Strategy plans to raise $21 billion to buy Bitcoin
Strategy launches $21 billion capital raise to expand Bitcoin holdings.
Michael Saylor’s Strategy, the world’s largest publicly traded corporate Bitcoin holder, is launching a major capital-raising initiative to expand its Bitcoin treasury.
The firm announced on March 10 that it has entered into a new sales agreement—dubbed the “ATM Program”—that will allow it to issue and sell shares of its 8% Series A perpetual strike preferred stock.
This move is designed to raise up to $21 billion for general corporate purposes, including further Bitcoin acquisitions.
New Sales Agreement to Boost Bitcoin Holdings
Under the ATM Program, Strategy plans to sell shares “in a disciplined manner over an extended period,” taking into account prevailing trading prices and volumes. The net proceeds from this program will be used not only for general corporate needs and working capital but also specifically to purchase additional Bitcoin.
This capital-raising effort forms part of the company’s broader “21/21 plan,” a strategy aimed at significantly increasing its Bitcoin holdings over the next three years.
Capital Raising Strategy and Future Outlook
Strategy currently holds 499,096 BTC, valued at approximately $41.2 billion, which the firm acquired for a total of $33.1 billion at an average price of about $66,423 per BTC. The new capital-raising program is expected to complement previous initiatives, including plans to issue and sell up to $21 billion in equity and an additional $21 billion in fixed-income securities over the next three years.
Saylor’s aggressive approach reflects his long-term bullish outlook on Bitcoin, positioning the company to further capitalize on the digital asset’s potential as a store of value and as a key component of the evolving global financial system.
As Strategy embarks on this ambitious fundraising campaign, market watchers will be closely monitoring the impact on both the firm’s balance sheet and the broader cryptocurrency market. With the anticipated infusion of capital, Saylor aims to consolidate Strategy’s position as a leader in the corporate Bitcoin space, potentially driving further institutional interest in Bitcoin.
Recently we wrote, that Michael Saylor highlights recent insights from the White House on cryptocurrency policy.
