Gemini has officially announced its plans to go public after its filing with the U.S. Securities and Exchange Commission, following the successful IPO of USDC issuer Circle. Meanwhile, Circle's stock has now surged significantly since its debut, prompting analysts to caution retail investors against immediate purchases due to typical post-IPO lockup periods that may affect pricing. At the same time, Strategy, previously known as MicroStrategy, has significantly increased its perpetual preferred stock offering to $1 billion at a 10% yield to fund its Bitcoin acquisitions. This is their third offering in six months, with the proceeds earmarked to bolster their Bitcoin stockpile. Strategy’s focus on acquiring Bitcoin demonstrates its commitment despite the inherent risks associated with its preferred stock, which has subordinated debt status compared to other offerings. Analysts attribute a boost in miner stocks to recent Bitcoin price increases, indicating a revival in the cryptocurrency market that could be further amplified by Circle's successful IPO.

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