#DayTradingStrategy I issued a sizable follow-on equity offering—up to $2 billion in shares—through an at-the-market (ATM) program, working with Cantor Fitzgerald and ThinkEquity. Almost immediately, investors reacted hesitantly: my stock price dropped roughly 20% on Thursday after the late Wednesday announcement .
This isn’t the first time I’ve raised capital recently. Just last week, I closed a $250 million private placement aimed at accelerating my Ethereum treasury strategy . But today’s move signals a clear intent to continue strengthening the balance sheet—and potentially accumulate more ETH—as market conditions permit.
The market’s swift sell-off reflects the dilution fears that accompany large ATM offerings. Retail and institutional investors alike are understandably cautious when outstanding shares might increase substantially. On the flip side, the additional liquidity gives me more flexibility to deploy capital into high-potential crypto assets and operations.
From my perspective, this ATM program positions me to seize opportunities without needing to negotiate bulky lump-sum deals. Instead, I can issue shares gradually—aligning fundraising with market appetite. It may rattle the stock in the short term, but my long-term goal remains the same: build a robust ETH treasury while maintaining operational agility.
I’m aware today’s price drop may unsettle shareholders, so transparency is key. I’ll continue updating the market on deployment strategies and timing, aiming to balance capital-raising with share value preservation.
Bottom line? Short-term volatility is the tradeoff for long-term capital firepower. I truly believe the path I’m on—with a focus on Ethereum and strategic growth—is built for outsized returns over time.