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Strategy Launches a $21B At-The-Market Offering of its Preferred Stock to Buy more Bitcoins

Twitter icon  •  Published vor 1 Tag on March 11, 2025  •  Hassan Maishera

Michael Saylor’s Strategy has launched a $21B at-the-market offering of its preferred stock and will use most of the proceeds to buy more bitcoins.

Strategy Launches a $21B At-The-Market Offering of its Preferred Stock to Buy more Bitcoins

TL;DR

  • Michael Saylor’s Strategy is set to raise $21 billion by offering its preferred stocks to investors.

  • Bitcoin is down 3% in the last 24 hours and trades below $80k.

Strategy to Raise $21B to Buy more Bitcoins

Michael Saylor's Strategy (STRK) announced on Monday that it has launched an at-the-market (ATM) offering of its Series A preferred stock (STRK). Most of the proceeds raised from this initiative will be used to purchase more bitcoins for the company. 

This latest development comes after Strategy spent the last few weeks of 2024 and early weeks of 2025 adding to its Bitcoin reserves weekly. 

The news didn’t halt Bitcoin’s bearish performance, with the leading cryptocurrency losing nearly 5% of its value on Monday to drop to the $76k level for the first time since November 2024. 

Strategy remains the largest corporate holder of bitcoin, with just shy of 500,000 tokens worth about $42 billion at bitcoin's current price.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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