has added another 4,225 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to its already dominant crypto treasury, spending approximately $472.5 million at an <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46397477/bitcoins-123k-boom-meets-crypto-week-blastoff-moment-for-microstrategy-marathon-digital">average price of $111,827 per coin</a>.
The purchase was disclosed Monday morning in a Form 8-K <a href="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt4cc1a0ae496ac9e3/68747439e8921d53d6fa6b41/form-8-k_07-14-2025.pdf">filing</a> with the U.S. Securities and Exchange Commission.
The acquisition pushes Strategy's total holdings to 601,550 BTC, acquired for roughly $42.87 billion at an average price of $71,268 per Bitcoin. 
The announcement comes amid Bitcoin's recent surge past $122,000, underscoring Strategy's aggressive buy-the-dip approach that now spans across more than three years and multiple bull-bear cycles.
What makes this purchase noteworthy isn't just the size, but the source of the funds: Strategy financed the latest acquisition using proceeds from four concurrent at-the-market (ATM) equity offerings, including its common stock and three series of preferred shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRK#NASDAQ">STRK</a>), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRF#NASDAQ">STRF</a>) and (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRD#NASDAQ">STRD</a>).
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46394828/bitcoin-eth-xrp-solana-are-in-for-a-long-and-exhausting-bull-market-bernstein-predicts">Bitcoin, ETH, XRP, Solana Are In For A &#8216;Long And Exhausting Bull Market,&#8217; Bernstein Predicts</a>
Over the same week, the company raised more than $472 million through those offerings, converting equity capital directly into Bitcoin with little delay.
The company's strategy, blending traditional capital markets with direct Bitcoin accumulation, continues to test conventional corporate treasury management. 
While the firm has become a proxy for institutional Bitcoin exposure on Wall Street, its risk posture remains polarizing. 
Critics warn of overexposure and limited liquidity, while supporters view the firm as an early archetype for how public companies can integrate digital assets into their balance sheets at scale.
Strategy's public dashboard indicates the company has now purchased more than 13,000 BTC in July alone, suggesting that the current accumulation cycle is far from over, even as Bitcoin trades at all-time highs.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46392541/how-donald-trumps-big-beautiful-bill-was-a-big-beautiful-boost-for-bitcoin">How Donald Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Was A &#8216;Big Beautiful Boost&#8217; For Bitcoin</a></li>
</ul>
Image: Shutterstock

News

STRD

STRF

STRK

Strategy Adds $472 Million In Bitcoin, Ups Total Holdings To Over 600,000 BTC

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$162.50</td>
<td>$60.7K</td>
<td>25.7K</td>
<td>36.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$147.00</td>
<td>$66.8K</td>
<td>14.0K</td>
<td>26.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$460.00</td>
<td>$95.1K</td>
<td>21.4K</td>
<td>20.9K</td>
</tr>
<tr>
<td>SQNS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.00</td>
<td>$28.1K</td>
<td>13.6K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$61.0K</td>
<td>5.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>BTBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$2.50</td>
<td>$30.0K</td>
<td>14.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CRCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$200.00</td>
<td>$27.2K</td>
<td>2.3K</td>
<td>817</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/25/25</td>
<td>$370.00</td>
<td>$44.8K</td>
<td>317</td>
<td>643</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$960.00</td>
<td>$141.4K</td>
<td>2</td>
<td>475</td>
</tr>
<tr>
<td>KODK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$5.00</td>
<td>$48.0K</td>
<td>1.9K</td>
<td>448</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 18, 2025. This event was a transfer of 150 contract(s) at a $162.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $60.7K, with a price of $405.0 per contract. There were 25759 open contracts at this strike prior to today, and today 36075 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $147.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $66.8K, with a price of $333.0 per contract. There were 14021 open contracts at this strike prior to today, and today 26708 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 158 contract(s) at a $460.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $95.1K, with a price of $595.0 per contract. There were 21406 open contracts at this strike prior to today, and today 20995 contract(s) were bought and sold. 
• For SQNS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>), we notice a call option trade that happens to be bullish, expiring in 186 day(s) on January 16, 2026. This event was a transfer of 100 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $281.0 per contract. There were 13668 open contracts at this strike prior to today, and today 3174 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a put option sweep that happens to be bullish, expiring in 186 day(s) on January 16, 2026. This event was a transfer of 66 contract(s) at a $110.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $61.0K, with a price of $925.0 per contract. There were 5065 open contracts at this strike prior to today, and today 1759 contract(s) were bought and sold. 
• For BTBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>), we notice a call option trade that happens to be bullish, expiring in 32 day(s) on August 15, 2025. This event was a transfer of 300 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $100.0 per contract. There were 14298 open contracts at this strike prior to today, and today 1294 contract(s) were bought and sold. 
• For CRCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), we notice a put option trade that happens to be neutral, expiring in 4 day(s) on July 18, 2025. This event was a transfer of 31 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $880.0 per contract. There were 2300 open contracts at this strike prior to today, and today 817 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on July 25, 2025. Parties traded 40 contract(s) at a $370.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.8K, with a price of $1120.0 per contract. There were 317 open contracts at this strike prior to today, and today 643 contract(s) were bought and sold. 
• For NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), we notice a call option sweep that happens to be bullish, expiring in 158 day(s) on December 19, 2025. This event was a transfer of 14 contract(s) at a $960.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $141.4K, with a price of $10100.0 per contract. There were 2 open contracts at this strike prior to today, and today 475 contract(s) were bought and sold. 
• Regarding KODK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $240.0 per contract. There were 1975 open contracts at this strike prior to today, and today 448 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BTBT

CRCL

KODK

NVDA

PLTR

SQNS

10 Information Technology Stocks Whale Activity In Today's Session

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) blasted through <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3">$123,000 on Monday</a> — just as Capitol Hill kicks off Crypto Week, a rare bipartisan push to pass sweeping digital asset legislation. With the Clarity Act and stablecoin oversight bills set for a vote, investors are eyeing what could be a regulatory green light for serious institutional capital to flood into the space.
And the biggest beneficiaries? Not just Bitcoin itself, but Bitcoin proxies such as Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and miners like MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>).
Read Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46392541/how-donald-trumps-big-beautiful-bill-was-a-big-beautiful-boost-for-bitcoin">How Donald Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Was A &#8216;Big Beautiful Boost&#8217; For Bitcoin</a>
<h2 class="wp-block-heading">Miners Could Rocket On Clarity And Short Squeezes</h2>
As of June 30, MARA held 49,940 BTC, yet the stock still carries a massive 26% short interest. If Bitcoin&#8217;s momentum continues and regulation gives Wall Street the green light, MARA could be primed for a short squeeze-fueled breakout. 
Other mining names like Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and CleanSpark Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) are also poised to benefit from rising Bitcoin prices, especially as institutional traders pile into regulated vehicles like BlackRock's iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).
The risk? 
Post-halving profitability remains tight for miners. Power costs and potential tariff-driven input inflation could compress margins just as demand spikes. But with Bitcoin hitting all-time highs and regulatory clarity emerging, the market may overlook these near-term headwinds in favor of momentum — and FOMO.
<h2 class="wp-block-heading">Strategy's Bitcoin Bet Looks Brilliant — Or Leveraged</h2>
Then there's Strategy, which now holds a staggering 597,325 BTC, valued near $73.5 billion. With Bitcoin's breakout, Michael Saylor's all-in strategy looks vindicated — on paper. But Strategy remains a high-beta play, heavily exposed to Bitcoin price swings and carrying leverage risk. Still, with the stock often moving multiples of Bitcoin's gains, the upside in a regulatory tailwind scenario is hard to ignore.
Social media chatter hints at a potential $2-3 trillion wave of institutional capital waiting for clear rules. If Crypto Week delivers even modest progress, it could set off a moonshot for miners and Bitcoin-heavy stocks.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46394828/bitcoin-eth-xrp-solana-are-in-for-a-long-and-exhausting-bull-market-bernstein-predicts">Bitcoin, ETH, XRP, Solana Are In For A &#8216;Long And Exhausting Bull Market,&#8217; Bernstein Predicts</a></li>
</ul>
Photo: Shutterstock

Government

Long Ideas

Markets

CLSK

IBIT

MARA

RIOT

Bitcoin's $123K Boom Meets Crypto Week: Blastoff Moment For MicroStrategy, Marathon Digital?

$BTCTSLACORNMSTRNVDAGLDHOODGOOGGOOGLIBITData from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment " title="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment ">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment </a>
<ul>
<li>$BTC</li>
<li>TSLA</li>
<li>CORN</li>
<li>MSTR</li>
<li>NVDA</li>
<li>GLD</li>
<li>HOOD</li>
<li>GOOG</li>
<li>GOOGL</li>
<li>IBIT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CORN

GOOG

GOOGL

HOOD

TSLA

Top 10 Trending Stocks On WallStreetBets As Of July 14, 2025 (Via Swaggy Stocks)

WIIM

BITF

HIVE

Shares of crypto-linked stocks and Bitcoin miners are trading higher after Bitcoin rose above $121,000.

U.S. stock futures were lower on Monday after ending on a negative note on Friday. Futures of major benchmark indices were lower.
President Donald Trump, in a telephone interview with NBC News' &#8220;Meet the Press&#8221; moderator Kristen Welker, asserted that &#8220;The tariffs have been very well received.&#8221; He believes that if a 10% tariff can generate around $300 billion annually, a 20% rate could <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-don">double that intake</a>. 
Meanwhile, the European Union was ready with a prepared list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, reported Reuters, highlighting Italy&#8217;s Foreign Minister Antonio Tajani&#8216;s comments. 
He also issued, latest threats to impose a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46384885/peter-schiff-gives-trumps-30-tariff-threa">30% tariff on all imports</a> from Mexico and the EU. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) scaled fresh highs on Monday as the cryptocurrency hit a fresh high of $123,091.61 per coin.
The 10-year Treasury bond yielded 4.42% and the two-year bond was at 3.89%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 93.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.32%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.31%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.31%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.38%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.27% at $621.94, while the QQQ declined 0.27% to $552.73, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Friday, while most sectors on the S&amp;P 500 closed lower, notably financial, health care, and materials stocks recorded the steepest declines, energy and consumer discretionary stocks defied the broader market downturn, concluding the session higher.
This mixed performance occurred a day after the S&amp;P 500 reached a new record high, ultimately leading U.S. stocks to settle lower.
The broader market reflected these losses over the past week, with the Dow Jones dropping 1% and the S&amp;P by 0.3%.
Fueling market jitters, Trump signaled a more aggressive trade stance, announcing a 35% tariff on Canadian imports effective Aug. 1, alongside proposed blanket duties of 15% to 20% on most other trading partners.
In corporate news, WD-40 Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) reported better-than-expected earnings for its third quarter, though its sales figures fell short of estimates.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.22%</td>
<td>20,585.53</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.33%</td>
<td>6,259.75</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.63%</td>
<td>44,371.51</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.26%</td>
<td>2,234.83</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Jim Cramer in an X post reflected his concern over tariffs linked to Trump&#8217;s policies.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back to the old pattern of woe off of Trump.. The whole tariff thing will be &quot;fine&quot; until it implodes of there is endless re-trading &#8230;
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944575812734157284?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Ed Yardeni from Yardeni Research highlighted the surplus of just over <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-don">$27 billion in June</a>, reported by the U.S. Treasury Department, saying that Trump "must have loved the headline… ‘Treasury posts unexpected surplus in June as tariff receipts surge."
However, he warned that tariffs are essentially "a tax on U.S. importers," which can erode corporate profit margins and profits. While rebounding productivity growth might offer some offset, the potential impact on businesses remains a significant concern.
Adding about the market reaction to tariffs, Yardeni said, &#8220;The selloffs in the bond and stock markets back then forced Trump to deescalate his trade war. That's not happening now—not so far at least. This undoubtedly is emboldening Trump.&#8221;
Speculating on how the financial markets will respond this week to his latest escalation, Yardeni said that perhaps investors have learned that Trump's huffing and puffing is simply the way he negotiates trade deals.
&#8220;They are betting that it will work and result in lots of deals. They've also learned that Trump can change his mind often. So if some trade deals aren't coming together fast enough, he'll settle on a vague letter of understanding to work out a deal over time.&#8221;
The risk for the economy and investors is that Trump has concluded that if the financial markets aren't going to be vigilant about his trade war, then he can proceed with it unchecked, explained Yardeni. &#8220;If so, then TTT (Trump&#8217;s Tariff Turmoil) will last past the summer.&#8221;
Yardeni said in a LinkedIn <a href="https://www.linkedin.com/pulse/trumps-reign-tariffs-aint-over-edward-yardeni-eshve/">post</a>, &#8220;Then again, investors may agree with our current view that &#8216;this too shall pass&#8217; by the end of the summer: The economy will remain resilient, and inflation will remain surprisingly moderate. It all adds up to a relatively normal seasonal pattern, with the stock market weak during the late summer through the fall followed by a year-end rally to 6500 in our scenario.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on this week:
<ul class="wp-block-list">
<li>No significant data is scheduled to be released on Monday.</li>
<li>On Tuesday, June&#8217;s headline and core consumer price index data, and the Empire State manufacturing survey will be released by 8:30 a.m. ET.</li>
<li>Fed Governor Michelle Bowman will speak at 9:15 a.m., Fed Governor Michael Barr will speak at 12:45 p.m., Boston Fed President Susan Collins will speak at 2:45 p.m., and Dallas Fed President Lorie Logan will speak at 6:45 p.m. ET.</li>
<li>On Wednesday, June&#8217;s headline and core producer price index data will be out by 8:30 a.m. ET.</li>
<li>June&#8217;s industrial production and capacity utilization will be announced by 9:15 a.m. ET.</li>
<li>Federal Reserve Governor Michael Barr will speak again at 10:00 a.m., Fed&#8217;s beige book data will be out by 2:00 p.m., and New York Fed President John Williams will speak at 6:30 a.m. ET.</li>
<li>On Thursday, the initial jobless claims data for the week ended July 5, June retail sales, import price index, and Philadelphia Fed manufacturing survey will all be out by 8:30 a.m. ET.</li>
<li>May&#8217;s business inventories data and July&#8217;s home builder confidence index data will be out by 10:00 a.m. ET.</li>
<li>Fed Governor Adriana Kugler will speak at 10:00 a.m., San Francisco Fed President Mary Daly will speak at 12:45 p.m., Fed Governor Lisa Cook will speak at 1:30 p.m., and Fed Governor Christopher Waller will speak at 6:30 p.m. ET.</li>
<li>On Friday, June&#8217;s housing starts and building permits data will be out by 8:30 a.m., and preliminary consumer sentiment data for July will be released by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was up 3.41%, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 1.76%, Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 3.86%, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) was 4.75% higher, along with all the other Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46385840/michael-saylors-strategy-coinbase-mara-riot-and-other-crypto-related-stocks-spike-after-hours-as-bitcoin-touches-all-time-high-beyond-122000">exposed stocks</a> as the cryptocurrency hit a fresh high of $123,091.61 on Monday.</li>
<li>Datavault AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVLT#NASDAQ">DVLT</a>) jumped 15.64% in premarket on Monday after the company entered into a licensing deal with IBM for program subscriptions.</li>
<li>BIT Mining Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) surged 40.40% after it announced strategic expansion into the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) ecosystem, marking a significant shift in the company&#8217;s growth strategy. The cryptocurrency mining company plans to establish an SOL treasury of up to $300 million.</li>
<li>Sequans Communications SA ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) climbed 14.67% after closing a $384 million strategic investment to launch a Bitcoin treasury initiative last week. The financing consists of a $195 million PIPE (Private Investment in Public Equity) and $189 million in convertible debentures due July 7, 2028.</li>
<li>Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) was up 2.94% as analysts expect it to report earnings of 28 cents per share on revenue of $2.07 billion before the opening bell.</li>
<li>FB Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) was unchanged as it is expected to report earnings after the closing bell. Analysts estimate earnings of 88 cents per share on revenue of $136.32.</li>
<li>Simulations Plus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) was 5.07% higher as analysts expect it to report earnings of 7 cents per share on revenue of $20.88 million after the closing bell</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.72% to hover around $68.94 per barrel.
Gold Spot US Dollar rose 0.33% to hover around $3,367.09 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.09% at the 97.9400 level.
Asian markets ended on a mixed note on Monday, as India's S&amp;P BSE Sensex, Japan's Nikkei 225, and Australia's ASX 200 indices fell. While China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi indices rose. European markets were mostly lower in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-dont-push-your-luck">Trump Wants Blanket Tariffs Of Up To 20% After Surprise Treasury Surplus In June: Ed Yardeni Says &#8216;Don&#8217;t Push Your Luck&#8217;</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

$SOL

BTCM

DVLT

FAST

WDFC

US Stocks Likely To Open Lower As Trump's 20% Blanket Tariff Bombshell Weighs On Markets: Bitcoin-Linked Stocks MSTR, COIN Jump As BTC Touches $123,000

Several Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-associated companies saw their shares rise in overnight trading Monday, as the apex digital asset continued its record-breaking bull run.
What happened: Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the world's largest corporate Bitcoin holder, was up over 3% as of this writing, <a href="https://robinhood.com/us/en/stocks/MSTR/">according </a>to Robinhood.
Similarly, leading Bitcoin miners like MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 3.71% and 3.62%, respectively, at last check.
Cryptocurrency exchange Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and commission-free trading platform Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) also edged higher.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Stocks</td>
<td>Overnight Gains +/-</td>
<td>Price (Recorded at 2:05 p.m. ET)</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>+3.71%</td>
<td>$19.85</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>+3.62</td>
<td>$12.87</td>
</tr>
<tr>
<td>Strategy</td>
<td>+3.17%</td>
<td>$447.72</td>
</tr>
<tr>
<td>Coinbase</td>
<td>+1.86%</td>
<td>$394.24</td>
</tr>
<tr>
<td>Robinhood Markets</td>
<td>+1.20%</td>
<td>$99.52</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/25/07/46385394/rich-dad-poor-dad-author-robert-kiyosaki-says-he-will-buy-one-more-bitcoin-asap-as-btc-breaks-122000">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Says He Will Buy &#8216;One More&#8217; Bitcoin ASAP As BTC Breaks $122,000</a>
The uptick comes after Bitcoin blasted past $122,000&nbsp;to clock new highs, <a href="https://www.benzinga.com/crypto/25/07/46385051/bitcoin-zooms-past-121000-to-finish-historic-week-whats-fueling-the-rally">extending a rally that began last week</a>.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $122,312.71, up 3.74% in the last 24 hours, and 12% over the week, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Meanwhile, MSTR recorded a high Momentum score, but lagged in Value and Growth. If you&#8217;re looking for similar high-momentum stocks for your portfolio, go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.."><img loading="lazy" decoding="async" width="961" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png" alt="" class="wp-image-983326" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147.png 961w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-300x61.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14023232/image-147-768x157.png 768w" sizes="(max-width: 961px) 100vw, 961px" /></a></figure>
Photo: khunkornStudio via Shutterstock
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>

Michael Saylor's Strategy, Coinbase, MARA, Riot And Other Crypto-Related Stocks Spike After Hours As Bitcoin Touches All-Time High Beyond $122,000

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$430.00</td>
<td>$50.0K</td>
<td>10.7K</td>
<td>35.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$145.00</td>
<td>$31.1K</td>
<td>18.8K</td>
<td>19.4K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$240.00</td>
<td>$28.8K</td>
<td>8.7K</td>
<td>5.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$143.00</td>
<td>$94.8K</td>
<td>1.0K</td>
<td>4.5K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$135.00</td>
<td>$196.5K</td>
<td>1.4K</td>
<td>4.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$23.00</td>
<td>$25.5K</td>
<td>10.2K</td>
<td>3.8K</td>
</tr>
<tr>
<td>CIFR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/29/25</td>
<td>$4.50</td>
<td>$34.5K</td>
<td>0</td>
<td>1.7K</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$200.00</td>
<td>$54.2K</td>
<td>2.4K</td>
<td>1.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$195.00</td>
<td>$48.0K</td>
<td>3.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$265.00</td>
<td>$99.8K</td>
<td>88</td>
<td>802</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 200 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $250.0 per contract. There were 10796 open contracts at this strike prior to today, and today 35666 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on July 18, 2025. This event was a transfer of 74 contract(s) at a $145.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $421.0 per contract. There were 18819 open contracts at this strike prior to today, and today 19469 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $240.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $144.0 per contract. There were 8734 open contracts at this strike prior to today, and today 5527 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option trade that happens to be bullish, expiring in 7 day(s) on July 18, 2025. This event was a transfer of 300 contract(s) at a $143.00 strike. The total cost received by the writing party (or parties) was $94.8K, with a price of $316.0 per contract. There were 1072 open contracts at this strike prior to today, and today 4516 contract(s) were bought and sold. 
• For CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we notice a call option trade that happens to be neutral, expiring in 7 day(s) on July 18, 2025. This event was a transfer of 673 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $196.5K, with a price of $292.0 per contract. There were 1475 open contracts at this strike prior to today, and today 4082 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 500 contract(s) at a $23.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $51.0 per contract. There were 10272 open contracts at this strike prior to today, and today 3859 contract(s) were bought and sold. 
• For CIFR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>), we notice a put option sweep that happens to be bullish, expiring in 49 day(s) on August 29, 2025. This event was a transfer of 1380 contract(s) at a $4.50 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $25.0 per contract. There were 0 open contracts at this strike prior to today, and today 1732 contract(s) were bought and sold. 
• Regarding PANW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we observe a call option trade with bullish sentiment. It expires in 35 day(s) on August 15, 2025. Parties traded 175 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $54.2K, with a price of $310.0 per contract. There were 2473 open contracts at this strike prior to today, and today 1694 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on August 1, 2025. This event was a transfer of 400 contract(s) at a $195.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $120.0 per contract. There were 3689 open contracts at this strike prior to today, and today 1662 contract(s) were bought and sold. 
• Regarding ACN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), we observe a put option sweep with bearish sentiment. It expires in 21 day(s) on August 1, 2025. Parties traded 644 contract(s) at a $265.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $99.8K, with a price of $155.0 per contract. There were 88 open contracts at this strike prior to today, and today 802 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

CIFR

CRWV

INTC

ORCL

PANW

10 Information Technology Stocks With Whale Alerts In Today's Session

<ul>
<li>MSTR</li>
<li>CORN</li>
<li>TSLA</li>
<li>GLD</li>
<li>$BTC</li>
<li>NVDA</li>
<li>HOOD</li>
<li>BULL</li>
<li>AMZN</li>
<li>GOOGL</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

AMZN

BULL

Top 10 Trending Stocks On WallStreetBets As Of July 11, 2025 (Via Swaggy Stocks)

Strategy shares are trading higher following Bitcoin's rally to all-time highs.

U.S. stock futures declined on Friday after ending marginally higher on Thursday. Futures of major benchmark indices were lower.
After President Donald Trump imposed <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46334793/trump-sends-lula-a-letter-imposing-50-tariffs-calls-bolsonaro-trial-a-witch-hunt-brazils-president-hits-back-will-not-accept-any-form-of-tutelage">50% tariffs on Brazil</a>, the country&#8217;s President, Luiz Inácio Lula da Silva, issued a warning Thursday about <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46359200/brazil-hits-back-at-trumps-tariff-letter-lula-says-if-hes-going-to-charge-us-50-wee-going-to-charge-him-50">potential retaliatory tariffs </a>if the U.S. proceeds with its planned 50% tax on Brazilian imports from Aug. 1.
The 10-year Treasury bond yielded 4.38% and the two-year bond was at 3.88%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 93.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.62%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.57%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.50%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.99%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Friday. The SPY was down 0.54% at $622.44, while the QQQ declined 0.47% to $552.86, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Thursday, most sectors within the S&amp;P 500 finished higher, with consumer discretionary, utilities, and energy stocks leading the gains.
Conversely, communication services and information technology sectors bucked the trend, ending the session lower. U.S. stocks settled higher overall, with the S&amp;P 500 hitting an all-time high during the day.
A significant boost came from Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), which surged approximately 12% after reporting second-quarter results that exceeded both earnings and revenue forecasts, signaling a robust demand outlook and igniting a widespread rally across the airline sector.
On the economic front, the U.S. labor market continued to demonstrate resilience, as initial jobless claims decreased to 237,000 last week, surpassing expectations. However, continuing claims increased to 1.965 million, reaching their highest level since 2021.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.094%</td>
<td>20,630.66</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.27%</td>
<td>6,280.46</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.43%</td>
<td>44,650.64</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.48%</td>
<td>2,263.41</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As the trade-related tussle evolves with the U.S. trading partners, Louis Navellier of Navellier &amp; Associates said that &#8220;There is no doubt that the tariffs the Trump Administration is imposing are controversial, but the countries that cooperate with the U.S., like Australia and Britain, are only being hit with 10% baseline tariffs, which should be largely offset by appreciation in the U.S. dollar in the upcoming months.&#8221;
Highlighting that the tariff revenue to the U.S. Treasury soared to $24.2 billion in May and is now expected to soar to $60 billion or higher per month in the upcoming months, he added, &#8220;I remain in the camp that when all the dust settles, there will be freer trade with fewer tariffs, since many countries cannot fight with the U.S.&#8221;
&#8220;Markets appear to have become desensitized to tariff news,&#8221; said Michelle Gibley, director of international research at the Schwab Center for Financial Research. &#8220;There may be some thought that the rates announced won&#8217;t be the final tariffs—some of the figures seem random and part of a negotiation.&#8221;
Meanwhile, Ed Yardeni of Yardeni Research highlighted that the Warren Buffett Indicator <a href="https://www.benzinga.com/markets/equities/25/07/46360976/warren-buffett-indicator-soars-to-208-surpassing-dot-com-2008-levels">hit an alarming valuation</a>, indicating a potentially overvalued market, but the U.S. economy has demonstrated remarkable resilience.
He pointed out a fascinating paradox: "The economy won't let us down. Despite numerous crises, real GDP has remained recession-resistant since the Covid lockdown during the first half of 2020."
He emphasizes nearly six years without a recession, despite significant global challenges such as the pandemic, the conflict in Ukraine, stricter monetary policies, the Middle East war, and the economic disruption caused by Donald Trump&#8217;s tariffs.
Indeed, Yardeni argues, "it really has been the Roaring 2020s so far. Real GDP is at a record high and so is the stock market."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>Monthly U.S. federal budget data will be released at 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was up 3.35%, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 2.38%, Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 2.94%, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) was 4.20% higher, along with all the other Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exposed stocks as the cryptocurrency hit a fresh high of $118,403.89 on Thursday.</li>
<li>Several drone-related stocks were also higher after Defense Secretary Pete Hegseth issued new orders to <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46356963/drone-stocks-fly-as-defense-secretary-fast-tracks-drone-production-deployment">fast-track drone manufacturing</a> and deployment. This includes Red Cat Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), which soared 16.08%, AeroVironment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>), which advanced 4.11%, Ageagle Aerial Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#NYSE">UAVS</a>), which was up 9.68%, and Ondas Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) higher by 5.47%.</li>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) jumped 7.25% after reporting stronger-than-expected second-quarter financial results and raising its full-year guidance.</li>
<li>PriceSmart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) climbed 7.10% higher after reporting better-than-expected third-quarter financial results.</li>
<li>Frequency Electronics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) tumbled 2.12% after reporting earnings of 34 cents per share for the fourth quarter, up from 28 cents per share in the year-ago period. The company&#8217;s sales rose to $19.986 million from $15.576 million.</li>
<li>E2open Parent Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) was up 0.31% after posting better-than-expected earnings for its first quarter and affirming its fiscal year 2026 sales guidance.</li>
<li>WD-40 Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) was 0.093% higher after posting better-than-expected earnings for its third quarter, while sales missed estimates. The company raised its EPS guidance, but narrowed its sales forecast.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.03% to hover around $66.59 per barrel.
Gold Spot US Dollar rose 0.29% to hover around $3,333.71 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.14% at the 97.7890 level.
Asian markets ended mostly lower on Friday, except China&#8217;s CSI 300 and Hong Kong's Hang Seng indices. India's S&amp;P BSE Sensex, Japan's Nikkei 225, South Korea's Kospi, and Australia's ASX 200 indices fell. European markets were lower in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46360976/warren-buffett-indicator-soars-to-208-surpassing-dot-com-2008-levels">Warren Buffett Indicator Soars To 208%, Surpassing Dot-Com, 2008 Levels</a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

AVAV

ETWO

FEIM

LEVI

ONDS

PSMT

RCAT

UAVS

US Stocks Expected To Open Lower, But Bitcoin-Exposed Stocks Soar In Premarket After BTC Breaches $118K Mark

Shares of cryptocurrency mining company Bit Origin Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) surged in Friday&#8217;s pre-market trading amid Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) record-shattering rally.
What happened: The Nasdaq-listed firm focuses on the Bitcoin mining ecosystem, as well as the deployment of blockchain technologies.
Earlier in the month, it regained compliance with Nasdaq's equity standard, which mandates listed companies to maintain a minimum of $2.5 million in stockholders' equity.
The latest spike may have to do with the ongoing rally in the cryptocurrency market, which has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">propelled Bitcoin beyond $118,000</a>.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/news/politics/25/07/46359496/elizabeth-warren-says-crypto-industry-wants-trump-to-boost-their-products-just-like-he-was-hawking-elon-musks-cars">Elizabeth Warren Says Crypto Industry Wants Trump To Boost Their Products Just Like He Was &#8216;Hawking&#8217; Elon Musk&#8217;s Cars</a>
The momentum has buoyed most Bitcoin-related equities, with Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) rising 2.71% and 3.37%, respectively, after-hours.&nbsp;CoinShares Valkyrie Bitcoin Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGMI#NASDAQ">WGMI</a>) was up 1.18%
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $$117,761.58, up 5.91% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Shares of Bit Origin were up as much as 75% in pre-market trading after closing 48.8% higher at $0.2900 during Thursday's regular trading session. The stock has risen 81% over the last month.
BTOG recorded a low momentum score as of this writing. If you are looking for high-momentum stocks for your portfolio, go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="441" height="194" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11041358/Screenshot-2025-07-11-130250.png" alt="" class="wp-image-981399" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11041358/Screenshot-2025-07-11-130250.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11041358/Screenshot-2025-07-11-130250-300x132.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46360502/raoul-pal-says-no-one-realizes-insane-incoming-demand-for-blockspace-predicts-crypto-will-become-100-trillion-asset-within-a-decade-as-bitcoin-smashes-118000">Raoul Pal Says No One Realizes &#8216;Insane&#8217; Incoming Demand For Blockspace, Predicts Crypto Will Become $100 Trillion Asset Within A Decade As Bitcoin Smashes $118,000</a></li>
</ul>
Photo: Paopano on Shutterstock.com

BTOG

WGMI

Bit Origin Shares Surge 75% Pre-Market As Bitcoin Rallies Past $118,000

BTC Digital Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) surged by over 35% in after-hours trading on Thursday. Renewed momentum in the crypto sector, marked by Bitcoin&#8217;s recent all-time high, is fueling this rally. 
The stock&#8217;s price rose from $3.75 to $5.14, marking a 37.43% increase.
What Happened: The after-hours jump in BTCT&#8217;s stock price follows a period of relative stability. The digital asset platform&#8217;s stock has been <a href="https://www.google.com/finance/quote/BTCT:NASDAQ?sa=X&amp;ved=2ahUKEwj6z-32nLSOAxVhyjgGHaFXH5sQ3ecFegQIMBAb">trading between $3.42 and $3.85</a> over the past 24 hours, with a previous close of $3.46. The company&#8217;s market cap is currently at $28.19 million.
The surge in BTCT&#8217;s stock price came after the company announced significant progress in its <a href="https://www.prnewswire.com/news-releases/btc-digital-ltd-announces-major-milestone-on-georgia-20-mw-mining-project-and-introduces-advanced-liquidcooling-technology-for-the-first-time-302499947.html">Georgia mining project</a>. The project is set to incorporate liquid-cooling technology, a development that has piqued investors&#8217; interest.
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/07/46359200/brazil-hits-back-at-trumps-tariff-letter-lula-says-if-hes-going-to-charge-us-50-wee">Brazil Hits Back At Trump&#8217;s Tariff Letter, Lula Says If &#8216;He&#8217;s Going To Charge Us 50, We&#8217;e Going To Charge Him 50&#8217;</a>
Earlier in 2025, the company <a href="https://www.benzinga.com/news/25/05/45374062/btc-digital-expands-proprietary-mining-operations-with-deployment-of-400-new-bitmain-antminer-t21-ma">expanded its proprietary mining operations</a> by deploying 400 new Bitmain Antminer T21 machines, adding about 76 PH/s of Bitcoin mining hash rate. This move was seen as a significant step in BTCT&#8217;s growth strategy.
Why It Matters: The recent gain in BTCT&#8217;s stock price comes at a time when the cryptocurrency market is experiencing a renewed surge. In May, shares of crypto-linked stocks and Bitcoin miners were trading higher after Bitcoin reached a <a href="https://www.benzinga.com/wiim/25/05/45560623/shares-of-crypto-linked-stocks-and-bitcoin-miners-are-trading-higher-after-bitcoin-reached-a-new-all">new all-time high</a>, rising above $110,000. This included companies like MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>), and HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>).
BTCT&#8217;s recent stock surge also follows a trend of information technology stocks experiencing significant movements. In June, <a href="https://www.benzinga.com/insights/movers/25/06/46105069/12-information-technology-stocks-moving-in-wednesdays-after-market-session">12 Information Technology Stocks</a> experienced significant movements in the after-market session, including BTCT and Alpha Modus Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMOD#NASDAQ">AMOD</a>).
Price Action: According to <a href="https://www.benzinga.com/quote/btct">Benzinga Pro</a> data, BTCT stock jumped 29.33% after hours to $4.85 following progress updates on its Georgia mining project.
Benzinga Edge Stock Rankings highlights BTC Digital Ltd has a strong Value score of 82.35. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out</a> how rivals in the crypto asset industry rank.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="859" height="155" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11033222/Screenshot-2025-07-11-130209.png" alt="" class="wp-image-981346" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11033222/Screenshot-2025-07-11-130209.png 859w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11033222/Screenshot-2025-07-11-130209-300x54.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/11033222/Screenshot-2025-07-11-130209-768x139.png 768w" sizes="(max-width: 859px) 100vw, 859px" /></a></figure>
Read Next: <a href="https://benzinga.com/crypto/25/07/46335745/bitcoin-hits-historic-high-above-112000-noted-investor-says-if-you-cant-beat-it-you-have-to-buy-it">Bitcoin Hits Historic High Above $112,000, Noted Investor Says &#8216;If You Can&#8217;t Beat It, You Have To Buy It&#8217;</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

After-Hours Center

AMOD

BTCT

BTC Digital Soars Over 35% After Hours On Georgia Mining Breakthrough, Bitcoin Surge

Shares of crypto-linked stocks and Bitcoin miners are trading higher amid strength in Bitcoin.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$405.00</td>
<td>$156.5K</td>
<td>29.3K</td>
<td>34.7K</td>
</tr>
<tr>
<td>RPD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$29.0K</td>
<td>106</td>
<td>4.0K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$170.00</td>
<td>$56.4K</td>
<td>41.7K</td>
<td>3.6K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$150.00</td>
<td>$70.7K</td>
<td>4.0K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$19.00</td>
<td>$39.5K</td>
<td>1.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$215.00</td>
<td>$55.0K</td>
<td>5.3K</td>
<td>2.4K</td>
</tr>
<tr>
<td>BILL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$45.00</td>
<td>$50.0K</td>
<td>6.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$32.00</td>
<td>$68.0K</td>
<td>5.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$505.00</td>
<td>$179.9K</td>
<td>2.5K</td>
<td>979</td>
</tr>
<tr>
<td>IBM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$275.00</td>
<td>$41.6K</td>
<td>904</td>
<td>938</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on July 11, 2025. This event was a transfer of 105 contract(s) at a $405.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $156.5K, with a price of $1500.0 per contract. There were 29365 open contracts at this strike prior to today, and today 34728 contract(s) were bought and sold. 
• For RPD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>), we notice a call option sweep that happens to be bearish, expiring in 36 day(s) on August 15, 2025. This event was a transfer of 804 contract(s) at a $30.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $37.0 per contract. There were 106 open contracts at this strike prior to today, and today 4042 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 71 day(s) on September 19, 2025. This event was a transfer of 60 contract(s) at a $170.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $940.0 per contract. There were 41728 open contracts at this strike prior to today, and today 3643 contract(s) were bought and sold. 
• Regarding CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we observe a put option trade with bullish sentiment. It expires in 1 day(s) on July 11, 2025. Parties traded 117 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $70.7K, with a price of $605.0 per contract. There were 4023 open contracts at this strike prior to today, and today 3356 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option sweep that happens to be bullish, expiring in 99 day(s) on October 17, 2025. This event was a transfer of 500 contract(s) at a $19.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $39.5K, with a price of $79.0 per contract. There were 1157 open contracts at this strike prior to today, and today 2501 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on August 1, 2025. Parties traded 100 contract(s) at a $215.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $550.0 per contract. There were 5353 open contracts at this strike prior to today, and today 2482 contract(s) were bought and sold. 
• Regarding BILL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>), we observe a put option sweep with bullish sentiment. It expires in 71 day(s) on September 19, 2025. Parties traded 139 contract(s) at a $45.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $360.0 per contract. There were 6078 open contracts at this strike prior to today, and today 2420 contract(s) were bought and sold. 
• Regarding IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we observe a call option sweep with bullish sentiment. It expires in 554 day(s) on January 15, 2027. Parties traded 200 contract(s) at a $32.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $68.0K, with a price of $340.0 per contract. There were 5229 open contracts at this strike prior to today, and today 1084 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bullish sentiment. It expires in 71 day(s) on September 19, 2025. Parties traded 97 contract(s) at a $505.00 strike. The total cost received by the writing party (or parties) was $179.9K, with a price of $1855.0 per contract. There were 2551 open contracts at this strike prior to today, and today 979 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a put option trade that happens to be bullish, expiring in 8 day(s) on July 18, 2025. This event was a transfer of 800 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $41.6K, with a price of $52.0 per contract. There were 904 open contracts at this strike prior to today, and today 938 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BILL

Core Scientific, Inc. - Class A Common Stock

CORZ

IREN

MSFT

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) briefly surged past $112,000 on Wednesday, marking a fresh all-time high and reigniting debate over whether the crypto market is entering a new bullish cycle or settling into a period of <a href="https://www.benzinga.com/crypto/25/07/46335745/bitcoin-hits-historic-high-above-112000-noted-investor-says-if-you-cant-beat-it-you-have-to-buy-it">institutional-led maturity.</a>
Unlike past parabolic rises driven by retail speculation, this rally is being described by industry leaders as measured, structurally sound, and driven by long-term forces.
"Bitcoin's appeal as programmable gold is becoming harder to ignore," said Leo Fan, co-founder of compute infrastructure firm Cysic, speaking with Benzinga. "Institutional demand is no longer a prediction—it's here. With ETFs live and global macro tensions rising, Bitcoin is gaining recognition as a long-term hedge."
The current run has seen BTC rise more than 17% year-to-date, closing Wednesday at $110,789 according to Benzinga Pro. But it's not just the price action that's drawing attention, it's the changing nature of the rally itself.
Dan Hughes, founder of Radix DLT, noted that while Bitcoin's new highs are technically significant, the lack of explosive upside momentum may actually be a positive sign. 
"We've been moving sideways for seven months. This kind of stability suggests the price point is sustainable," Hughes told Benzinga. "It's not retail FOMO this time—it's steady accumulation by institutions. And that might be the best thing for Bitcoin's long-term credibility."
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46340086/bitrue-backs-politically-linked-stablecoin-usd1-despite-expected-pushback-over-trump-ties">Bitrue Backs Politically-Linked Stablecoin USD1 Despite Expected Pushback Over Trump Ties</a>
Agne Linge, Head of Growth at decentralized finance platform WeFi, said, "Bitcoin's new highs are a result of multiple tailwinds—geopolitical uncertainty, rate-cut expectations, and increased institutional demand. The asset is evolving from speculative play to strategic reserve."
That evolution is becoming visible on corporate balance sheets. 
Japanese firm Metaplanet (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTPLF#OTC">MTPLF</a>) has become the largest corporate holder of Bitcoin globally, eclipsing Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).
Meanwhile, ReserveOne recently announced plans to raise $1 billion for Bitcoin acquisition and a diversified digital asset portfolio, modeled on the U.S. Strategic Bitcoin Reserve.
According to Fakhul Miah, Managing Director at Gomining Institutional, "This isn't just another rally. There's now over $100 billion locked in U.S. spot Bitcoin ETFs—more than all of Ethereum DeFi. The market is becoming more utility-driven. Tokenized mining, payment rails, and L2 innovations are turning Bitcoin into functional currency, not just digital gold."
On-chain signals also indicate resilience. 
Mining revenues remain healthy, and at the peak of the ordinals boom, transaction fees even exceeded block rewards, a sign that Bitcoin's fee market may support the network as issuance declines over time.
Glassnode data shows the rally still needs to be confirmed by more spot demand.
The analytics firm <a href="https://x.com/glassnode/status/1943291241720136070">noted </a>that while futures cumulative volume delta (CVD) is trending up, indicating aggressive leveraged buying, spot market CVD has been declining for weeks. 
In simple terms, futures traders are buying, but spot market interest, often considered a more reliable signal of organic demand, has been waning. 
Glassnode characterized the rally as &#8220;driven more by leverage than spot demand,&#8221; with low funding rates suggesting the setup isn't overcrowded yet, but remains fragile without a pickup in spot buying.
Ultimately, the consensus is clear: Bitcoin's rise above $112,000 isn't driven by exuberance.
It's grounded in structural change—new investor classes, institutional infrastructure, and macroeconomic shifts aligning in a way that could define a more sustainable future for the crypto asset.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46339302/circle-reportedly-integrating-usdc-with-jack-mas-ant-group">Circle Reportedly Integrating USDC With Jack Ma&#8217;s Ant Group</a></li>
</ul>
Image: Shutterstock

MTPLF

Bitcoin's Rally To $112,000: Yes, It's Different This Time

MSTR has a steady rise throughout the session
<figure class="wp-block-image size-large"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/09201045/Screenshot-2025-07-09-at-4.01.38%E2%80%AFPM-937x1024.png" alt="" class="wp-image-15586" /></figure>
Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:48 AM on July 9th, a significant trading signal occurred for Strategy Inc., (MSTR) as it demonstrated a Power Inflow at a price of $397.40. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in MicroStrategy's stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in MicroStrategy's stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock's overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for MSTR,<a href="https://benzinga.grsm.io/register174"> Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like&nbsp; <a href="https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_July2025">https://tradepulse.net/?utm_source=Benzinga&amp;utm_medium=Article&amp;utm_campaign=brand_awareness_July2025</a>
which are responsible for parts of the data within this article.
After Market Close UPDATE:
The price at the time of the Power Inflow was $397.40. The returns on the High price ($415.80) and Close price ($415.68) after the Power Inflow are respectively 4.6% and 4.6%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite.
Past performance is not indicative of future results

Opinion

Signals

Strategy Stock Rises 4.6% After Key Trading Signal

Press Releases

Pomerantz Law Firm Announces the Filing of a Class Action Against MicroStrategy Incorporated d/b/a Strategy and Certain Officers - MSTR

Legal

MicroStrategy Incorporated d/b/a Strategy Investors: Please contact the Portnoy Law Firm to recover your losses. July 15, 2025 Deadline to file Lead Plaintiff Motion.

DEADLINE ALERT for IOVA, DNUT, MSTR, DV: Law Offices of Howard G. Smith Reminds Investors of Opportunity to Lead Securities Fraud Class Actions

Deadline Soon: MicroStrategy Incorporated (MSTR) Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit

MicroStrategy Incorporated (MSTR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

Lead Plaintiff Deadline on July 15, 2025 for MSTR Investors - Kessler Topaz Meltzer & Check, LLP Encourages Investors with Losses to Contact the Firm

STRATEGY DEADLINE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Strategy Incorporated and Urgently Encourages Investors to Contact the Firm

Comments

Strategy

Unusual Options Activity for

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
01:56 PMJul 14, 2025	CALL	$810.00	Jun 17, 2027	701	82	75	23	351	SWEEP	BULLISH
11:56 AMJul 14, 2025	PUT	$375.00	Sep 19, 2025	65	2948	772	112	2631	SWEEP	NEUTRAL
11:56 AMJul 14, 2025	PUT	$415.00	Sep 19, 2025	65	5595	772	5432	103	SWEEP	NEUTRAL
11:55 AMJul 14, 2025	PUT	$415.00	Sep 19, 2025	65	4634	194	4499	103	SWEEP	NEUTRAL
10:30 AMJul 14, 2025	CALL	$430.00	Jul 18, 2025	2	3494	235	35	9998	SWEEP	BULLISH
10:30 AMJul 14, 2025	CALL	$570.00	Oct 17, 2025	93	470	235	588	80	SWEEP	BEARISH
09:45 AMJul 14, 2025	CALL	$0.50	Jan 16, 2026	184	109	20	0	22264	SWEEP	BULLISH
09:41 AMJul 14, 2025	CALL	$455.00	Jul 18, 2025	2	2565	984	21	12389	SWEEP	BEARISH
09:35 AMJul 14, 2025	CALL	$430.00	Jul 18, 2025	2	1502	429	15	9998	SWEEP	BULLISH
09:33 AMJul 14, 2025	CALL	$450.00	Jul 18, 2025	2	2912	500	16	18151	SWEEP	BEARISH
02:51 PMJul 11, 2025	PUT	$245.00	Aug 15, 2025	30	8022	7750	3518	228	TRADE	BEARISH
02:18 PMJul 11, 2025	CALL	$350.00	Jan 16, 2026	184	178	50	7	2553	SWEEP	BULLISH
02:14 PMJul 11, 2025	CALL	$300.00	Sep 19, 2025	65	90	50	5	1807	SWEEP	NEUTRAL
01:40 PMJul 11, 2025	CALL	$670.00	Dec 17, 2027	884	179	50	11	1666	SWEEP	BULLISH
11:52 AMJul 11, 2025	CALL	$640.00	Sep 19, 2025	65	1339	662	229	584	SWEEP	NEUTRAL
11:52 AMJul 11, 2025	CALL	$630.00	Sep 19, 2025	65	1332	662	705	189	SWEEP	BULLISH
09:53 AMJul 11, 2025	CALL	$450.00	Aug 15, 2025	30	456	500	17	2650	TRADE	NEUTRAL
03:50 PMJul 10, 2025	CALL	$402.50	Jul 11, 2025	-5	14838	300	129	11508	SWEEP	NEUTRAL
03:30 PMJul 10, 2025	PUT	$580.00	Aug 01, 2025	16	40	40	Infinity	0	TRADE	BULLISH
01:55 PMJul 10, 2025	CALL	$410.00	Jul 11, 2025	-5	12993	2000	83	15710	TRADE	BEARISH
01:29 PMJul 10, 2025	CALL	$400.00	Jul 11, 2025	-5	4133	286	68	6114	SWEEP	NEUTRAL
11:19 AMJul 10, 2025	PUT	$265.00	Dec 19, 2025	156	601	600	159	378	TRADE	NEUTRAL
10:26 AMJul 10, 2025	CALL	$435.00	Jul 18, 2025	2	8092	1839	465	1742	SWEEP	NEUTRAL
10:19 AMJul 10, 2025	CALL	$410.00	Jul 18, 2025	2	803	300	16	5065	SWEEP	BULLISH
03:59 PMJul 09, 2025	CALL	$430.00	Jul 25, 2025	9	3906	494	691	565	SWEEP	BEARISH
03:38 PMJul 09, 2025	CALL	$412.50	Jul 11, 2025	-5	4687	2500	150	3118	TRADE	BULLISH
03:30 PMJul 09, 2025	CALL	$410.00	Jul 11, 2025	-5	18315	2500	172	10629	TRADE	BULLISH
11:24 AMJul 09, 2025	PUT	$397.50	Jul 25, 2025	9	6	579	Infinity	0	SWEEP	BULLISH
09:32 AMJul 09, 2025	CALL	$422.50	Jul 18, 2025	2	1471	1406	39	3753	SWEEP	BULLISH