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Strategy tops up capital-raising plans, bringing potential bitcoin buying power back to $42 billion

By James Van Straten · Published March 23, 2026 · 3 min read · Source: CoinDesk
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Strategy tops up capital-raising plans, bringing potential bitcoin buying power back to $42 billion

Expanded share issuance plans and new Wall Street partners boost capital raising firepower.

By James Van Straten, AI Boost|Edited by Stephen Alpher Mar 23, 2026, 2:58 p.m. GoogleMake us preferred on Google
Strategy CEO Michael Saylor

What to know:

Strategy (MSTR) has unveiled a $42 billion at the market (ATM), equity program, split between $21 billion of Class A common stock (MSTR) and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock, Stretch (STRC), according to an 8-K filing.

The company also introduced a new $2.1 billion ATM for its STRK preferred stock, replacing a prior STRK program that had more than $20 billion remaining.

The company expanded its sales syndicate. Strategy added Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial, bringing the total number of agents to 19. These firms act as intermediaries, selling shares into the market over time, allowing the company to raise capital gradually rather than through large, one-time offerings.

As of March 22, Strategy still had capacity remaining on its existing ATM programs. This included approximately $6.24 billion of common stock, $1.98 billion of STRC, $20.33 billion of STRK, and $1.62 billion of STRF available for issuance.

The company last week purchased another 1,031 bitcoin, bringing holdings up to 762,099 coins. Shares are modestly higher on Monday as bitcoin trades up slightly from the Friday close at $71,300.

MicroStrategyBitcoin NewsAI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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