Gradual and Strategic Stock Sales

According to the company, STRD shares will be sold gradually and strategically, based on current market conditions and trading volumes. The ATM sales may include block trades or negotiated transactions, depending on liquidity and investor interest.

Proceeds from these sales will be allocated to general corporate purposes, including working capital and, most notably, further Bitcoin acquisitions. Additionally, a portion of the funds may be used to pay dividends on other preferred stock series such as the 10% STRF and 8% STRK.

Temporary Pause in Bitcoin Accumulation

In a regulatory filing on July 7, Strategy revealed that it had not acquired any new Bitcoin between June 30 and July 6, marking the first pause in its buying spree over the last three months. The only prior break in accumulation occurred in early April following the Q1 earnings release.

Despite the brief pause, Strategy’s Bitcoin holdings remain substantial. The company currently holds 597,325 BTC, with an average purchase price of $70,982 per Bitcoin. This brings its total Bitcoin investment to approximately $42.4 billion, now worth over $65 billion—yielding more than $22.6 billion in unrealized gains.

This enormous stash represents more than 2.8% of Bitcoin’s total maximum supply of 21 million coins, solidifying Strategy’s position as a major institutional holder.

$6.8 Billion Raised Through Preferred Shares

During Q2, Strategy raised a total of $6.8 billion through ATM offerings of its MSTR common stock, as well as STRD, STRF, and STRK preferred shares. The capital has been utilized for both Bitcoin acquisitions and covering deferred tax liabilities.

The company also reported a remarkable $14.05 billion in unrealized digital asset gains for the quarter, accompanied by a $4.04 billion deferred tax expense.

The “42/42 Plan” Expands to $84 Billion

This latest STRD issuance is a key part of the firm’s ambitious “42/42 Plan”, which has now been doubled to $84 billion in target capital through equity and convertible note offerings by 2027. Initially set at $42 billion, the plan’s equity allocation via ATM programs has already been fully deployed, leading to this expansion.

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What Is a Token Unlock?

Token unlock refers to the process of releasing previously locked cryptocurrencies into the market. This usually takes place as part of project team allocations, early investor agreements, or community incentive mechanisms. The goal is to avoid flooding the market with tokens all at once and to help maintain price stability.

Token unlocks increase circulating supply, which can create selling pressure and lead to price volatility. For this reason, investors closely monitor large-scale unlocks. On the other hand, not all unlocked tokens are immediately sold—some investors may adopt a long-term strategy and hold onto their assets.

Token Unlocks and Market Impact

Since token unlocks increase supply in the market, they are closely watched by investors. In low-liquidity projects especially, large unlocks can lead to significant price drops due to selling pressure.

However, not every unlock has a negative effect. Some projects coordinate their unlocks with exchange listings or strategic partnerships to boost demand and help stabilize the price. Therefore, it’s important to consider not only the amount of tokens being unlocked but also the overall market context and project-related news flow.

When Will Token Unlocks Happen and in Which Altcoins?

During the week of April 15-18, significant token unlocks will occur in several major projects. Here are the tokens and unlock amounts by date.

April 15 Tuesday

• $STRK: 128.05 million tokens – $16 million (1.28% of total supply)
• $SEI: 55.56 million tokens – $8 million (0.55% of total supply)

April 16 Wednesday

• $ARB: 93.65 million tokens – $26 million (0.94% of total supply)
• $VANA: 1.24 million tokens – $6 million (1.04% of total supply)

April 17 Thursday

• $GRT: 71.44 million tokens – $5 million (0.71% of total supply)
• $APE: 15.38 million tokens – $6 million (1.54% of total supply)

April 18 Friday

• $IMX: 27.31 million tokens – $11 million (1.37% of total supply)
• $TRUMP: 40 million tokens – $318 million (4% of total supply)

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BlackRock Ownership and STRK Shares Rise on Nasdaq

According to a recent Schedule 13G filing, BlackRock (BLK) disclosed that it now owns 5% of Strategy (MSTR), which equals approximately 11.2 million shares. This marks a 0.91% increase from its previous 4.09% ownership as of September 30, 2024. According to Yahoo Finance, BlackRock’s filing regarding its ownership stake is a significant development.

A Schedule 13G is filed when an investor acquires more than 5% of a publicly traded company’s stock but does not intend to influence or control the company. Institutional investors are required to file within 45 days after year-end or within 10 days if ownership exceeds 10%.

BlackRock was required to disclose its 5% ownership by December 31, 2024, and make the filing public by February 14.

Meanwhile, Strategy’s perpetual preferred stock (STRK) began trading on Nasdaq this past Thursday. According to TradingView, STRK closed the day up 2%, with over 650,000 shares traded. This marks another significant development for Strategy.

Following the close of the trading day, STRK continued its upward momentum, gaining 5% in pre-market trading. This indicates that STRK is being positively received by investors, with strong growth potential moving forward.

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ONDO Token Unlock Scheduled

Ondo Finance will unlock 1.94 billion ONDO tokens on January 18, valued at approximately $2.23 billion. This amount exceeds 130% of the token’s circulating supply, which is currently 1.4 billion. The upcoming unlock is also several times larger than ONDO’s average daily trading volume, which has recently ranged between $250 million and $300 million.

You Might Be Interested In: Elon Musk Shared, That Memecoin Flew: Up 500%!

Token unlocks are typically designed to release tokens gradually to prevent early investors and project teams from liquidating their holdings all at once. This approach aims to avoid sharp price swings and maintain market stability. However, unlocks like ONDO’s—where the unlocked amount surpasses both the circulating supply and daily trading volume—can inject significant volatility into the market.

Token Unlock Calendar and Altcoin Market

According to Tokenomist, the January 13 to January 19 token unlock calendar will release a total of $3 billion worth of tokens, marking the highest weekly unlock amount since November.

Other notable projects with token unlocks this week include ARB, STRK, and SEI. Research from The Tie indicates that tokens with unlocks equal to or exceeding 100% of their average daily volume tend to experience heightened volatility both before and after the unlock event.

ONDO Price Movements

ONDO is trading at $1.14 at the time of writing, the lowest price since December 2. This represents a 5% daily loss and a 15% decline month-to-date. ONDO’s price has been in a steady downtrend since hitting an all-time high of $2.10 on December 16, according to TradingView data.

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Known for his influential statements and actions that often positively impact the market and specific altcoin prices, Buterin’s latest move has caught the attention of the crypto community.

According to recent reports, Buterin unlocked and withdrew $469,510 worth of StarkNet’s (STRK) tokens.

As one of StarkNet’s early individual investors, Vitalik Buterin claimed the STRK tokens that had been reserved and locked for him, transferring them to his wallet.

Data from Arkham shows that Buterin unlocked and moved 1.268 million STRK (worth $469,510) from Starknet’s Locked Token Grant address, starting with 0xAcc, to his Gnosis Safe Proxy address, beginning with 0x220.

Currently, Buterin holds a total of 2.113 million STRK, valued at around $781,000, making it the second most valuable asset in his wallet after ETH.

Although Buterin has not yet made any transactions with the over 1 million STRK tokens, the community is speculating on his next move.

While his decision to unlock and transfer the STRK tokens raises the possibility of a future sale, analysts believe that a $470,000 sale is unlikely to significantly impact the price, given STRK’s daily volume and market cap.

In addition to Ethereum (ETH) and STRK, Buterin’s wallet also contains various other altcoins, including WETH, KNC, SDOG, and DEGEN.

STRK, which had spiked to $7 following its listing on Binance in February before dropping to around $1, has seen a recent price increase. At the time of writing, it is trading at $0.38, up 5% in the last few hours.

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Among the most notable unlocks is a massive $254.5 million worth of AVAX tokens set to be released on August 20th. Avalanche, a popular layer-1 blockchain platform, has seen substantial growth in recent months, and this upcoming unlock could further fuel its momentum or introduce some selling pressure.

Other significant token unlocks in August include:

Wormhole: $154 million on August 3rd
Aptos: $74.6 million on August 12th
The Sandbox: $66.2 million on August 14th
Arbitrum: $63 million on August 16th
Optimism: $51 million on August 31st
IMX: $46 million on August 9th
SUI: $46 million on August 1st
STRK: $31 million on August 15th
ZETA: $30 million on August 1st

The post $800 Million in Tokens Set to Unlock in August as Crypto Projects Ramp Up appeared first on Coin Engineer.

Starknet (STRK), which was on the agenda of the cryptocurrency market with its airdrop in the past period, this time took center stage in an investigation in China.

In an investigation by the local Chinese police, it was determined that a person sent more than 40 fake Early Community Member Program (ECMP) AirDrop forms using the identities of others.

It was stated that this suspect, named Lan Mou, earned 40,000 STRK worth $91,000 thanks to phishing scams and sent these assets to exchanges. The person was arrested in Guangdong Province on April 25 and a computer and two mobile phones were seized.

The post Airdrop Operation for Ethereum Altcoin in China appeared first on Coin Engineer.

STRK Price Analysis:

According to CoinMarketCap’s data STRK has rose over 22% and currently trading at $2.1. In last 7 days Starknet has risen 11% and countinued to rise even more today.

Looking at current levels, we see that the next resistance in Starknet is at $ 2.45. However, if Starknet manages to exceed these levels, the next target is at $ 2.64. Starknet’s support zone seems to be at $ 2.1.

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The recently launched token of Ethereum‘s Layer-2 network, Starknet, dropped its price almost in half due to heavy selling pressure from Ethereum infrastructure firm Nethermind and airdrop recipients. According to CoinGecko data, the price of Starknet’s (STRK) token has dropped almost 60% from its peak of $4.41 when it was distributed to selected blockchain users via airdrop on February 20, and is now trading below $1.90.

After being listed on Binance, STRK briefly rose to $7.70, but has since experienced a sharp drop of 75.4% and fell below $1.90.

Blockchain analysts Lookonchain noted in a X post on February 22, that the price of $STRK has been on a downward trend since its launch.

The firm detected the sale of 3.41 million STRK by Nethermind that worth more than 6.7 million dollars and warned that the ‘selling may continue’ because the firm still holds a value of over 12 million dollars.

A few hours ago, Lookonchain reported another scenario in which an STRK airdrop hunter combined wallets. Approximately 1.2 million STRK was transferred to an address from about 1,800 separate wallets, worth of 2.4 million dollars.

On February 21, Lookonchain reported a similar situation concerning an airdrop hunter. Approximately 1,400 wallets sent around 1.4 million STRK’s worth of about 3 million dollars to a single address.

Before the Starknet airdrop, Yearn.finance developer Banteg claimed that over 700,000 of the 1.3 million wallets associated with GitHub accounts controlled by airdrop hunters were eligible for the airdrop.

Other users experienced issues related to Starknet‘s airdrop reward program that’s set to unlock approximately 1.3 billion STRK tokens, 13% of the supply, about two months after the launch.

When the STRK airdrop started, 45 million STRK tokens were secured in the first hour, half an hour after the distributions started.

So far, according to Voyager’s data, nearly 92% of the total, 430 million STRK tokens that worth over 790 million dollars have been claimed by those eligible for distribution.

Despite the drop in the price of STRK, Starknet‘s total value has increased by almost 30% in 24 hours, reaching to 73.5 million dollars, according to DefiLlama‘s data.

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One of the tactics that cryptocurrency investors have recently been using to earn income from airdrops is creating multiple wallets, which was also seen in the Starknet airdrop. On-chain data shows that a person who created 1361 wallets was entitled to receive 1,482,800 STRK tokens.

This person then transferred all of the tokens they received from the 1361 wallets to the account “0x027c…9078”.

According to information provided by Lookonchain, another person created approximately 1800 wallets and received 1.22 million STRK tokens worth $2.4 million.

On the other hand, it is seen that many large whales and investors using this multiple wallet tactic have also been selling since yesterday. The STRK token price has fallen by more than 55% in the last 24 hours.

Data shows that Nethermind, a node operator on Lido, sold 954,000 STRK tokens for $2.4 each. The token price had risen above $7.5 on the Binance exchange yesterday.

As of the time of writing, the STRK token is trading at $1.96.

The post Person Who Created 1361 Addresses for Airdrop Earns $3 Million in Starknet (STRK) appeared first on Coin Engineer.