Strategy Announces Plan to Raise Capital for Bitcoin Purchases
Key Points:
- Strategy aims to raise capital for general operations and Bitcoin purchases
- Company plans to issue and sell shares worth up to $21 billion
- Strategy’s total BTC holdings are just under 500,000 BTC
Strategy, formerly known as MicroStrategy, has revealed its intention to secure additional capital for its corporate activities, including the acquisition of more Bitcoin (BTC).
In an official announcement made on March 10, Strategy announced a plan to offer and trade shares worth up to $21 billion through its at-the-market (ATM) program.
The shares being offered are the 8.00% Series A Perpetual Preferred Stock (STRK), with the proceeds intended to support the company’s general operations. A significant portion of the funds raised will be allocated towards purchasing more Bitcoin as Strategy continues to build its BTC holdings. Additionally, the raised capital will also be utilized for working capital purposes.
Current Bitcoin Holdings and Future Plans
Strategy, led by Michael Saylor, ventured into the realm of Bitcoin as a treasury asset back in 2020. Since then, the company has been actively acquiring the digital asset.
As of February 2025, Strategy’s Bitcoin holdings have reached 499,096 BTC, approaching the milestone of 500,000 BTC. The company has spent approximately $33.1 billion on Bitcoin purchases, with an average acquisition price of $66,357 per BTC.
The news of Strategy’s intention to increase its BTC holdings had a positive impact on market sentiment, with Bitcoin’s price hovering around $83,252 at the time of writing. Despite facing fluctuations, Bitcoin has shown resilience following recent developments such as the White House crypto summit.
