B HODL Stock Rises Sharply as It Follows MicroStrategy's Bitcoin Strategy
B HODL stock has surged 67% in a month after announcing the purchase of one additional Bitcoin, bringing its total treasury to 167.487 BTC. The company funded this acquisition through an at-the-market equity offering and its Capital Deployment Programme. Despite buying Bitcoin at higher prices than current market levels—averaging $110,129 per coin—the stock has outperformed the one-month rise in Bitcoin's price by more than double. The firm’s strategy mirrors that of MicroStrategy (MSTR), which pioneered using equity raises to buy and hold large amounts of Bitcoin. Adam Back, CEO of Blockstream, supports this model and recently funded a €7.6 million raise for Capital B. While some analysts have warned about potential overvaluation in the sector, B HODL continues to meet key metrics that suggest its strategy is working so far.
Tickers: $MSTR
Topics: ATM equity programme B HODL Bitcoin treasury strategy MicroStrategy playbook