Strategy disclosed new at-the-market equity programs worth $42 billion in a filing with the U.S. Securities and Exchange Commission dated March 22, 2026. The company, led by Michael Saylor, set up two separate plans of $21 billion each for MSTR and STRC shares, extending the financing structure it has used to support its Bitcoin accumulation strategy.
$21 billion allocated to each of MSTR and STRC
The filing said Strategy may issue MSTR shares with a par value of $0.001 under the new program. STRC shares carry the same nominal value. The structure also includes STRK stock, giving the company another route to raise capital. That setup gives Strategy more room to tap public markets while keeping discretion over when and how much stock it sells.
ATM issuance has already been central to the company’s funding model. Under an earlier program, Strategy had registered up to $15.9 billion in MSTR stock sales. It also sold $20 billion of STRK shares and $4.2 billion of STRC shares. Those issuances have repeatedly been linked to the company’s Bitcoin purchases.
Latest purchase adds 1,031 BTC
Alongside the new financing plans, Strategy confirmed another Bitcoin purchase. Last week, it bought 1,031 BTC for $76.6 million, with an average purchase price of $74,326 per coin. The filing said the acquisition was funded entirely through MSTR stock sales.
After that transaction, the company’s total holdings climbed to 762,099 BTC. Strategy said it acquired those holdings for about $57.69 billion at an average cost of $75,694 per Bitcoin. To fund the latest purchase, the company sold 509,111 shares and raised about $76.5 million. It also said roughly 6.2 million shares remain available under the current program.
Funding mix broadens while unrealized losses remain
Strategy has also been spreading its funding sources across different securities. The company has increasingly used STRC preferred stock to finance Bitcoin acquisitions. Two weeks ago, it sold 11.8 million STRC shares and 2.8 million MSTR shares, which funded a $1.57 billion Bitcoin purchase, the company’s largest this year.
The accumulation has continued even as the firm carries an unrealized loss of about $3.4 billion. The value of its Bitcoin portfolio has also fallen from a previous peak of roughly $78 billion. That peak came when Bitcoin reached an all-time high of $126,000 in October.