**Exciting News from Strategy: Aiming to Raise $21 Billion for Bitcoin!**
Strategy, previously known as MicroStrategy, has shared its ambitious plans to raise up to $21 billion in fresh capital to expand its Bitcoin holdings. The company is set to offer a unique type of stock called perpetual strike preferred stock specifically for purchasing Bitcoin.
## Strategy’s $21 Billion Stock-Sale Plan
In a recent filing with the U.S. Securities and Exchange Commission (SEC), Strategy revealed a new agreement that allows it to sell shares of its 8% series A perpetual strike preferred stock, known as STRK. The funds generated from this sale will primarily be directed towards acquiring more Bitcoin. Under the initiative referred to as the “ATM Program,” Strategy plans to sell STRK shares gradually, potentially through at-the-market sales, negotiated transactions, or block trades. “Strategy intends to use the net proceeds from the ATM program for general corporate purposes, including the acquisition of Bitcoin and for working capital,” the company stated in its SEC filing.
Transitioning from its roots in data analysis software, Strategy has embraced the world of Bitcoin, acquiring and holding the leading cryptocurrency. Investors can buy shares of Strategy to gain secure and regulated exposure to Bitcoin without the need to manage it directly. This new ATM Program is yet another step for Strategy in its quest to bolster its Bitcoin Treasury.
The company has previously utilized debt offerings and equity issuances to fund its Bitcoin purchases, all under the guidance of co-founder and Executive Chairman Michael Saylor, a long-time advocate for Bitcoin as a Treasury reserve asset. Last October, Strategy introduced the “21/21 plan,” aiming to raise a total of $42 billion over three years through equity offerings and fixed-income securities. The goal is to use this capital to acquire even more Bitcoin, further cementing its status as the largest public corporate holder of Bitcoin.
Currently, Strategy holds 499,096 BTC, valued at approximately $40 billion based on Bitcoin’s current price. With an average cost per Bitcoin at $66,357, the company’s position remains robust, enjoying a 25% unrealized gain despite recent fluctuations in the crypto market. In December, the firm, founded by Saylor, began trading as a member of the Nasdaq 100 equity index, joining the ranks of some of the world’s most valuable companies, including Apple and Microsoft.
