Emre Yumlu 
Strategy has applied for a $21 billion preferred stock offering and plans to use the funds for potential BTC acquisitions. Currently holding around 499,000 BTC, Michael Saylor’s Strategy aims to continue accumulating Bitcoin through its new “ATM Program.”
Strategy Plans $21 Billion Capital Raise to Expand Bitcoin Holdings
Michael Saylor’s Strategy, the world’s largest publicly traded Bitcoin holder, aims to raise up to $21 billion in fresh capital to purchase more BTC.
According to an official announcement on March 10, the company has entered into a new sales agreement, granting it the authority to issue and sell 8% Series A preferred stock. The proceeds from this issuance will be used for general corporate activities, including Bitcoin acquisitions.
Under the agreement, referred to as the “ATM Program,” Strategy will conduct sales in a disciplined and long-term manner, taking into account the trading price and volume of its shares.
Strategy’s $21 Billion Capital Move for Bitcoin Investments
In its SEC filing, the company stated: “Net proceeds from the ATM Program will be used for general corporate purposes, including Bitcoin acquisitions and working capital.”
This announcement comes as Strategy currently holds 499,096 BTC ($41.2 billion), acquired at a total cost of $33.1 billion, with an average purchase price of $66,423 per BTC.
Previously, the company had disclosed plans to issue and sell $21 billion in equity and $21 billion in fixed-income securities over the next three years under its “21/21 Plan” to accumulate more Bitcoin.
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