Strategy, the public company formerly known as MicroStrategy and led by executive chairman Michael Saylor, disclosed plans to raise up to $42 billion in new capital through stock and preferred share offerings — a war chest that could, at current prices, fund the purchase of roughly 595,000 additional Bitcoin (BTC) and push the firm's total holdings past 1 million coins by the end of 2026.
$42B Capital Campaign
The company revealed the fundraising plan alongside its latest weekly acquisition, a $76.5 million purchase of 1,031 BTC reported in a Monday filing with the U.S. Securities and Exchange Commission.
The new capital will be split evenly: up to $21 billion in Class A common stock (MSTR) and $21 billion in Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
Strategy now holds 762,099 BTC as of Mar. 23, a stake valued at nearly $57.7 billion based on an average entry price of $75,694 per coin.
The company has become the largest corporate holder of Bitcoin after beginning rapid accumulation in 2021.
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1M‑Coin Milestone
At current prices near $70,200, full execution of the $42 billion raise could theoretically fund about 595,000 additional BTC.
That would bring total holdings to more than 1.35 million coins — roughly 6.42% of Bitcoin's 21 million fixed supply.
CEO Phong Le highlighted the symbolism of the figure in a post on X, quoting The Hitchhiker's Guide to the Galaxy: "42 is the Answer to the Ultimate Question of Life, the Universe, and Everything." Le noted the 21 + 21 capital split mirrors Bitcoin's 21 million supply cap.
The purchase came as BTC traded within the consolidation range it has occupied for roughly two months, between about $60,000 and $72,000.
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