Strategy announces $44.1B capital raise initiative for expanded Bitcoin acquisition
The company continues to leverage perpetual preferred stock instruments as its primary financing vehicle for Bitcoin accumulation, having increased its holdings by 90,000 BTC since the beginning of this year.
The Strategy company, led by Michael Saylor, has revealed multiple capital-raising initiatives with a combined value of $44.1 billion aimed at financing additional Bitcoin acquisitions, utilizing proceeds from both common stock sales and two of the company's dividend-distributing equity instruments.
According to an 8-K regulatory filing submitted to the US Securities and Exchange Commission on Monday, Strategy intends to generate as much as $21 billion through the sale of Strategy (MSTR) common stock, complemented by an additional $21 billion to be raised from Stretch (STRC), its high-yield perpetual preferred stock, through newly established at-the-market offerings.
Additionally, Strategy has outlined plans to issue up to $2.1 billion in Strike (STRK) — yet another perpetual preferred stock product in its portfolio. The filing did not include specific timeframes for these stock sales, noting instead that the securities could be offered "from time to time."
The company has been positioning its various securities as vehicles through which investors can obtain indirect Bitcoin exposure, even as the cryptocurrency trades nearly 70% below its record peak. At present, Strategy is holding an unrealized loss of 6.3% across its entire Bitcoin portfolio.
The updated at-the-market equity offering program provides Strategy with the flexibility to sell additional shares gradually into public markets instead of depending on infrequent, large-volume capital raises secured through external investor arrangements, such as the convertible debt instruments the company utilized in earlier periods.
The perpetual preferred stock offerings like STRC and STRK provide investors with monthly dividend payments, while simultaneously allowing Strategy to expand its Bitcoin reserves without diluting MSTR common shareholders through the issuance of additional common stock.
Strategy added 90K BTC to its treasury in 3 months
In its most recent acquisition announced Monday, Strategy disclosed the purchase of 1,031 Bitcoin valued at $76.6 million, continuing its pattern of above-average buying activity throughout the current month, which has included an acquisition of 17,994 Bitcoin on March 9 and 22,337 Bitcoin on March 16, representing a total investment of $2.9 billion.
The company's total Bitcoin holdings now stand at 762,099 Bitcoin with a current market value of $54 billion, reflecting an increase of nearly 90,000 Bitcoin accumulated during the initial three-month period of 2026.