Strategy (MSTR) has filed a $42 billion equity program at the market (ATM), split between $21 billion of Class A common stock (MSTR) and $21 billion of its Series A Variable Rate 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 union. Strategy added Moelis & Company, AGP/Alliance Global Partners and StoneX Financial, bringing the total number of brokers to 19. These firms act as intermediaries, selling shares into the market over time, allowing the company to raise capital gradually rather than through large one-time offerings.
As of March 22, Strategy still had capacity remaining in its existing ATM programs. This included approximately $6.24 billion of common stock, $1.98 billion of STRC, $20.33 billion of STRK and $1.62 billion of STRF available for issuance.
Last week, the company purchased another 1,031 bitcoins, bringing its holdings to 762,099 coins. Stocks rose modestly on Monday, as bitcoin trades slightly higher from Friday’s close at $71,300.
