₿ULLISH: Strategy Announces Public Offering + Bernstein Predicts $200K BTC in 2025

Strategy™ Announces Public Offering of 5 Million Series A Perpetual Strife Preferred Stock Shares

Strategy™ (Nasdaq: MSTR; STRK) has revealed plans to offer 5,000,000 shares of its Series A Perpetual Strife Preferred Stock in a public offering under the Securities Act of 1933, subject to market conditions. The proceeds will be used for corporate purposes, including bitcoin acquisition and working capital. The stock will accumulate dividends at a 10% annual rate, paid quarterly from June 2025. The company has redemption rights if certain conditions are met and will adjust the liquidation preference as needed. Morgan Stanley, Barclays, Citigroup, and Moelis are managing the offering.

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Bernstein Initiates Coinbase Coverage with $310 Price Target, Predicts 69% Upside

Bernstein analysts have started coverage of Coinbase, giving it an outperform rating and a $310 price target, indicating a 69% upside. They highlight Coinbase’s dominance in the U.S. crypto market with a 66% share, 10 million active users, and over $400 billion in assets. Despite competition concerns, Bernstein emphasizes the expansion of Coinbase’s addressable market due to the re-shoring of global crypto markets to the U.S. Analysts also project strong growth in Coinbase’s revenues, both from trading and non-trading services, with a compound annual growth rate of 34% for trading and 31% for non-trading revenues through 2026. They believe the U.S. regulatory environment will support further growth and predict that Bitcoin could reach $200,000 by 2025.

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Raydium Unveils LaunchLab, a Token Launchpad Rivaling Pump.fun

Solana-based DEX and AMM Raydium is launching LaunchLab, a new token launchpad that closely mirrors pump.fun. The move comes after pump.fun announced plans to develop its own AMM, threatening Raydium’s revenue stream. LaunchLab will feature customizable bonding curves, flexible fees, and support for multiple quote tokens beyond SOL. Despite the competitive tension, Raydium insists the platform is an alternative, not a direct competitor. Pump.fun memecoins contributed 41% of Raydium’s swap fee revenue in the past 30 days, and concerns over revenue loss led to a 25% drop in Raydium’s native token. LaunchLab marks the first step in Raydium’s broader push for expanded token creation tools.

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