Strategy Announces $21B Capital Raise for Bitcoin, Stock Ticker: MICHAEL SAYLOR

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced a significant move to raise up to $21 billion in fresh capital to purchase more Bitcoin. This initiative is part of a new sales agreement that allows the firm to issue and sell shares of its 8% Series A perpetual strike preferred stock. The program, dubbed the “ATM Program,” aims to raise funds for general corporate purposes, including potential Bitcoin acquisitions and working capital.

The ATM Program is designed to make sales in a disciplined manner over an extended period, taking into account the trading price and volumes of the perpetual strike preferred stock at the time of sale. This strategy ensures that the company can capitalize on favorable market conditions while minimizing the impact on its stock price. The company’s commitment to Bitcoin as a store of value and a hedge against inflation has been unwavering. By continuously increasing its holdings, Strategy aims to solidify its position as a leader in the corporate adoption of Bitcoin. The ATM Program represents a proactive approach to capital raising, allowing the company to seize opportunities in the Bitcoin market while maintaining financial flexibility.

Strategy currently holds approximately 499,096 BTC, which it acquired for an aggregate amount of $33.1 billion at an average price of $66,423 per BTC. The company’s holdings are valued at around $41.2 billion, reflecting a significant investment in the cryptocurrency. The new capital raised through the ATM Program will be used to further increase its Bitcoin holdings, potentially bringing the company's holdings above 500,000 BTC.

This announcement comes as part of Strategy’s broader plan to accumulate more Bitcoin under its “21/21 plan.” Previously, the company disclosed plans to issue and sell shares of its class A common stock to raise up to $21 billion in equity and $21 billion in fixed-income securities over the next three years. The ATM Program is a strategic move to diversify its funding sources and ensure a steady influx of capital for Bitcoin acquisitions. The company’s commitment to Bitcoin as a store of value and a hedge against inflation has been unwavering. By continuously increasing its holdings, Strategy aims to solidify its position as a leader in the corporate adoption of Bitcoin. The ATM Program represents a proactive approach to capital raising, allowing the company to seize opportunities in the Bitcoin market while maintaining financial flexibility.