MicroStrategy Option Alert: Jan, 2027 $450 Calls at the Bid: 115 vs 1035 OI

MicroStrategy Option Alert: Jan, 2027 $450 Calls at the Bid: 115 @ $111.75 vs 1035 OI; Ref=$324.4928

MicroStrategy Option Alert: Jan 16 $250 Calls Sweep (8) near the midpoint: 182 vs 3080 OI

MicroStrategy Option Alert: Jan 16 $250 Calls Sweep (8) near the midpoint: 182 @ $133.625 vs 3080 OI; Ref=$322.96

MicroStrategy Option Alert: Fri $80 Calls at the Ask: 150 vs 835 OI

MicroStrategy Option Alert: Fri $80 Calls at the Ask: 150 @ $242.75 vs 835 OI; Ref=$322.62

MicroStrategy Option Alert: Jul 18 $400 Calls Sweep (11) below Bid!: 200 vs 959 OI

MicroStrategy Option Alert: Jul 18 $400 Calls Sweep (11) below Bid!: 200 @ $44.051 vs 959 OI; Ref=$323.2654

MicroStrategy Option Alert: Mar 21 $230 Calls Sweep (5) near the Ask: 72 vs 1320 OI

MicroStrategy Option Alert: Mar 21 $230 Calls Sweep (5) near the Ask: 72 @ $94.05 vs 1320 OI; Ref=$321.18

MicroStrategy Option Alert: Jan 16 $350 Calls Sweep (14) near the Bid: 113 vs 2195 OI

MicroStrategy Option Alert: Jan 16 $350 Calls Sweep (14) near the Bid: 113 @ $91.55 vs 2195 OI; Ref=$319.6

MicroStrategy Option Alert: Fri $215 Calls Sweep (37) near the Ask: 178 vs 1356 OI

MicroStrategy Option Alert: Fri $215 Calls Sweep (37) near the Ask: 178 @ $103.7 vs 1356 OI; Ref=$318.515

MicroStrategy Option Alert: Mar 21 $5 Calls at the Bid: 20 vs 183 OI

MicroStrategy Option Alert: Mar 21 $5 Calls at the Bid: 20 @ $316.25 vs 183 OI; Ref=$321.167

MicroStrategy Option Alert: Mar 21 $330 Puts at the Bid: 200 vs 3777 OI

MicroStrategy Option Alert: Mar 21 $330 Puts at the Bid: 200 @ $29.15 vs 3777 OI; Ref=$323.44

MicroStrategy Option Alert: Jan 16 $0.5 Calls Sweep (5) near the Ask: 20 vs 15371 OI

MicroStrategy Option Alert: Jan 16 $0.5 Calls Sweep (5) near the Ask: 20 @ $327.12 vs 15371 OI; Ref=$327.32

MicroStrategy Option Alert: Jan 16 $300 Calls Sweep (6) near the Bid: 81 vs 2554 OI

MicroStrategy Option Alert: Jan 16 $300 Calls Sweep (6) near the Bid: 81 @ $114.352 vs 2554 OI; Ref=$328.56

MicroStrategy Option Alert: Jan 16 $300 Calls Sweep (7) near the Ask: 63 vs 2554 OI

MicroStrategy Option Alert: Jan 16 $300 Calls Sweep (7) near the Ask: 63 @ $115.136 vs 2554 OI; Ref=$330.02

MicroStrategy Option Alert: Jan 16 $300 Calls Sweep (4) near the Bid: 80 vs 2554 OI

MicroStrategy Option Alert: Jan 16 $300 Calls Sweep (4) near the Bid: 80 @ $115.728 vs 2554 OI; Ref=$331.64

MicroStrategy Option Alert: Jan 16 $100 Calls Sweep (5) near the midpoint: 93 vs 5259 OI

MicroStrategy Option Alert: Jan 16 $100 Calls Sweep (5) near the midpoint: 93 @ $244.294 vs 5259 OI; Ref=$333.86

MicroStrategy Option Alert: Mar 21 $300 Puts at the Bid: 471 vs 4027 OI

MicroStrategy Option Alert: Mar 21 $300 Puts at the Bid: 471 @ $11.2 vs 4027 OI; Ref=$332.88

MicroStrategy Option Alert: Jan 16 $160 Puts at the Bid: 500 vs 1296 OI

MicroStrategy Option Alert: Jan 16 $160 Puts at the Bid: 500 @ $14.45 vs 1296 OI; Ref=$332.5825

MicroStrategy Option Alert: Jan 16 $100 Calls Sweep (5) near the Ask: 36 vs 5259 OI

MicroStrategy Option Alert: Jan 16 $100 Calls Sweep (5) near the Ask: 36 @ $245.55 vs 5259 OI; Ref=$335.0

MicroStrategy Option Alert: Jan 16 $100 Calls Sweep (3) near the midpoint: 46 vs 5259 OI

MicroStrategy Option Alert: Jan 16 $100 Calls Sweep (3) near the midpoint: 46 @ $244.561 vs 5259 OI; Ref=$334.01

MicroStrategy Option Alert: Jan 16 $400 Calls Sweep (6) near the Ask: 62 vs 2546 OI

MicroStrategy Option Alert: Jan 16 $400 Calls Sweep (6) near the Ask: 62 @ $83.25 vs 2546 OI; Ref=$332.61

MicroStrategy Option Alert: Mar 21 $350 Calls Sweep (5) near the Bid: 675 vs 2867 OI

MicroStrategy Option Alert: Mar 21 $350 Calls Sweep (5) near the Bid: 675 @ $21.75 vs 2867 OI; Ref=$334.0003

MicroStrategy Option Alert: Jan, 2027 $140 Calls at the Ask: 750 vs 772 OI

MicroStrategy Option Alert: Jan, 2027 $140 Calls at the Ask: 750 @ $238.0 vs 772 OI; Ref=$338.66

MicroStrategy Option Alert: Jan 16 $380 Calls Sweep (11) above Ask!: 200 vs 3888 OI

MicroStrategy Option Alert: Jan 16 $380 Calls Sweep (11) above Ask!: 200 @ $92.5 vs 3888 OI; Ref=$335.465

MicroStrategy Option Alert: Feb 21 $205 Calls Sweep (15) near the Ask: 154 vs 252 OI

MicroStrategy Option Alert: Feb 21 $205 Calls Sweep (15) near the Ask: 154 @ $133.811 vs 252 OI; Ref=$338.535

MicroStrategy Option Alert: Fri $225 Calls Sweep (15) near the midpoint: 154 vs 2143 OI

MicroStrategy Option Alert: Fri $225 Calls Sweep (15) near the midpoint: 154 @ $113.355 vs 2143 OI; Ref=$338.535

MicroStrategy Option Alert: Feb 21 $205 Calls Sweep (7) near the midpoint: 113 vs 252 OI

MicroStrategy Option Alert: Feb 21 $205 Calls Sweep (7) near the midpoint: 113 @ $136.039 vs 252 OI; Ref=$340.8

MicroStrategy Option Alert: Fri $205 Calls Sweep (7) near the midpoint: 113 vs 2437 OI

MicroStrategy Option Alert: Fri $205 Calls Sweep (7) near the midpoint: 113 @ $135.653 vs 2437 OI; Ref=$340.8

MicroStrategy Option Alert: Feb 28 $400 Calls Sweep (197) near the Ask: 1801 vs 2942 OI

MicroStrategy Option Alert: Feb 28 $400 Calls Sweep (197) near the Ask: 1801 @ $4.516 vs 2942 OI; Ref=$339.8

Strategy (NASDAQ:MSTR) 주식

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.

Strategy

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

Cryptocurrency

AAPL

AMZN

BITS

GOOG

IBIT

MAGS

MARA

MSFT

MSTR

NVDA

TSLA

스트레티지(NASDAQ:MSTR)의 공동 창립자이자 회장인 마이클 세일러는 수년간 준비해 온 &#39;비트코인 비축&#39;(Bitcoin Treasury) 전략의 성공을 숨기지 않고 공개하고 있다. 이러한 전략은 현재 몇 년간의 준비 끝에 결실을 맺고 있으며, 몇몇 경쟁사들이 따라하고 있다.

마이클 세일러의 스트레티지, 애플·테슬라·아마존 등 &#39;매그 7&#39; 수익률 크게 상회해···비트코인 비축 베팅에 성공?

GameStop Store

News

$BTC

SMLR

게임스탑(NYSE:GME) 주가는 수요일(28일) 프리마켓에서 4,710개의 비트코인(BTC/USD)을 매입했다고 발표한 후 상승세를 보이고 있다. 이는 디지털 자산으로 전환하는 중요한 발걸음을 내딛은 것이다. 

게임스탑, 4710개 비트코인 구매···시장이 주목하는 이유는?

Bitcoin

Opinion

Markets

Trading Ideas

COIN

HOOD

오늘은 기술적 신호, 수익 잠재력, 디지털 자산 보유량을 기준으로 비트코인 상승장에서 시장수익률 상회할 수 있는 종목 4가지를 선정해 보았다. 단, 암호화폐 관련 기업에 투자할 때는 항상 주의를 기울여야 한다.

비트코인 상승장에서 시장수익률 상회할 수 있는 주식 4가지

MicroStrategy Incorporated - Class A Common Stock

According to several experts in the sector, Bitcoin ETFs and cryptocurrency-related ETFs have made significant progress since launching in January 2024 <a href="https://www.benzinga.com/etfs/currency-etfs/25/01/42971053/bitcoin-etfs-enter-2025-after-massive-first-year">and setting inflow records</a>.
Here's what three Bitcoin-ETF experts had to say about the sector&#8217;s growth, why people are choosing Bitcoin ETFs, what the U.S. buying Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could mean for demand and validation, and what comes next for cryptocurrency ETFs.
Beating Expectations: The launch of Bitcoin ETFs has been an &#8220;amazing journey&#8221; that could be &#8220;just beginning,&#8221; WisdomTree Global Head of Research Chris Gannatti said at <a href="https://www.youtube.com/watch?v=g-tme4GtysQ">Benzinga's recent ETF event.</a>
"At WisdomTree, we've been amazed to watch the appetite, the adoption," Gannatti said.
Gannatti said it's clear there was pent-up demand for Bitcoin ETFs and everyone has now seen "incredible growth."
WisdomTree was one of the first companies with a Bitcoin ETF with the WisdomTree Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCW#BATS">BTCW</a>).
Bitwise Asset Management Head of Research Ryan Rasmussen echoed the early success of Bitcoin ETFs with his company behind the Bitwise Bitcoin ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>) and several other crypto-related ETFs.
"The adoption and performance of Bitcoin ETFs since they launched in the US since last January is just incredible," Rasmussen said.
Rasmussen said Bitcoin ETFs broke the one-year record for inflows and continue to see strong demand.
"We're extremely excited about it. Just getting started."
After the launch of the initial batch of Bitcoin ETFs came other funds like the Innovator Uncapped Bitcoin 20 Floor ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/QBF#BATS">QBF</a>), which offers limited downside for investors.
Innovator Director of Product Strategy Andrew Nelson said the initial growth of Bitcoin ETFs is what spurred the company launching a crypto ETF.
"There's room for everybody," Nelson said.
Nelson said Innovator's fund creates additional investment opportunities for investors and another tool in their tool kit when looking for exposure to Bitcoin.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45018551/senator-on-digital-assets-committee-buys-more-bitcoin-etf-shares-2025-is-the-year-for-digital-assets">Senator On Digital Assets Committee Buys More Bitcoin ETF Shares: &#8216;2025 Is The Year For Digital Assets&#8217;</a>
Why Bitcoin ETFs?: When asked why there's room for Bitcoin ETFs alongside investing directly in Bitcoin, the expert panel didn't flinch.
Nelson said Bitcoin ETFs like the one from Innovator provide "unique exposure" for investors.
Summarizing his company's ETF in three sentences, he said it's, "Bitcoin, 20% max loss, and no cap."
The Innovator fund offers an uncapped upside while providing a 20% max loss each quarter for investors. Nelson said this is not something you can engineer on your own just by holding Bitcoin.
Rasmussen echoed this sentiment saying there are different things ETFs can do like derivatives and options along with getting access to "institutional grade custody" of Bitcoin.
With Bitcoin ETFs, there's less risk for asset managers than worrying about self-custody and other aspects for clients, Rasmussen added.
Countries and Companies Adding Bitcoin: Another key growth topic for Bitcoin and Bitcoin ETFs could be the stockpiling of the leading cryptocurrency by countries and companies.
Gannatti said that some see the degree of success Michael Saylor has had with Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) buying Bitcoin and they want to follow it.
"People who have achieved great success get great attention," Gannatti said.
Gannatti also said the US being more crypto-friendly isn't a done deal, but things are changing.
"The current administration is pushing the ball down the field in a positive direction."
Without giving a price prediction, Gannatti said if the only goal is to get the price of Bitcoin to go up fast, the U.S. buying Bitcoin could be the quickest way.
Rasmussen highlighted the sector&#8217;s change. The fact that a person predicting some of the things that happened five years ago would have been laughed at and called crazy, he added.
"I think it's crazy that we're seeing corporations and governments buy Bitcoin, not in a bad way," Rasmussen said.
Rasmussen referenced how GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) recently bought Bitcoin. More companies are saying they're adding the cryptocurrency to hedge against national debt, inflation, and geopolitical concerns.
"I still think we're in the early stages of seeing mass adoption by governments and corporations."
Rasmussen added that, "no government wants to be the last mover when it comes to this."
Pension funds that have yet to invest in Bitcoin say they&#8217;d feel comfortable adding cryptocurrency to their portfolios if the U.S. purchases Bitcoin, the panelist added.
"I think that is one of those monumental moments,&#8221; he added.
More demand from countries and corporations could lead the price of Bitcoin higher, Nelson said.
Nelson said the idea is that high demand drives prices higher in a supply-constrained environment. The U.S. buying Bitcoin could be a positive action for the sector. Yet, Nelson added, it might not be the same initial demand that happened when Bitcoin ETFs launched.
"We think it's a positive for the space."
What's Next: Bitwise predicts Bitcoin will hit $200,000 by the end of 2025 and $1 million by 2029. Rasmussen said these are predictions and not investment advice but show confidence in the long term.
Going forward, the company is also launching more ETFs in the cryptocurrency space. This includes covered call income strategy funds around public crypto-companies like Strategy, MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
"We're spending a lot of time thinking about what products do investors want access to," Rasmussen said. 
Innovator has just one current cryptocurrency ETF — QBF. However, the company is closely monitoring the space and the options market to see where the demand is, Nelson said, adding, "We're looking at Ethereum of course, because of its already approved nature.&#8221;
Innvoator also monitors Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and XRP CRYPTO:XRP). 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/02/43599972/new-bitcoin-etf-limits-losses-to-20-offers-risk-controlled-exposure">New Bitcoin ETF Limits Losses To 20%, Offers Risk-Controlled Exposure</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
 <iframe loading="lazy" title="Crypto Panel - Virtual ETF Event" width="500" height="281" src="https://www.youtube.com/embed/ozqSFOpMooE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Image: Shutterstock

Specialty ETFs

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$ETH

$SOL

$XRP

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

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BTCW

Innovator ETFs Trust Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly

EXCLUSIVE: Bitcoin ETF Experts On Past, Present And Future Of Sector — Why US Buying BTC Could Be 'Monumental Moment'

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. 
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>06/06/25</td>
<td>$140.00</td>
<td>$117.5K</td>
<td>56.0K</td>
<td>45.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$202.50</td>
<td>$43.4K</td>
<td>14.9K</td>
<td>43.7K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$125.00</td>
<td>$30.7K</td>
<td>5.2K</td>
<td>39.5K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$115.00</td>
<td>$60.4K</td>
<td>9.2K</td>
<td>9.0K</td>
</tr>
<tr>
<td>HPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$18.50</td>
<td>$48.8K</td>
<td>12.2K</td>
<td>8.6K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$260.00</td>
<td>$86.5K</td>
<td>6.5K</td>
<td>7.4K</td>
</tr>
<tr>
<td>WULF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$3.00</td>
<td>$44.2K</td>
<td>12.5K</td>
<td>5.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/13/25</td>
<td>$355.00</td>
<td>$25.1K</td>
<td>908</td>
<td>2.8K</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$467.50</td>
<td>$31.4K</td>
<td>516</td>
<td>1.3K</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$100.00</td>
<td>$375.9K</td>
<td>1.1K</td>
<td>959</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed 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, is expiring today. Parties traded 539 contract(s) at a $140.00 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 $117.5K, with a price of $218.0 per contract. There were 56074 open contracts at this strike prior to today, and today 45279 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 call option sweep that happens to be bearish, is expiring today. Parties traded 447 contract(s) at a $202.50 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $97.0 per contract. There were 14937 open contracts at this strike prior to today, and today 43700 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 call option sweep that happens to be bullish, is expiring today. Parties traded 236 contract(s) at a $125.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $130.0 per contract. There were 5203 open contracts at this strike prior to today, and today 39573 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 call option sweep that happens to be bullish, expiring in 14 day(s) on June 20, 2025. This event was a transfer of 403 contract(s) at a $115.00 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 $60.4K, with a price of $150.0 per contract. There were 9274 open contracts at this strike prior to today, and today 9054 contract(s) were bought and sold. 
• Regarding HPE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on June 20, 2025. Parties traded 1683 contract(s) at a $18.50 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $29.0 per contract. There were 12259 open contracts at this strike prior to today, and today 8670 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option trade that happens to be bearish, expiring in 42 day(s) on July 18, 2025. This event was a transfer of 100 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $86.5K, with a price of $865.0 per contract. There were 6594 open contracts at this strike prior to today, and today 7499 contract(s) were bought and sold. 
• For WULF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), we notice a put option sweep that happens to be bearish, expiring in 70 day(s) on August 15, 2025. This event was a transfer of 2203 contract(s) at a $3.00 strike. This particular put needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $20.0 per contract. There were 12575 open contracts at this strike prior to today, and today 5215 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 put option trade with bullish sentiment. It expires in 7 day(s) on June 13, 2025. Parties traded 85 contract(s) at a $355.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $296.0 per contract. There were 908 open contracts at this strike prior to today, and today 2814 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 203 contract(s) at a $467.50 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $155.0 per contract. There were 516 open contracts at this strike prior to today, and today 1363 contract(s) were bought and sold. 
• Regarding OKTA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), we observe a call option sweep with bearish sentiment. It expires in 168 day(s) on November 21, 2025. Parties traded 254 contract(s) at a $100.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $375.9K, with a price of $1480.0 per contract. There were 1130 open contracts at this strike prior to today, and today 959 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

AVGO

CRWD

OKTA

PLTR

WULF

10 Information Technology Stocks Whale Activity In Today's Session

Strategy&#x2122; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) today announced the pricing of its initial public offering on June 5, 2025 of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (the "STRD Stock"), at a public offering price of $85.00 per share. The issuance and sale of the STRD Stock are scheduled to settle on June 10, 2025, subject to customary closing conditions.
Strategy estimates that the net proceeds to it from the offering will be approximately $979.7 million, after deducting the underwriting discounts and commissions and Strategy's estimated offering expenses. Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.

IPOs

Strategy Prices IPO Of 11.8M Shares Of 10.00% Series A Perpetual Stride Preferred Stock At Public Offering Price Of $85.00/Shr

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally in 2025 has been nothing short of stratospheric, with <a href="https://www.benzinga.com/crypto">the flagship crypto</a> blowing past the $100,000 mark and dreams of $200,000 swirling in the digital air. 
While bulls are eyeing the moon, two publicly traded names &#8211; MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) &#8211; are catching serious wind from the crypto updraft. But can they stay aloft, or are they flying too close to the sun?
<h2 class="wp-block-heading">MicroStrategy: Saylor's Billion-Dollar Crypto Binge</h2>
Michael Saylor has turned MicroStrategy from a business intelligence firm into a full-throttle Bitcoin proxy. With a stash of 580,250 BTC now worth $40.6 billion, the company's fate is fused to the price of Bitcoin. The latest move? 
A cool $427 million plowed into 4,020 more coins at $106,000 each. Forget quarterly reports &#8211; MSTR&#8217;s main KPI is BTC/USD.
The math is as wild as the strategy: if Bitcoin hits $150,000, MSTR could touch $2,000 per share. At $200,000? Expect targets of $3,500 and a Saylor victory lap. But there's turbulence too. 
When BTC dipped in late 2024, MSTR shed 30% in days. With short interest ballooning past $10 billion and critics warning the market cap now dwarfs Coinbase despite a fraction of its revenue, the stock looks less like a rocket and more like a loaded powder keg.
Read Also: <a href="https://www.benzinga.com/markets/offerings/25/06/45785682/chamath-palihapitiya-says-circle-ipo-valued-at-7-billion-means-its-a-genius-buy-for-coinbase-heres-why" target="_blank" rel="noreferrer noopener">Chamath Palihapitiya Says Circle IPO Valued At $7 Billion Means It&#8217;s A &#8216;Genius&#8217; Buy For Coinbase, Here&#8217;s Why</a>
<h2 class="wp-block-heading">Coinbase: The Middleman Minting Money</h2>
Coinbase, on the other hand, is the infrastructure play &#8211; less glam, more grit. It isn't chasing Bitcoin highs with treasury funds, but instead cashing in on trading fees, ETF custodianship, and its expanding Base blockchain. It's the backstage pass to the crypto show.
When Trump's pro-crypto win sent BTC flying, COIN popped 36%. A modest January bump followed Bitcoin's 2% move. Analysts like the stability. With a <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">consensus Buy rating</a> and growing ETF ties &#8211; $15 billion AUM inflows and counting &#8211; Coinbase is well-positioned for the long haul. Its $1 billion buyback announced last year is a cherry on top.
Still, Coinbase&#8217;s minimal Bitcoin holdings draw jabs from purists. But while MicroStrategy swings for home runs, Coinbase is playing the long game &#8211; consistent, diversified, and quietly raking in the chips.
<h2 class="wp-block-heading">Final Byte</h2>
Bitcoin's surge is minting winners &#8211; and MicroStrategy and Coinbase are riding different boards on the same crypto wave. 
One's a high-wire act with billions in BTC on the line. The other? A steady surfboarder cashing in on every wave.
Whether Bitcoin touches $200,000 or hits an air pocket, these two remain at the epicenter of crypto's most electrifying moment.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45798988/could-bitcoin-plummet-to-90000-soon">Could Bitcoin Plummet To $90,000 Soon?</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Bitcoin's Moonshot: Can MicroStrategy And Coinbase Keep Riding The Crypto Wave?

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), a stock popularized as a proxy for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), received mixed signals from key technical indicators Thursday.
What happened: According to the market analytics platform TradingView, the simple and exponential moving averages across and above the 30-day timeframe <a href="https://in.tradingview.com/symbols/NASDAQ-MSTR/technicals/">produced </a>a &#8220;Buy&#8221; signal for the stock.
A moving average calculates the average price of a financial instrument over a specific period. If the price is above the moving average, the trend is upward. If the price is below the moving average, the trend is downward. Traders use moving averages to identify entry and exit points.
Moreover, the Bull Bear Power indicator, which measures the strength of buyers and sellers, also signaled &#8220;Buy.&#8221;&nbsp;
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/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
InvestXOS, an investment-focused X account, said MSTR was building "serious momentum" with a potential cup and handle formation on the daily chart.
"If it somehow runs past $400 psychological level, we might see a huge, huge b/o," the analyst said, projecting potential price targets at $541, $566 and $582.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MicroStrategy <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> is getting some serious momentum here with this potential cup &amp; handle formation on daily chart&#8230;. if it somehow runs pass 400 psychological level, we might see a huge huge b/o&#8230;. measured move points to 541 566 582 IF b/o does happen&#8230;. <a href="https://t.co/aIvHbWFiKf">pic.twitter.com/aIvHbWFiKf</a>
&mdash; InvestXOS (@InvestXOS) <a href="https://twitter.com/InvestXOS/status/1930396429257695608?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The momentum indicators, however, painted a different story. The Moving Average Convergence Divergence indicator, which plots the relationship between two moving averages—typically a 12-day and a 26-day exponential moving average—flashed "Sell" for MSTR.
Meanwhile, the Relative Strength Index indicator used for spotting overbought or oversold conditions showed a ‘Neutral&#8217; reading for the stock.
On the derivative front, MSTR's Put/Call Ratio was 0.85 as of this writing,&nbsp; <a href="https://fintel.io/sopt/us/mstr">according </a>to Fintel, indicating that bullish bets outnumbered bearish bets.
Why It Matters: Strategy has been at the forefront of Bitcoin's corporate adoption, holding a BTC stockpile worth more than $60.8 billion as of this writing,&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to bitcointreasuries.net. 
The stock has seen significant volatility in the last eight months or so. &nbsp;Strategy&#8217;s <a href="https://in.benzinga.com/crypto/cryptocurrency/25/06/45722106/strategy-and-metaplanet-deepen-bitcoin-exposure-with-over-190-million-in-fresh-buys-amid-105k-market-level#:~:text=treasury%20reserve%20asset.-,Strategy%20Inc.,billion%20at%20current%20market%20prices.">corporate strategy of using debt and equity</a> to accumulate Bitcoin makes it highly sensitive to the apex cryptocurrency&#8217;s price swings.&nbsp;
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $104,905.99, up 0.88% 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>.&nbsp;
Shares of Strategy were up 0.41% in pre-market trading after closing 2.41% lower at $378.10 during Wednesday's regular trading session.
MSTR demonstrated a very high momentum score—a measure of the stock's relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. Want to see which stocks outperformed MSTR in this metric? Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<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="186" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05060907/Screenshot-2025-06-05-153848.png" alt="" class="wp-image-939506" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05060907/Screenshot-2025-06-05-153848.png 447w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05060907/Screenshot-2025-06-05-153848-300x125.png 300w" sizes="(max-width: 447px) 100vw, 447px" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45739199/american-politicians-dont-believe-bitcoin-can-co-exist-peacefully-with-the-dollar-says-this-popular-btc-maximalist-heres-why">American Politicians Don&#8217;t Believe Bitcoin Can &#8216;Co-Exist Peacefully&#8217; With The Dollar, Says This Popular BTC Maximalist: Here&#8217;s Why</a></li>
</ul>
Photo courtesy: PJ McDonnell / Shutterstock

Bitcoin Stock Strategy— Buy Or Sell? What Technicals Reveal For Michael Saylor's MSTR?

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>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/06/25</td>
<td>$142.00</td>
<td>$27.9K</td>
<td>47.1K</td>
<td>85.0K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$140.00</td>
<td>$68.0K</td>
<td>9.6K</td>
<td>25.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$120.00</td>
<td>$32.4K</td>
<td>10.1K</td>
<td>21.0K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$175.00</td>
<td>$30.3K</td>
<td>587</td>
<td>8.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$380.00</td>
<td>$25.2K</td>
<td>12.3K</td>
<td>7.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$200.00</td>
<td>$57.5K</td>
<td>15.6K</td>
<td>5.8K</td>
</tr>
<tr>
<td>WULF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.50</td>
<td>$31.9K</td>
<td>13.3K</td>
<td>5.6K</td>
</tr>
<tr>
<td>PSTG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$55.00</td>
<td>$37.5K</td>
<td>5.2K</td>
<td>4.1K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$110.00</td>
<td>$33.4K</td>
<td>6.9K</td>
<td>2.7K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$290.00</td>
<td>$89.9K</td>
<td>2.8K</td>
<td>2.7K</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 neutral, expiring in 1 day(s) on June 6, 2025. This event was a transfer of 220 contract(s) at a $142.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $126.0 per contract. There were 47138 open contracts at this strike prior to today, and today 85039 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 sweep with bearish sentiment. It expires in 1 day(s) on June 6, 2025. Parties traded 100 contract(s) at a $140.00 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 $68.0K, with a price of $680.0 per contract. There were 9601 open contracts at this strike prior to today, and today 25161 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 put option trade with bullish sentiment. It expires in 1 day(s) on June 6, 2025. Parties traded 200 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $162.0 per contract. There were 10131 open contracts at this strike prior to today, and today 21036 contract(s) were bought and sold. 
• Regarding FSLR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), we observe a call option trade with bearish sentiment. It expires in 8 day(s) on June 13, 2025. Parties traded 101 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $30.3K, with a price of $300.0 per contract. There were 587 open contracts at this strike prior to today, and today 8711 contract(s) were bought and sold. 
• 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 bullish, expiring in 1 day(s) on June 6, 2025. This event was a transfer of 79 contract(s) at a $380.00 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 $25.2K, with a price of $320.0 per contract. There were 12335 open contracts at this strike prior to today, and today 7376 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 call option trade that happens to be bearish, expiring in 1 day(s) on June 6, 2025. This event was a transfer of 197 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $57.5K, with a price of $292.0 per contract. There were 15606 open contracts at this strike prior to today, and today 5880 contract(s) were bought and sold. 
• Regarding WULF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on June 20, 2025. Parties traded 2130 contract(s) at a $4.50 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $31.9K, with a price of $15.0 per contract. There were 13398 open contracts at this strike prior to today, and today 5679 contract(s) were bought and sold. 
• For PSTG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>), we notice a call option sweep that happens to be bearish, expiring in 15 day(s) on June 20, 2025. This event was a transfer of 250 contract(s) at a $55.00 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 $37.5K, with a price of $150.0 per contract. There were 5217 open contracts at this strike prior to today, and today 4158 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a put option sweep with bullish sentiment. It expires in 43 day(s) on July 18, 2025. Parties traded 36 contract(s) at a $110.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.4K, with a price of $925.0 per contract. There were 6918 open contracts at this strike prior to today, and today 2738 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 15 day(s) on June 20, 2025. This event was a transfer of 249 contract(s) at a $290.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $89.9K, with a price of $359.0 per contract. There were 2883 open contracts at this strike prior to today, and today 2700 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.

CRWV

FSLR

PSTG

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. 
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>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$142.00</td>
<td>$31.8K</td>
<td>45.4K</td>
<td>64.7K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$200.00</td>
<td>$29.9K</td>
<td>8.1K</td>
<td>17.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$270.00</td>
<td>$46.4K</td>
<td>26.9K</td>
<td>8.7K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$22.00</td>
<td>$458.3K</td>
<td>6.4K</td>
<td>6.0K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$152.50</td>
<td>$28.9K</td>
<td>636</td>
<td>3.8K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$145.00</td>
<td>$131.6K</td>
<td>178</td>
<td>2.7K</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$11.00</td>
<td>$46.0K</td>
<td>19.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$385.00</td>
<td>$32.4K</td>
<td>1.1K</td>
<td>2.2K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$50.00</td>
<td>$188.5K</td>
<td>2.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$470.00</td>
<td>$48.0K</td>
<td>10.5K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on June 6, 2025. Parties traded 277 contract(s) at a $142.00 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 $31.8K, with a price of $115.0 per contract. There were 45457 open contracts at this strike prior to today, and today 64771 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 trade with bullish sentiment. It expires in 379 day(s) on June 18, 2026. Parties traded 10 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $29.9K, with a price of $2995.0 per contract. There were 8159 open contracts at this strike prior to today, and today 17498 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 16 day(s) on June 20, 2025. This event was a transfer of 55 contract(s) at a $270.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $46.4K, with a price of $845.0 per contract. There were 26971 open contracts at this strike prior to today, and today 8780 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 bullish, expiring in 107 day(s) on September 19, 2025. This event was a transfer of 2976 contract(s) at a $22.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $458.3K, with a price of $154.0 per contract. There were 6425 open contracts at this strike prior to today, and today 6038 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 sweep that happens to be bearish, expiring in 2 day(s) on June 6, 2025. This event was a transfer of 31 contract(s) at a $152.50 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 $28.9K, with a price of $935.0 per contract. There were 636 open contracts at this strike prior to today, and today 3882 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on June 13, 2025. This event was a transfer of 250 contract(s) at a $145.00 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 $131.6K, with a price of $528.0 per contract. There were 178 open contracts at this strike prior to today, and today 2796 contract(s) were bought and sold. 
• For SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we notice a call option sweep that happens to be bearish, expiring in 44 day(s) on July 18, 2025. This event was a transfer of 500 contract(s) at a $11.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $46.0K, with a price of $92.0 per contract. There were 19040 open contracts at this strike prior to today, and today 2457 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 put option trade with bearish sentiment. It expires in 2 day(s) on June 6, 2025. Parties traded 55 contract(s) at a $385.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $590.0 per contract. There were 1143 open contracts at this strike prior to today, and today 2241 contract(s) were bought and sold. 
• For MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we notice a call option sweep that happens to be bullish, expiring in 107 day(s) on September 19, 2025. This event was a transfer of 100 contract(s) at a $50.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $188.5K, with a price of $1885.0 per contract. There were 2164 open contracts at this strike prior to today, and today 1611 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 sweep with bearish sentiment. It expires in 16 day(s) on June 20, 2025. Parties traded 120 contract(s) at a $470.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $400.0 per contract. There were 10518 open contracts at this strike prior to today, and today 1401 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.

INTC

MRVL

QCOM

SOUN

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

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. 
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>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/06/25</td>
<td>$139.00</td>
<td>$88.5K</td>
<td>73.0K</td>
<td>63.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$132.00</td>
<td>$30.5K</td>
<td>5.8K</td>
<td>17.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$116.00</td>
<td>$26.3K</td>
<td>10.7K</td>
<td>14.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$395.00</td>
<td>$28.0K</td>
<td>8.7K</td>
<td>10.9K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$257.50</td>
<td>$79.5K</td>
<td>318</td>
<td>3.4K</td>
</tr>
<tr>
<td>HPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$22.00</td>
<td>$45.0K</td>
<td>5.9K</td>
<td>3.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$20.00</td>
<td>$30.2K</td>
<td>14.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$482.50</td>
<td>$46.5K</td>
<td>12</td>
<td>1.7K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/06/25</td>
<td>$150.00</td>
<td>$124.9K</td>
<td>189</td>
<td>1.2K</td>
</tr>
<tr>
<td>TWLO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$110.00</td>
<td>$336.0K</td>
<td>436</td>
<td>801</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with neutral sentiment. It expires in 3 day(s) on June 6, 2025. Parties traded 250 contract(s) at a $139.00 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 $88.5K, with a price of $354.0 per contract. There were 73075 open contracts at this strike prior to today, and today 63487 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 call option sweep that happens to be bearish, expiring in 3 day(s) on June 6, 2025. This event was a transfer of 86 contract(s) at a $132.00 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 $30.5K, with a price of $355.0 per contract. There were 5849 open contracts at this strike prior to today, and today 17245 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 3 day(s) on June 6, 2025. Parties traded 100 contract(s) at a $116.00 strike. The total cost received by the writing party (or parties) was $26.3K, with a price of $263.0 per contract. There were 10787 open contracts at this strike prior to today, and today 14656 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 trade with bullish sentiment. It expires in 3 day(s) on June 6, 2025. Parties traded 50 contract(s) at a $395.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $560.0 per contract. There were 8701 open contracts at this strike prior to today, and today 10937 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option trade that happens to be bullish, expiring in 3 day(s) on June 6, 2025. This event was a transfer of 100 contract(s) at a $257.50 strike. The total cost received by the writing party (or parties) was $79.5K, with a price of $795.0 per contract. There were 318 open contracts at this strike prior to today, and today 3414 contract(s) were bought and sold. 
• Regarding HPE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), we observe a call option sweep with bullish sentiment. It expires in 108 day(s) on September 19, 2025. Parties traded 1000 contract(s) at a $22.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $45.0 per contract. There were 5974 open contracts at this strike prior to today, and today 3034 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a put option sweep with bearish sentiment. It expires in 136 day(s) on October 17, 2025. Parties traded 149 contract(s) at a $20.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $203.0 per contract. There were 14210 open contracts at this strike prior to today, and today 1905 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on June 6, 2025. This event was a transfer of 30 contract(s) at a $482.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $1550.0 per contract. There were 12 open contracts at this strike prior to today, and today 1771 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 sweep with bearish sentiment. It expires in 3 day(s) on June 6, 2025. Parties traded 100 contract(s) at a $150.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $124.9K, with a price of $1250.0 per contract. There were 189 open contracts at this strike prior to today, and today 1264 contract(s) were bought and sold. 
• Regarding TWLO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), we observe a call option sweep with bullish sentiment. It expires in 45 day(s) on July 18, 2025. Parties traded 300 contract(s) at a $110.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $336.0K, with a price of $1120.0 per contract. There were 436 open contracts at this strike prior to today, and today 801 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.

TWLO

WIIM

MicroStrategy shares are trading higher after the company announced it intends to conduct an initial public offering of 2.5 million shares of 10% Series A Perpetual Stride Preferred Stock.

Michael Saylor's Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the world's largest corporate holder of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Monday introduced a new preferred stock product: Series A Stride Preferred (STRD) is designed to provide a <a href="https://www.benzinga.com/crypto/25/06/45718471/michael-saylors-strategy-outperforms-apple-tesla-amazon-and-other-mag-7-stocks-and-its-not-even-close-has-the-bitcoin-treasury-bet-paid-off">high-yield return for long-term investors.</a>
The STRD <a href="https://x.com/saylor/status/1929871463521136697">offering</a> marks the company's third preferred instrument as it continues building a structured and diversified capital stack anchored in Bitcoin exposure.
STRD delivers a fixed 10% dividend with perpetual duration and ranks below Strategy's senior preferred instrument (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRF#NASDAQ">STRF</a>), but above the firm's common equity.
It is structured to sit at the riskier end of the firm's yield curve but compensates investors with its highest payout to date among Strategy's preferred options.
Unlike (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRF#NASDAQ">STRF</a>), which prioritizes capital preservation and mimics the risk profile of investment-grade fixed income, STRD is intended for investors seeking higher returns despite increased subordination.
Meanwhile, Strategy's other product STRK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRK#NASDAQ">STRK</a>) offers an 8% dividend and the added benefit of convertibility, placing it squarely between STRF and STRD in terms of both yield and risk.
Strategy's common stock MSTR remains the base layer of its capital stack, functioning as the firm's core vehicle for leveraged Bitcoin exposure.
The STRD issuance is non-callable in typical market conditions, though it may be repurchased if certain events occur, such as a major corporate restructuring or tax-related change. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45744569/michael-saylors-strategy-to-outperform-bitcoin-heres-how-it-could-happen">Michael Saylor&#8217;s Strategy To Outperform Bitcoin? Here&#8217;s How It Could Happen</a>
Dividends will be distributed quarterly, in cash, but only at the discretion of the board.
The firm claims STRD compares favorably to other high-yield investment vehicles on the market. 
For example, unlike ETFs such as iShares Preferred &amp; Income Securities ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFF#NASDAQ">PFF</a>) and iShares Broad USD High Yield Corporate Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USHY#NASDAQ">USHY</a>), STRD carries no management fees and offers a stronger yield proposition: 10% versus 7–8% for its ETF counterparts, while maintaining comparable volatility.
This new product aligns with Strategy's broader push to merge structured financial instruments with crypto exposure. 
The goal: deliver yield, diversification and exposure to digital assets in formats that fit traditional investment portfolios.
According to the company, the launch of STRD further extends its commitment to modernizing capital formation strategies using a layered and yield-tiered approach rooted in both crypto conviction and financial discipline.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/06/45741645/ethereum-books-record-institutional-inflows-xrp-sees-outflows-what-is-going-on">Ethereum Books Record Institutional Inflows, XRP Sees Outflows: What Is Going On?</a></li>
</ul>
Image: Shutterstock

iShares S&P US Preferred Stock Index Fund

STRF

STRK

USHY

Strategy Launches STRD Preferred Stock Offering 10% Yield

Pantera Capital has highlighted Digital Asset Treasury (DAT) companies as the next evolution in crypto market exposure, potentially outperforming direct spot Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">purchases over time</a>.
What Happened: These publicly listed firms, which include pioneers like Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), are capitalizing on market volatility and investor demand to grow Bitcoin-per-share (BPS) at rates unmatched by static holdings.
In a blog post, Cosmo Jiang, General Partner at Pantera, <a href="https://panteracapital.com/blockchain-letter/a-new-frontier-for-crypto-exposure/">laid</a> out the case: "If MSTR can raise capital and grow BPS 50% per year (last year it grew 74%), by the end of year two you would have 1.1 BTC – more than if you had simply bought spot."
Jiang emphasized that irrational markets, high stock volatility and financially savvy management teams enable these companies to raise capital efficiently through convertible bonds or option strategies, translating market premiums into asset growth.
"There is a fundamental case to invest in Digital Asset Treasury companies and to justify why they may trade at a premium to its underlying net asset value," he wrote.
DATs have emerged as key entry points for institutional investors previously sidelined by the complexities of digital wallets, custody, or exchange regulations. 
According to Pantera, these vehicles function as "equities-first" onramps that replicate the crypto exposure of holding native tokens without requiring investors to leave traditional finance rails.
"Strong demand for products like MSTR, the ETFs, and the new wave of DATs suggest a large pool of capital had been sidelined by the onboarding complexities of crypto-native products," Jiang noted.
By transforming BTC and other tokens into tradable equity shares, DATs unlock dormant capital that may have hesitated at regulatory, technical, or custody barriers. 
This includes funds like Capital Group and Norges Bank, both of which now hold MSTR.
Unlike ETFs, which can issue and redeem shares to reflect supply and demand, DATs behave more like closed-end funds. 
Capital inflows are locked into the company's treasury, creating a one-way absorption of BTC or other digital assets with limited outflows. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45722106/strategy-and-metaplanet-deepen-bitcoin-exposure-with-over-190-million-in-fresh-buys-amid-105k-market-level">Strategy And Metaplanet Deepen Bitcoin Exposure With Over $190 Million In Fresh Buys Amid $105K Market Level</a>
Why It Matters: This has potential price implications for the underlying tokens.
"Coins held by ETFs can dissipate as easily as they accumulate… [but] purchases into these vehicles effectively lock supply away," Jiang wrote.
Pantera's investments span several major DAT players, including:
<ul class="wp-block-list">
<li>Twenty One Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEP#NASDAQ">CEP</a>) – Led by Jack Mallers and backed by Tether, Softbank, and Cantor Fitzgerald, it aims to replicate MSTR's BTC-centric model at a nimbler scale.</li>
<li>DeFi Development Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFDV#NASDAQ">DFDV</a>) – The first Solana-based DAT, offering exposure to a more volatile, earlier-stage blockchain with staking yield benefits.</li>
<li>Sharplink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) – The first Ethereum-focused DAT in the U.S., backed by Consensys, allowing access to the Ethereum ecosystem via traditional markets.</li>
</ul>
Pantera claims these early bets have already shown traction and market validation, fueling a broader stream of entrants following the model.
The report also points to a second macro tailwind reinforcing the DAT thesis: the rise of fiat-backed stablecoins as a strategic U.S. financial tool. 
With 98% of the $250 billion stablecoin market backed by dollars, products like USDT (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) are not only driving global financial inclusion but also providing fresh demand for U.S. Treasuries, many of which underpin DAT reserves.
"Blockchains are supercharging the dollar… enabling fast, low-cost, programmable value transfer," Pantera's Erik Lowe wrote, adding that stablecoins now serve as "a global distribution channel for U.S. debt."
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45718946/ethereum-books-record-institutional-inflows-xrp-sees-outflows-what-is-going-on">Ethereum Books Record Institutional Inflows, XRP Sees Outflows: What Is Going On?</a></li>
</ul>
Image: Shutterstock

$USDC

$USDT

DFDV

SBET

Michael Saylor's Strategy To Outperform Bitcoin? Here's How It Could Happen

Influential trader Justin Bennett raised alarm over Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trajectory on Monday as whales increased their short exposure against retail investors.
What Happened:&nbsp;Bennett took to X, drawing attention to a bearish signal for the leading cryptocurrency. 
He highlighted that the whale vs retail delta indicator, sourced from cryptocurrency analytics platform Hyblock, which had been trending sideways or slightly higher, was now trending lower.
&#8220;Translation: Whales are once again increasing their BTC short exposure vs. retail,&#8221; Bennett stated. &#8220;Not a great sign for Bitcoin.&#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">Not a great sign for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. The <a href="https://twitter.com/hyblockcapital?ref_src=twsrc%5Etfw">@hyblockcapital</a> whale vs. retail delta was trending sideways to slightly higher, but is back to trending lower again. Translation: Whales are once again increasing their <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> short exposure vs. retail. &#x1f480; <a href="https://t.co/7rdQWFxKHg">https://t.co/7rdQWFxKHg</a> <a href="https://t.co/f5mfE4FE9f">pic.twitter.com/f5mfE4FE9f</a>
&mdash; Justin Bennett (@JustinBennettFX) <a href="https://twitter.com/JustinBennettFX/status/1929616727383458191?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The whale vs retail delta indicator is used to spot large gaps between retail longs and whale longs. This indicator ranges from -100 to 100. Very high (or positive) values indicate that whales are having higher long exposure than retail and vice versa.
A dip could mean that whales are increasing their short exposure. Since they control large amounts of cryptocurrency, whales have a greater power to influence market movements than retail.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45727395/tom-lee-predicts-bitcoin-to-hit-250000-by-end-of-2025-3m-long-term" target="_blank" rel="noreferrer noopener">Tom Lee Predicts Bitcoin To Hit $250,000 By End Of 2025, $3M Long Term</a>
Data from Coinglass <a href="https://www.coinglass.com/TopTrader/Binance">corroborated </a>these findings. About 54% of the whale accounts on Binance were long on the Apex Crypto as of this writing, down from 56% on May 31.
Why It Matters:&nbsp;Bennett&#8217;s remarks come as <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy">Bitcoin took a sharp U-turn</a> after surging past $106,000 overnight Monday. 
U.S.-China trade disputes continued to weigh on market sentiment. China rejected President&nbsp;Donald Trump's<a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation" target="_blank" rel="noreferrer noopener">&nbsp;allegations of violating the Geneva trade pact</a>.&nbsp;
Interestingly, Bitcoin continued to gain traction among institutional investors, with companies like&nbsp;Strategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Japan-based Metaplanet <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45722106/strategy-and-metaplanet-deepen-bitcoin-exposure-with-over-190-million-in-fresh-buys-amid-105k-market-level">significantly expanding</a> their Bitcoin holdings.
Price Action:  At the time of writing, BTC was exchanging hands at $105,358.42, up 0.26% 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>. 
Photo Courtesy: Antonio Gravante On Shutterstock.com 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/24/12/42716275/crypto-analyst-foresees-dogecoin-price-rebound-as-whales-increase-holdings" target="_blank" rel="noreferrer noopener">Crypto Analyst Foresees Dogecoin Price Rebound As Whales Increase Holdings</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

This Isn't A 'Great Sign' For Bitcoin, Says Top Currency Trader: 'Whales Are Once Again....'

Strategy&#x2122; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>, STRK, STRF))) today announced that, subject to market and other conditions, it intends to conduct an initial public offering registered under the Securities Act of 1933, as amended (the "Securities Act"), of 2,500,000 shares of Strategy's 10.00% Series A Perpetual Stride Preferred Stock (the "STRD Stock").
Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.
Dividends on shares of the STRD Stock will not be mandatory. Holders of the STRD Stock will be entitled to receive non-cumulative dividends at a rate per annum equal to 10.00% on the stated amount (as defined below) thereof, out of funds legally available for their payment to the extent paid in cash, only when, as, and if declared by our board of directors or any duly authorized committee thereof. If declared, regular dividends on the STRD Stock will be payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on September 30, 2025. Since regular dividends are not cumulative, Strategy will not have any obligation to pay any regular dividend for any regular dividend period unless Strategy declares such regular dividend prior to the regular dividend payment date for such regular dividend period. No dividend, interest or other amount will accumulate or accrue on any unpaid regular dividends, regardless of whether regular dividends are declared for any future regular dividend period. Declared regular dividends on the STRD Stock will be payable solely in cash in the manner, and subject to the provisions, described in the prospectus supplement for the offering.
Strategy will have the right, at its election, to redeem all, but not less than all, of the STRD Stock, at any time, for cash if the total number of shares of all STRD Stock then outstanding is less than 25% of the total number of shares of STRD Stock originally issued in the offering and in any future offering, taken together. In addition, Strategy will have the right to redeem all, but not less than all, of the STRD Stock if certain tax events occur. The redemption price for any STRD Stock to be redeemed will be a cash amount equal to the liquidation preference of the STRD Stock to be redeemed as of the business day before the date on which Strategy sends the related redemption notice, plus declared and unpaid regular dividends, if any, that will have accrued to, but excluding, the redemption date (and without payment of any undeclared regular dividends).
If an event that constitutes a "fundamental change" under the certificate of designations governing the STRD Stock occurs, then, holders of the STRD Stock will have the right to require Strategy to repurchase some or all of their shares of STRD Stock at a cash repurchase price equal to the stated amount of the STRD Stock to be repurchased, plus declared and unpaid regular dividends, if any, that will have accrued to, but excluding the fundamental change repurchase date (and without payment of any undeclared regular dividends).
The liquidation preference of the STRD Stock will initially be $100 per share (the "stated amount"). Effective immediately after the close of business on each business day after the initial issue date (and, if applicable, during the course of a business day on which any sale transaction to be settled by the issuance of STRD Stock is executed, from the exact time of the first such sale transaction during such business day until the close of business of such business day), the liquidation preference per share will be adjusted to be the greatest of (i) the stated amount per share of STRD Stock; (ii) in the case of any business day with respect to which Strategy has, on such business day or any business day during the ten trading day period preceding such business day, executed any sale transaction to be settled by the issuance of STRD Stock, an amount equal to the last reported sale price per share of STRD Stock on the trading day immediately before such business day; and (iii) the arithmetic average of the last reported sale prices per share of STRD Stock for each trading day of the ten consecutive trading days (or, if applicable, the lesser number of trading days as have elapsed during the period from, and including, the initial issue date to, but excluding, such business day) immediately preceding such business day.

Offerings

Strategy Announces Plans For IPO Of 2.5M Shares Of 10% Series A Perpetual Stride Preferred Stock (STRD) To Fund Bitcoin Acquisitions And Corporate Operations

Two of the most aggressive corporate Bitcoin acquirers, Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Japan-based Metaplanet, expanded their holdings significantly in early June, reinforcing the growing institutional embrace of Bitcoin as a treasury reserve asset.
Strategy Inc. <a href="https://www.strategy.com/press/strategy-acquires-705-btc-and-now-holds-580-955-btc_06-02-2025">announced </a>the purchase of 705 additional Bitcoin for approximately $75 million. 
Acquired at an average price of $106,495 per coin, the transaction lifts the firm's total Bitcoin holdings to 580,955 BTC, valued at roughly $60 billion at current market prices. 
The acquisition was financed through equity sales, specifically via at-the-market offerings of its perpetual preferred shares STRK and STRF, raising a combined $74.6 million.
Metaplanet, meanwhile, <a href="https://contents.xj-storage.jp/xcontents/33500/ecf0abd9/8e80/42de/b7d2/85b6fd49fd52/140120250602575945.pdf">disclosed </a>a fresh buy of 1,088 BTC for 16.89 billion yen (approximately $117.5 million), bringing its total holdings to 8,888 BTC. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45718946/ethereum-books-record-institutional-inflows-xrp-sees-outflows-what-is-going-on">Ethereum Books Record Institutional Inflows, XRP Sees Outflows: What Is Going On?</a>
The firm's average purchase price for the recent tranche was around $108,051. This marks one of the company&#8217;s largest single purchases since it adopted a formal Bitcoin treasury policy in April 2024.
To finance the acquisition without shareholder dilution, Metaplanet issued $50 million in zero-interest bonds last week. 
The company has added 7,126 BTC in 2025 alone and remains on pace to meet its target of 10,000 BTC by year-end. 
Metaplanet also reported a year-to-date BTC yield of 66.3%, with unrealized gains of approximately 2,684 BTC or 40.5 billion yen.
Together, the two firms have deployed over $190 million in recent days, underscoring a growing trend of corporate Bitcoin accumulation amid persistent inflation and heightened fiat volatility. 
Both companies are now entrenched among the top global corporate BTC holders, with Strategy holding the top position overall and Metaplanet leading in Asia.
Bitcoin remained stable around the $105,000 mark during Asian trading hours, showing limited movement despite the surge in corporate acquisitions.
Read Next: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45718017/nothing-stops-this-train-us-fiscal-deficits-drive-bitcoins-case-as-a-hedge-says-lyn-alden">&#8216;Nothing Stops This Train&#8217;: US Fiscal Deficits Drive Bitcoin&#8217;s Case As A Hedge, Says Lyn Alden</a>
Photo: Shutterstock

Strategy And Metaplanet Deepen Bitcoin Exposure With Over $190 Million In Fresh Buys Amid $105K Market Level

The co-founder and executive chairman of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Michael Saylor, isn&#8217;t shying away from showcasing the success of his &#8216;Bitcoin Treasury&#8217; gambit, which is now several years in the making, with a handful of copy-cats in the fray.
What Happened: On Sunday, Saylor took to X, sharing a chart showing the 3-month performance of different stocks, commodities, and cryptocurrencies, which of course, included Microstrategy, which now conducts business under the brand name of &#8216;Strategy.&#8217;
The chart shows the company&#8217;s 44% 3-month return, far outpacing the Magnificent 7 stocks, which, barring Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are either flat or have witnessed steep declines during this period.
Here&#8217;s a comparison between Strategy Inc. and each of the &#8216;Mag 7&#8217; stocks over the past three months, as well as their year-to-date performance.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td class="has-text-align-center" data-align="center">-15.61%</td>
<td class="has-text-align-center" data-align="center">-17.63%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td class="has-text-align-center" data-align="center">+18.49%</td>
<td class="has-text-align-center" data-align="center">+9.98%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td class="has-text-align-center" data-align="center">+2.48%</td>
<td class="has-text-align-center" data-align="center">-9.33%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td class="has-text-align-center" data-align="center">+18.47%</td>
<td class="has-text-align-center" data-align="center">-2.30%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">+21.71%</td>
<td class="has-text-align-center" data-align="center">-8.65%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td class="has-text-align-center" data-align="center">-1.15%</td>
<td class="has-text-align-center" data-align="center">+8.05%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td class="has-text-align-center" data-align="center">Flat</td>
<td class="has-text-align-center" data-align="center">-6.91%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">&#8216;Pharma Bro&#8217; Martin Shkreli Sees $10 Trillion Potential In Palantir, But Cautions: &#8216;One Bad Quarter And It&#8217;s Down 50%&#8217;</a>
The stock has outpaced even Gold, tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq, and the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Most importantly, however, the stock has outpaced Bitcoin, which grew 22% during these three months, or just about half of what Strategy has delivered to its investors.
Saylor showcased this performance while cheekily writing &#8220;your portfolio needs a strategy&#8221; in his X post. Replies to the post, however, pointed out that he conveniently missed out on Bitcoin miner, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), and GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), another treasury firm, which have posted returns of 2.4% and 22.13% during this period.
<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">Your portfolio needs a Strategy. <a href="https://t.co/TbtnJ9E1qT">pic.twitter.com/TbtnJ9E1qT</a>
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1929237352834085223?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This is rather surprising, since the company&#8217;s rise to prominence in recent years has been tied entirely to it becoming a proxy for Bitcoin. Starting in 2020, when it first pioneered the concept of corporate &#8220;Bitcoin Treasury,&#8221; the stock has since been <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40155839/bitcoin-development-company-microstrategy-plunges-almost-15-in-pre-market-whats-going-on">referred to as</a> a &#8220;Bitcoin Development Company.
However, it has long traded at a premium to its Bitcoin holdings, at 256% during November last year, which analysts attributed to its &#8220;Bitcoin Yield Strategy.&#8221; This is a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">controversial performance indicator</a> that highlights the ratio between its Bitcoin holdings and diluted equity shares.
According <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-deconstructing-strategy-mstr-premium-leverage-and-capital-structure/">to</a> a report by VanEck, Strategy still trades at a 112% premium to the face value of its Bitcoin holdings, which it attributes to the leverage it employs by issuing convertible debt and equity to fund its aggressive Bitcoin purchases.
In recent months, as tech stocks, along with broader markets, reel from trade and tariff-related uncertainties, Strategy continues to gain, with rising Bitcoin prices, which investors look upon as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44787283/is-bitcoin-a-safe-haven-if-ray-dalios-worse-than-a-recession-warning-comes-true">potential safe haven</a> during a recession.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">3 Month Performance</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</td>
<td class="has-text-align-center" data-align="center">+47.08%</td>
<td class="has-text-align-center" data-align="center">+23.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Roundhill Magnificent Seven ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>)</td>
<td class="has-text-align-center" data-align="center">+5.73%</td>
<td class="has-text-align-center" data-align="center">-3.34%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)</td>
<td class="has-text-align-center" data-align="center">+2.39%</td>
<td class="has-text-align-center" data-align="center">-17.95%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)</td>
<td class="has-text-align-center" data-align="center">+22.13%</td>
<td class="has-text-align-center" data-align="center">-2.80%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Blockchain &amp; Bitcoin Strategy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITS#NASDAQ">BITS</a>)</td>
<td class="has-text-align-center" data-align="center">+10.55%</td>
<td class="has-text-align-center" data-align="center">-8.53%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</td>
<td class="has-text-align-center" data-align="center">+21.59%</td>
<td class="has-text-align-center" data-align="center">+7.39%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Shares of Strategy were down 0.43% on Friday, trading at $369.06, and are down 0.09% after hours on Monday.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png" alt="" class="wp-image-934885" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02055208/Screenshot-2025-06-02-at-3.21.49-PM.png 1618w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Strategy scores high on Momentum, but low on all other metrics. It does, however, feature a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/06/45716143/trump-administration-set-to-ease-big-bank-rules-in-major-rollback-since-2008-crisis-here-are-the-stocks-and-etfs-investors-could-consider">Trump Administration Set To Ease Big Bank Rules In Major Rollback Since 2008 Crisis: Here Are The Stocks And ETFs Investors Could Consider</a></li>
</ul>
Photo courtesy: PJ McDonnell / Shutterstock.com

Michael Saylor's Strategy Outperforms Apple, Tesla, Amazon And Other Mag 7 Stocks And It's Not Even Close: Has The 'Bitcoin Treasury' Bet Paid Off?

Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor expressed interest Saturday in discussing Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) with popular podcaster Joe Rogan.
What Happened:&nbsp;In an X post, Saylor wrote, &#8220;Hey Joe Rogan, let&#8217;s talk about Bitcoin.&#8221;
The comment came in response to a fan-run account&#8217;s question to X users about who they&#8217;d like to see Rogan interview that he hasn&#8217;t before.
Rogan, one of the world&#8217;s most successful podcasters, has interviewed influential figures like tech mogul&nbsp;Elon Musk, boxing legend&nbsp;Mike Tyson and President&nbsp;Donald Trump on his "The Joe Rogan Experience" show. As of this writing, his YouTube channel has nearly 20 million subscribers.
<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">Hey <a href="https://twitter.com/joerogan?ref_src=twsrc%5Etfw">@JoeRogan</a>, let&#39;s talk about Bitcoin.
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1928931268852412704?ref_src=twsrc%5Etfw">May 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In other news, Saylor hinted on X that his firm Strategy would continue to pile on BTC in the coming week. 
&#8220;Orange is my Preferred Color,&#8221; he wrote,<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45188974/michael-saylor-hints-more-btc-purchases-on-the-way-as-mstr-surges-47-in-a-month-too-much-blue-not-enough-orange"> typical of his Sunday posts</a> which have almost always preceded Bitcoin purchases the following Monday.
As of this writing, Strategy's Bitcoin stockpile has grown to 580,250 BTC, worth nearly $61 billion, with an unrealized profit of 50%,&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to&nbsp;&nbsp;bitcointreasuries.com.
<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">Orange is my Preferred Color <a href="https://t.co/rc9JIcJOAT">pic.twitter.com/rc9JIcJOAT</a>
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1929152786186301755?ref_src=twsrc%5Etfw">June 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/cannabis/25/06/45713578/jerome-powell-to-step-down-x-abuzz-with-rumors-but-polymarket-bettors-are-not-buying-it" target="_blank" rel="noreferrer noopener">Jerome Powell To Step Down? X Abuzz With Rumors, But Polymarket Bettors Are Not Buying It</a>
Why It Matters:&nbsp;The proposed discussion holds significance in light of Rogan&#8217;s known interest in Bitcoin. The podcast host has previously <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35139978/joe-rogan-tells-sam-altman-that-bitcoin-can-become-a-universal-viable-currency-admits-cbdc" target="_blank" rel="noreferrer noopener">called Bitcoin the &#8220;real fascinating cryptocurrency</a>&#8221; and one with the most likelihood of becoming a &#8220;universal viable currency.&#8221;
In fact, back in April 2014, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42229486/joe-rogans-bitcoin-pile-has-grown-over-30000-in-value-but-he-hasnt-sold-conviction-based-hodling-or-has-the-podcast-king-lost-his-keys">Rogan publicly shared details</a> of his Bitcoin address, which as of this writing has a balance of 5.243 BTC, translating to $550,362.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $104,971, up 0.52% 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 closed 0.39% closer at $369.20 during Friday&#8217;s regular session. The stock has returned over 27% year-to-date.
MSTR exhibited a very high momentum score—a measure of the stock&#8217;s relative strength based on its price movement patterns and volatility over multiple timeframes—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 view the top ten stocks with the highest momentum scores.
<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="517" height="200" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02024043/Screenshot-2025-06-02-121027.png" alt="" class="wp-image-934601" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02024043/Screenshot-2025-06-02-121027.png 517w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02024043/Screenshot-2025-06-02-121027-300x116.png 300w" sizes="(max-width: 517px) 100vw, 517px" /></a></figure>
Photo Courtesy: Rokas Tenys on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45712312/michael-saylor-called-scaramucci-from-a-yacht-and-it-changed-the-ending-of-his-book" target="_blank" rel="noreferrer noopener">Michael Saylor Called Scaramucci From a Yacht and It Changed the Ending of His Book</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Michael Saylor Asks Joe Rogan For A Chat: 'Let's Talk About 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 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. 
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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$135.00</td>
<td>$25.5K</td>
<td>63.7K</td>
<td>165.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$124.00</td>
<td>$35.1K</td>
<td>2.9K</td>
<td>28.7K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$235.00</td>
<td>$25.2K</td>
<td>2.3K</td>
<td>6.1K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$450.00</td>
<td>$142.3K</td>
<td>2.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$600.00</td>
<td>$95.3K</td>
<td>5.4K</td>
<td>150</td>
</tr>
<tr>
<td>FICO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$1440.00</td>
<td>$104.1K</td>
<td>9</td>
<td>3</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 300 contract(s) at a $135.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $85.0 per contract. There were 63798 open contracts at this strike prior to today, and today 165117 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 sweep that happens to be bullish, is expiring today. Parties traded 585 contract(s) at a $124.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $60.0 per contract. There were 2969 open contracts at this strike prior to today, and today 28728 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 200 contract(s) at a $235.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $126.0 per contract. There were 2314 open contracts at this strike prior to today, and today 6190 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on June 20, 2025. This event was a transfer of 219 contract(s) at a $450.00 strike. This particular call needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $142.3K, with a price of $650.0 per contract. There were 2267 open contracts at this strike prior to today, and today 1076 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 trade with bearish sentiment. It expires in 112 day(s) on September 19, 2025. Parties traded 75 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $95.3K, with a price of $1271.0 per contract. There were 5440 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold. 
• Regarding FICO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>), we observe a call option trade with bearish sentiment. It expires in 77 day(s) on August 15, 2025. Parties traded 3 contract(s) at a $1440.00 strike. The total cost received by the writing party (or parties) was $104.1K, with a price of $34730.0 per contract. There were 9 open contracts at this strike prior to today, and today 3 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.

FICO

6 Information Technology Stocks Whale Activity In Today's Session

Strategy co-founder Michael Saylor took a dig at economist Peter Schiff on Thursday while highlighting Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) superiority over all assets, including gold.
What Happened:&nbsp;Speaking at the Bitcoin 2025 conference, Saylor said that Bitcoin is &#8220;engineered to outperform&#8221; all capital assets in the world.
&#8220;It&#8217;s going to grow faster than the S&amp;P, it&#8217;s going to appreciate faster than gold. Sorry, Peter!&#8221; Saylor poked fun at Schiff, a long-time gold advocate.
Schiff was quick to react, taking satisfaction in the fact that Saylor recognized him as the &#8220;world&#8217;s leading&#8221; gold advocate. 
&#8220;It&#8217;s just too bad he still refuses to debate gold versus Bitcoin with me,&#8221; Schiff said.
<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">At least <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@Saylor</a> knows who the world&#39;s leading gold advocate is. It&#39;s just too bad he still refuses to debate gold verses Bitcoin with me. <a href="https://t.co/EAQBG7tTDg">https://t.co/EAQBG7tTDg</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1928285011364425844?ref_src=twsrc%5Etfw">May 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45469069/lendr-fi-launches-liquid-staked-real-world-asset-tokens" target="_blank" rel="noreferrer noopener">Lendr.fi Launches Liquid-Staked Real-World Asset Tokens</a>
Why It Matters:&nbsp;The friendly banter comes after Eric Trump, executive vice president of The Trump Organization, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45661653/eric-trump-reveals-advice-from-michael-saylor-mortgage-mar-a-lago-and-take-2-billion-to-invest-in-bitcoin">praised Saylor&#8217;s Bitcoin optimism</a> and said that the cryptocurrency space is &#8220;fortunate&#8221; to have him.
Saylor, one of the most ardent supporters of Bitcoin, has put his money where his mouth is. His company Strategy is at the forefront of Bitcoin&#8217;s corporate adoption, owning a BTC stockpile worth more than $61 billion as of this writing, <a href="https://bitcointreasuries.net/">according</a> to bitcointreasuries.net.
Schiff, on the other hand, maintains that gold&#8217;s proven track record <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44332557/peter-schiff-teases-michael-saylor-apex-predator-gold-has-outperformed-bitcoin-by-24-since-2021">makes it a more reliable investment</a>. Interestingly, Schiff<a href="https://www.benzinga.com/markets/25/05/45685886/jd-vance-said-bitcoin-created-wealth-peter-schiff-says-it-did-no-such-thing-what-has-happened-is-a-m"> participated in the Bitcoin conference</a> to represent an opposing view about the asset.
Price Action: At the time of writing, Bitcoin was exchanging hands at $105,293.46, down 2.95% 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>. In the last year, the asset gained over 55%.
Spot gold traded at $3,295.79 per ounce as of this writing. The yellow metal rose 41% over the last year.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45611404/anthony-scaramucci-remains-firm-on-bitcoin-as-the-best-investment-idea-even-as-the-largest-crypto-hovers-around-109000">Anthony Scaramucci Remains Firm On Bitcoin As The Best Investment Idea Even As The Largest Crypto Hovers Around $109,000</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo courtesy: Shutterstock

Michael Saylor Says Bitcoin Is 'Engineered To Outperfom' And 'Going To Go Faster Than Gold:' Peter Schiff Says 'He Still Refuses To Debate...'

Strategy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock premium, with a 0.52 correlation and 1.77 beta to Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price, positions it as a key leveraged proxy for <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45676010/michael-saylor-says-strategys-anti-fragile-structure-makes-trading-below-net-asset-value-good-for-me">risk asset investors</a>, according to a VanEck report.
What Happened: The <a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-deconstructing-strategy-mstr-premium-leverage-and-capital-structure/">report</a> highlights MSTR's strategy of issuing equity and debt to amass Bitcoin, currently holding 2.7% of the cryptocurrency's total supply, valued at $61 billion.
"MSTR's common equity currently trades at a premium (+112%) to the combined value of its BTC NAV and Strategy's underlying software business," the report states, attributing this premium to expectations of future Bitcoin accumulation, regulatory advantages, and speculative trading. 
This premium drives 96.5% of MSTR's returns and 87.5% of its volatility, with the stock's 30-day volatility at 113%, compared to Bitcoin's 55%.
MSTR's capital structure, including convertible bonds and preferred shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRK#NASDAQ">STRK</a>) and (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRF#NASDAQ">STRF</a>), introduces complexity and risk. 
The company has raised $28.7 billion since August 2024 to grow its Bitcoin holdings from 226,000 to 555,450 BTC.
Its $84 billion capital plan through 2027 aims to further increase Bitcoin per share, termed "Bitcoin Yield," targeting 25% for 2025. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45677845/court-ruling-limiting-trumps-tariff-powers-sparks-hope-for-risk-asset-revival-including-bitcoin">Court Ruling Limiting Trump&#8217;s Tariff Powers Sparks Hope For Risk Asset Revival, Including Bitcoin</a>
"The result is that MSTR stock offers accelerating exposure to BTC that advances in tandem with BTC price appreciation," VanEck notes, likening MSTR's dynamics to a call option on Bitcoin.
However, MSTR's strategy faces challenges. Buying Bitcoin at market highs results in a higher cost basis ($67,458) compared to randomized strategies, potentially reducing efficiency. 
A Bitcoin price drop could shrink the premium, disrupt financing, and widen credit spreads on bonds, currently at 500-1,250 basis points. 
"If Bitcoin's value declined, the Premium would also likely fall," the report warns, estimating a 1.77x beta impact. 
Regulatory shifts or competing Bitcoin treasury strategies could also erode MSTR's edge, as could a decline in its software business cash flow.
What&#8217;s Next: Despite these risks, MSTR remains a unique vehicle for investors restricted from direct Bitcoin ownership due to regulatory or custody issues, offering leveraged exposure through public markets.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45678209/ethereum-becoming-more-attractive-for-institutional-investors-jpmorgan-analysts-say">Ethereum Becoming More Attractive For Institutional Investors, JPMorgan Analysts Say</a></li>
</ul>
Image: Shutterstock

How Strategy's 0.52 Bitcoin Correlation Drives Risk Asset Surge: Report

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. 
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>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$140.00</td>
<td>$34.4K</td>
<td>9.5K</td>
<td>146.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$200.00</td>
<td>$31.0K</td>
<td>9.8K</td>
<td>47.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$400.00</td>
<td>$40.0K</td>
<td>7.1K</td>
<td>6.7K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$85.9K</td>
<td>14.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/06/25</td>
<td>$250.00</td>
<td>$42.2K</td>
<td>7.8K</td>
<td>2.5K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$22.00</td>
<td>$154.0K</td>
<td>7.7K</td>
<td>2.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$125.00</td>
<td>$149.2K</td>
<td>3.8K</td>
<td>1.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$480.00</td>
<td>$42.7K</td>
<td>5.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$30.00</td>
<td>$25.6K</td>
<td>24.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SNPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$400.00</td>
<td>$47.3K</td>
<td>751</td>
<td>960</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on May 30, 2025. This event was a transfer of 210 contract(s) at a $140.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $164.0 per contract. There were 9547 open contracts at this strike prior to today, and today 146163 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 call option sweep that happens to be bearish, expiring in 1 day(s) on May 30, 2025. This event was a transfer of 186 contract(s) at a $200.00 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 $31.0K, with a price of $167.0 per contract. There were 9895 open contracts at this strike prior to today, and today 47301 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 8 day(s) on June 6, 2025. Parties traded 99 contract(s) at a $400.00 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 $40.0K, with a price of $405.0 per contract. There were 7130 open contracts at this strike prior to today, and today 6744 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 22 day(s) on June 20, 2025. Parties traded 207 contract(s) at a $130.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $85.9K, with a price of $415.0 per contract. There were 14815 open contracts at this strike prior to today, and today 3593 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on June 6, 2025. Parties traded 60 contract(s) at a $250.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $700.0 per contract. There were 7860 open contracts at this strike prior to today, and today 2555 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bearish sentiment. It expires in 113 day(s) on September 19, 2025. Parties traded 1000 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $154.0K, with a price of $154.0 per contract. There were 7785 open contracts at this strike prior to today, and today 2149 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 put option sweep that happens to be bullish, expiring in 78 day(s) on August 15, 2025. This event was a transfer of 93 contract(s) at a $125.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $149.2K, with a price of $1605.0 per contract. There were 3835 open contracts at this strike prior to today, and today 1924 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on June 20, 2025. This event was a transfer of 287 contract(s) at a $480.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $42.7K, with a price of $149.0 per contract. There were 5689 open contracts at this strike prior to today, and today 1258 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 204 day(s) on December 19, 2025. This event was a transfer of 200 contract(s) at a $30.00 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 $25.6K, with a price of $128.0 per contract. There were 24500 open contracts at this strike prior to today, and today 1060 contract(s) were bought and sold. 
• Regarding SNPS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), we observe a put option sweep with bullish sentiment. It expires in 22 day(s) on June 20, 2025. Parties traded 86 contract(s) at a $400.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $47.3K, with a price of $550.0 per contract. There were 751 open contracts at this strike prior to today, and today 960 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.

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:53 PMFeb 20, 2025	CALL	$450.00	Jan 15, 2027	586	111	115	11	1035	TRADE	BEARISH
02:30 PMFeb 20, 2025	CALL	$250.00	Jan 16, 2026	222	2235	182	73	3080	SWEEP	NEUTRAL
01:55 PMFeb 20, 2025	CALL	$80.00	Feb 21, 2025	-107	0	150	0	835	TRADE	BULLISH
01:38 PMFeb 20, 2025	CALL	$400.00	Jul 18, 2025	40	280	200	29	959	SWEEP	BEARISH
01:10 PMFeb 20, 2025	CALL	$230.00	Mar 21, 2025	-79	98	72	7	1320	SWEEP	BULLISH
10:17 AMFeb 20, 2025	CALL	$350.00	Jan 16, 2026	222	176	113	8	2195	SWEEP	BEARISH
03:59 PMFeb 19, 2025	CALL	$215.00	Feb 21, 2025	-107	916	178	68	1356	SWEEP	BULLISH
03:08 PMFeb 19, 2025	CALL	$5.00	Mar 21, 2025	-79	70	20	38	183	TRADE	NEUTRAL
01:50 PMFeb 19, 2025	PUT	$330.00	Mar 21, 2025	-79	806	200	21	3777	TRADE	NEUTRAL
01:17 PMFeb 19, 2025	CALL	$0.50	Jan 16, 2026	222	141	20	1	15371	SWEEP	BULLISH
01:09 PMFeb 19, 2025	CALL	$300.00	Jan 16, 2026	222	237	81	9	2554	SWEEP	BEARISH
01:03 PMFeb 19, 2025	CALL	$300.00	Jan 16, 2026	222	177	63	7	2554	SWEEP	BULLISH
12:47 PMFeb 19, 2025	CALL	$300.00	Jan 16, 2026	222	90	80	4	2554	SWEEP	BEARISH
11:18 AMFeb 19, 2025	CALL	$100.00	Jan 16, 2026	222	682	93	13	5259	SWEEP	NEUTRAL
11:13 AMFeb 19, 2025	PUT	$300.00	Mar 21, 2025	-79	121	471	3	4027	TRADE	BULLISH
10:57 AMFeb 19, 2025	PUT	$160.00	Jan 16, 2026	222	0	500	0	1296	TRADE	NEUTRAL
10:06 AMFeb 19, 2025	CALL	$100.00	Jan 16, 2026	222	482	36	9	5259	SWEEP	BULLISH
10:04 AMFeb 19, 2025	CALL	$100.00	Jan 16, 2026	222	96	46	2	5259	SWEEP	NEUTRAL
03:34 PMFeb 18, 2025	CALL	$400.00	Jan 16, 2026	222	1354	62	53	2546	SWEEP	BULLISH
02:51 PMFeb 18, 2025	CALL	$350.00	Mar 21, 2025	-79	1522	675	53	2867	SWEEP	BEARISH
11:02 AMFeb 18, 2025	CALL	$140.00	Jan 15, 2027	586	0	750	0	772	TRADE	BULLISH
09:32 AMFeb 18, 2025	CALL	$380.00	Jan 16, 2026	222	0	200	0	3888	SWEEP	BULLISH
03:05 PMFeb 14, 2025	CALL	$205.00	Feb 21, 2025	-107	1640	154	651	252	SWEEP	BULLISH
03:05 PMFeb 14, 2025	CALL	$225.00	Feb 14, 2025	-114	903	154	42	2143	SWEEP	NEUTRAL
01:33 PMFeb 14, 2025	CALL	$205.00	Feb 21, 2025	-107	248	113	98	252	SWEEP	NEUTRAL
01:33 PMFeb 14, 2025	CALL	$205.00	Feb 14, 2025	-114	248	113	10	2437	SWEEP	NEUTRAL
01:06 PMFeb 14, 2025	CALL	$400.00	Feb 28, 2025	-100	6921	1801	235	2942	SWEEP	BULLISH