Strategy has launched a fresh $42 billion at-the-market equity program, split evenly between $21 billion in Class A common stock and $21 billion in its Variable Rate Series A Perpetual Stretch Preferred Stock, according to an 8-K filing.
The company also introduced a new $2.1 billion ATM for its STRK preferred stock, replacing a prior STRK program that still had more than $20 billion remaining.
Expanding the sales network
Strategy added three new firms to its sales syndicate — Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial — bringing the total number of agents to 19.
These firms act as intermediaries, selling shares into the market over time, allowing Strategy to raise capital gradually rather than through large, one-time offerings.
Existing capacity still on the table
As of March 22, the company still had significant capacity remaining across its existing ATM programs.
That included approximately $6.24 billion of common stock, $1.98 billion of STRC, $20.33 billion of STRK, and $1.62 billion of STRF available for issuance.
Combined with the new programs, Strategy’s total potential bitcoin buying power now stands at roughly $42 billion.
Latest bitcoin purchase
Last week, Strategy added another 1,031 bitcoin to its holdings, bringing its total to 762,099 BTC.
Shares were modestly higher on Monday as bitcoin traded around $71,300, slightly above the Friday close.
Strategy remains by far the largest corporate holder of bitcoin, a position it has steadily built through repeated equity and debt raises since 2020.
