Strategi Perluas Pembiayaan 42 Miliar Dolar! MicroStrategy Berencana Menerbitkan 21 Miliar Saham Biasa dan 21 Miliar Saham Preferen STRC melalui ATM

Bitcoin “perpetual motion” mode upgraded again! According to the latest 8-K filing on the SEC website, Strategy Inc. (formerly MicroStrategy) announced two shocking ATM (At-the-market) financing plans today (23rd), aiming to raise a total of up to 42 billion USD. This plan includes 21 billion USD in common stock and 21 billion USD in STRC preferred stock, with all proceeds to be fully invested in Bitcoin accumulation and debt restructuring.
(Background: MicroStrategy’s Bitcoin holdings surpass BlackRock! Only 21,000 BTC left to overtake next week)
(Additional background: Strategy’s unwavering belief! MicroStrategy invests another 75 million USD to buy 1,031 BTC, now controlling 3.6% of BTC supply)

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• Expanded underwriting team, three major institutions join
• Dual engines: 21 billion USD in common stock and STRC preferred stock
• Adjustment steps: terminate old plans and streamline STRK preferred stock
• Use of funds: the only answer is “Bitcoin”

The well-known Bitcoin reserve company Strategy Inc. (formerly MicroStrategy Incorporated) submitted the latest documents to the U.S. Securities and Exchange Commission (SEC), announcing a massive capital raising plan that shocks the market. The company plans to issue up to 21 billion USD in Class A common stock and up to 21 billion USD in variable-rate Series A perpetual extension preferred stock (STRC preferred stock) via “At-The-Market” (ATM) offerings.

This multi-billion dollar fundraising initiative not only introduces new sales agents but also marks another major strategic move for Strategy’s active expansion in the capital markets.

Expanded underwriting team, three major institutions join

To ensure the smooth progress of this large issuance plan, Strategy further expanded its syndicate of underwriters. According to the latest signed agreement, the company officially included Moelis & Company LLC, A.G.P./Alliance Global Partners, and StoneX Financial Inc. into its Omnibus Sales Agreement.

These new agents will work alongside existing major financial institutions such as TD Securities, Morgan Stanley, and Barclays Capital, assisting Strategy in flexible stock sales on the public market.

Dual engines: 21 billion USD in common stock and STRC preferred stock

The core of this issuance plan involves two new appendices. First, Strategy plans to issue up to 21 billion USD worth of Class A common stock through a new issuance program. Second, the company also plans to issue up to 21 billion USD of STRC preferred stock.

To match this large issuance scale, Strategy officially submitted a certificate on the same day, significantly increasing the authorized shares of STRC preferred stock from 70,435,353 shares to 282,556,565 shares.

Adjustment steps: terminate old plans and streamline STRK preferred stock

In addition to the large issuance of common stock and STRC preferred stock, Strategy also made strategic adjustments to its 8.00% Series A perpetual exercise preferred stock (STRK preferred stock). The company and the sales agents agreed to officially terminate the previous issuance plan for STRK preferred stock starting from March 22, 2026. Instead, the company plans to issue up to 2.1 billion USD of new STRK preferred stock under a new agreement. Meanwhile, Strategy submitted a certificate to reduce the authorized shares of STRK preferred stock from 269,800,000 shares to 40,270,744 shares, demonstrating refined management of different capital instruments.

Use of funds: the only answer is “Bitcoin”

Although the documents typically list “general corporate purposes and debt repayment,” all market observers know well that the main destination for this 42 billion USD is only one thing: acquiring more Bitcoin. At the current market price of around 71,000 USD, this amount could buy approximately 590,000 more BTC, pushing its total holdings to over 1.35 million BTC.

This Strategy-led “fiat-to-crypto experiment” is entering its climax. As this wave of reserves completes, Strategy’s pricing power in the Bitcoin market will further increase, challenging traditional finance’s imagination of a “public company” capital structure.