Strategy MSTR Renews Capital-Raising Plans with Updated Equity Program

Strategy MSTR has taken steps to renew its capital-raising plans, which could potentially enable the company to purchase up to $42 billion in bitcoin. This move comes after the company last week purchased another 1,031 units of the cryptocurrency, bringing its total holdings to 762,099 coins.

The equity program includes a split between $21 billion of Class A common stock and $21 billion of Variable Rate Series A Perpetual Stretch Preferred Stock. Additionally, the company introduced a new $2.1 billion ATM for its STRK preferred stock, which replaces a prior program with remaining capacity of over $20 billion.

The expanded sales syndicate now consists of 19 firms, including Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial, which act as intermediaries to sell shares into the market gradually. As of March 22, Strategy still had capacity remaining on its existing ATM programs, totaling approximately $6.24 billion in common stock, $1.98 billion in STRC, $20.33 billion in STRK, and $1.62 billion in STRF for issuance.