Michael Saylor’s Strategy Seeks $21 Billion to Expand Bitcoin Holdings

Strategy Unveils "ATM Program" to Fund Further Bitcoin Acquisitions

Michael Saylor’s Strategy, the largest publicly traded corporate holder of Bitcoin, is preparing to raise up to $21 billion in fresh capital to expand its already massive BTC reserves. The firm, currently in possession of 499,096 BTC worth approximately $41.2 billion, has launched a new sales initiative, dubbed the “ATM Program,” to issue and sell shares of its 8% Series A perpetual strike preferred stock. The move, detailed in a recent Securities and Exchange Commission (SEC) filing, aligns with Strategy’s long-term vision of continuously accumulating Bitcoin.

Under the new agreement, Strategy intends to sell shares in a controlled and gradual manner, considering market conditions such as trading price and volume. The proceeds will be allocated toward general corporate purposes, with a specific focus on acquiring additional Bitcoin. This latest capital-raising effort is an extension of the company’s “21/21 plan,” a strategy unveiled earlier that outlines its intent to secure up to $21 billion in equity and $21 billion in fixed-income securities over three years to bolster its Bitcoin holdings.

Despite Bitcoin’s volatile market, Strategy has remained steadfast in its accumulation strategy. The company’s 499,000 BTC were acquired at an average price of $66,423 per coin, amounting to a total investment of $33.1 billion. With its latest funding initiative, Strategy continues to solidify its position as the most aggressive institutional Bitcoin buyer, leveraging equity and debt markets to further its commitment to digital asset accumulation.

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