Strategy (MSTR) has launched a $42 billion at-the-market equity program to fuel further bitcoin purchases. The plan splits evenly between $21 billion in Class A common stock and $21 billion in Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
An additional $2.1 billion ATM program was introduced for STRK preferred shares, replacing an earlier program. The company named Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial as new sales agents, expanding its syndicate to 19 firms.
As of March 22, Strategy retained approximately $30 billion in remaining issuance capacity across existing programs. Last week, it acquired 1,031 bitcoin, bringing total holdings to 762,099 BTC. MSTR shares rose modestly as bitcoin traded near $71,300.