Tysons Corner-based Bitcoin giant Strategy Inc. (formerly MicroStrategy) has once again stunned the crypto market by announcing two massive at-the-market (ATM) stock offering programs totaling a staggering $42 billion, just days after purchasing an additional 1,031 Bitcoin. The company now holds 762,099 BTC, making it the largest publicly traded corporate holder of the cryptocurrency.
The $42 Billion ATM Details
According to an 8-K filing on July 8, 2026, Strategy will issue up to $21 billion in Class A common stock (ticker: MSTR) and another $21 billion in its floating-rate Series A perpetual preferred stock (ticker: STRC), both traded on the Nasdaq Global Select Market. To execute the plan, the firm added Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial to its existing roster of sales agents, which already included several top-tier investment banks.
Simultaneously, Strategy terminated its previous STRK preferred stock offering and slashed authorized shares from 269.8 million to roughly 40.2 million, while boosting STRC’s authorized shares from 70.4 million to over 282.5 million to accommodate the new “Stretch” program. Legal counsel from WilmerHale and Latham & Watkins signed off on the filings.
The ATM structure allows Strategy to dribble shares onto the market incrementally, capitalizing on favorable Bitcoin sentiment periods. The company has been executing weekly offerings recently, a pattern likely to accelerate.
Latest Bitcoin Purchase: 1,031 BTC
Before the ATM announcement, Strategy acquired 1,031 Bitcoin for $76.6 million, or approximately $74,300 per coin. CEO Michael Saylor reaffirmed the long-term accumulation strategy via X (formerly Twitter), stating that the company’s “orange-pilled balance sheet” remains laser-focused on Bitcoin.
Critics have lambasted the move as shareholder dilution. A post from the Dashpay X account warned of “even greater dilution coming,” while another user accused Saylor of “doing everything except building a profitable business.” Yet supporters applaud the bold capital deployment, arguing that Strategy is effectively turning itself into a Bitcoin-backed financial machine.
With 762,099 BTC now in treasury—representing roughly 3.6% of the total 21 million supply—Strategy’s message is clear: the accumulation phase is far from over. As the old financial system struggles to keep up, Saylor’s bet on Bitcoin as a superior reserve asset continues to draw both admiration and skepticism.