Strategy tops up capital-raising plans, bringing potential bitcoin buying power back to $42 billion
CoinDesk
Strategy expanded its capital-raising programs to a potential $42 billion to support future bitcoin purchases.Summary
Strategy (MSTR) has unveiled a new $42 billion at-the-market (ATM) equity program, split between $21 billion in Class A common stock and $21 billion in its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Additionally, the company introduced a new $2.1 billion ATM for its STRK preferred stock, replacing a previous program. Strategy expanded its sales syndicate by adding Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial, bringing the total agents to 19 to facilitate gradual capital raising. As of March 22, the company still had significant capacity remaining across existing programs and recently purchased an additional 1,019 bitcoin, bringing its total holdings to 762,099 coins.
(Source：CoinDesk)