cointelegraph.com
Michael Saylor’s Strategy has announced several capital-raising programs totaling $44.1 billion to fund Bitcoin purchases, including the sale of common shares and two of its dividend-paying equity vehicles.
Strategy plans to raise up to $21 billion by selling Strategy (MSTR) stock and another $21 billion from its high-yield perpetual preferred stock, Stretch (STRC), via new at-the-market programs, the company said in an 8-K filing to the US Securities and Exchange Commission on Monday.
Strategy also intends to sell up to $2.1 billion worth of Strike ($STRK) — another of its perpetual preferred stock offerings. The company didn’t specify a timeline for the issuances, stating that shares may be sold “from time to time.”
Strategy has been marketing its securities as a way for investors to gain exposure to Bitcoin, which is currently down nearly 70% from its all-time high. The company is currently carrying an unrealized loss of 6.3% on its Bitcoin holdings.
Strategy's revised ATM equity program enables it to sell more shares incrementally into the open market rather than relying on fewer large-scale capital raises from external investors, as it previously did through convertible debt.
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Strategy’s preferred stocks, such as STRC and $STRK, give investors monthly dividends while enabling Strategy to grow its Bitcoin holdings without issuing additional MSTR common shares.
Strategy added 90K $BTC to its treasury in 3 months
Strategy said it bought 1,031 Bitcoin worth $76.6 million in its latest purchase on Monday, adding to its larger-than-usual purchases this month, which include 17,994 Bitcoin on March 9 and 22,337 Bitcoin on March 16 for a combined $2.9 billion.
Strategy now holds 762,099 Bitcoin worth $54 billion, having added nearly 90,000 Bitcoin to its treasury across the first three months of 2026.
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