HomeNewsStrategy launches $44.1B ATM programs to buy more Bitcoin

Strategy launches $44.1B ATM programs to buy more Bitcoin

Posted: 23 March 2026, 16:48 CET 1 min read

In a Form 8-K filed Monday, Strategy set up $44.1 billion in at-the-market programs across MSTR common stock and STRC and STRK preferred shares to fund further bitcoin purchases.

Strategy launched $44.1 billion in at-the-market share programs on Monday, a Form 8-K filed with the Securities and Exchange Commission showed. The authorizations cover up to $21 billion of MSTR common stock, $21 billion of STRC preferred shares and $2.1 billion of STRK preferred shares, with proceeds directed to additional Bitcoin purchases.

ATM programs allow companies to sell new shares into the market over time rather than in a single capital raise. Strategy plans to use the structure to add to its Bitcoin holdings, continuing an approach used since early last year.

The company has been expanding its issuance toolkit, including ATM facilities tied to preferred stock series such as STRF and STRD. With the new programs, Strategy now has sizable potential issuance capacity across equity and equity-linked offerings.

A separate filing showed the purchase of 1,031 bitcoin for about $76.6 million last week. That brought total holdings to 762,099 BTC, funded through prior sales of Class A common stock.

To date, the company has spent about $57.7 billion acquiring Bitcoin. Based on recent market prices, the position is below cost.

The ATM programs align with the company’s “42/42” plan, which targets $84 billion in capital raised through equity and convertible notes by 2027 to finance further bitcoin acquisitions.

MSTR shares traded near $140 on Monday, after reaching $107 in late February. The stock remains below its 2025 highs, and the company’s premium to net asset value has narrowed.

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