Strategy files to raise up to $44B via ongoing share sales to fund Bitcoin purchases
Crypto Briefing
Strategy plans to raise up to $44 billion through share sales to fund further Bitcoin acquisitions, aiming for one million Bitcoin by year-end.Summary
Strategy has filed to increase its capital-raising capacity through three at-the-market programs, potentially raising up to $44 billion. This funding will primarily be used for Bitcoin purchases and general corporate needs, continuing the company’s strategy of utilizing equity issuance to finance its digital asset investments. Strategy currently holds 762,099 Bitcoin, valued at approximately $53 billion, representing 3.6% of the total circulating supply. The company aims to acquire an additional 237,901 Bitcoin within the next nine months to reach its goal of one million Bitcoin by the end of the year. In 2023, Strategy was the largest equity issuer in the US, raising $25.3 billion.
(Source：Crypto Briefing)