Strategy ( MSTR ) has unveiled a $42 billion equity program in the market ( ATM ), split between $21 billion of Class A shares ( MSTR ) and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock, Stretch ( STRC ), according to an 8-K filing.
The company also introduced a new $2.1 billion ATM for its STRK preferred stock, replacing a previous STRK program that had more than $20 billion remaining.
The company expanded its sales syndicate. Strategy added Moelis & Company, AGP/Alliance Global Partners and StoneX Financial, bringing the total number of agents to 19. These firms act as intermediaries and sell shares to the market over time, allowing the company to raise capital gradually rather than through large one-off offerings.
As of March 22, Strategy still had capacity remaining on its existing ATM programs. This included approximately $6.24 billion of common stock, $1.98 billion in STRC, $20.33 billion in STRK and $1.62 billion in STRF available for issuance.
The company last week bought another 1,031 bitcoins, bringing its holdings to 762,099 coins. Shares are modestly higher on Monday as bitcoin trades up slightly from Friday’s close of $71,300.
