Michael Saylor’s Strategy Plans $21 Billion Fundraising to Expand Bitcoin Holdings
| Key Points: – Michael Saylor’s Strategy announced an offering of its Series A perpetual strike preferred stock to raise up to $21 billion, primarily for Bitcoin acquisitions. – Strategy holds 499,096 BTC worth $41.2 billion and continues expanding its holdings under the “21/21 plan.” |
Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, has announced plans to raise up to $21 billion in fresh capital to expand its Bitcoin holdings.
The funds raised will be used for general corporate purposes, including additional Bitcoin acquisitions.
Michael Saylor’s Strategy Launches Major Fundraising Effort for Bitcoin Expansion
Strategy revealed on March 10 that it had entered into a sales agreement allowing it to issue and sell shares of its 8% Series A perpetual strike preferred stock.
The company’s offering, known as the “ATM Program,” will take place over an extended period, considering market conditions such as trading price and volume. According to Strategy’s filing with the Securities and Exchange Commission (SEC), proceeds will primarily go toward Bitcoin purchases and working capital.
Currently, Strategy holds 499,096 BTC, valued at approximately $40.1 billion. The company acquired these holdings at an average purchase price of $66,380 per BTC. This substantial position strengthens its status as the largest publicly traded corporate Bitcoin investor.
Following the fundraising announcement, Strategy’s stock (MSTR) dropped 13.3% and remains about 50% lower than its record high reached in late November.
Although the market continuously has good news, Bitcoin continues to trade below $80,000 despite the news.
Michael Saylor Proposes U.S. Bitcoin Reserve Strategy
The development aligns with the company’s previously disclosed “21/21 plan,” which involves releasing up to $21 billion in equity and $21 billion in fixed-income securities over the next three years to further increase Bitcoin reserves. Strategy initially adopted Bitcoin as a treasury asset in 2020 and has consistently expanded its holdings since then.
In addition to its corporate strategy, CEO Michael Saylor has been actively engaged with retaining. On March 7, 2025, he participated in the White House Crypto Summit, where he outlined a proposal for the U.S. government to acquire between 5% and 25% of Bitcoin’s total supply by 2035.
Saylor suggested that such an initiative could generate between $16 trillion and $81 trillion by 2045, potentially contributing to national debt reduction and economic growth.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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