Strategy (MSTR) has announced on the market (ATM) a $42 billion equity plan that includes $21 billion of Class A common stock (MSTR) and $21 billion of variable rate Series A perpetual stretch preferred stock (STRC), according to an 8-K filing.
The company also launched new ATMs worth $2.1 billion for its STRK preferred stock, replacing the more than $20 billion remaining in the previous STRK program.
The company expanded its sales group. Strategy has added Moelis & Company, AGP/Alliance Global Partners and StoneX Financial, bringing the total number of agents to 19. These companies act as intermediaries, selling shares to the market over time, allowing companies to raise capital incrementally rather than through large, one-time offerings.
As of March 22, Strategy still had remaining capacity on its existing ATM projects. This includes approximately $6.24 billion of common stock available for issuance, $1.98 billion of STRC, $20.33 billion of STRK and $1.62 billion of STRF.
The company purchased an additional 1,031 Bitcoins last week, bringing its holdings to 762,099. Shares edged higher on Monday, with Bitcoin trading slightly higher than Friday’s closing price at $71,300.
