Strategy (MSTR) Stock Jumps 2% as Saylor Plans $44B Bitcoin War Chest

TLDR

• Strategy announced $44.1B in new at-the-market (ATM) capital-raising programs to buy more Bitcoin
• The plan includes $21B in MSTR stock sales, $21B in STRC preferred stock, and $2.1B in STRK preferred stock
• MSTR stock climbed over 2% on the news, trading around $138–$140
• Strategy bought 1,031 BTC last week for $76.6M, bringing its total holdings to 762,099 BTC
• The company has added nearly 90,000 BTC to its treasury in the first three months of 2026

Strategy has announced a combined $44.1 billion capital-raising plan to continue buying Bitcoin, sending its stock up more than 2% on Monday.

The plan was disclosed in an 8-K filing with the SEC. It covers three separate at-the-market programs across Strategy’s common stock and two preferred stock offerings.

The largest portions are a $21 billion ATM program for MSTR common stock and another $21 billion for its STRC perpetual preferred stock. A further $2.1 billion is earmarked for its STRK preferred stock.

Strategy Inc, MSTR

Strategy did not give a timeline for the issuances, saying only that sales may happen “from time to time.”

MSTR stock reached a high of $140 during Monday’s session, before pulling back to around $138, according to TradingView data. Bitcoin also moved higher on the day, breaking above $70,000.

Leaning on Preferred Stock

Strategy has been shifting toward preferred stock to fund Bitcoin purchases, reducing pressure on its MSTR common stock. The preferred offerings pay monthly dividends to investors while letting the company grow its BTC holdings.

Two weeks ago, Strategy sold 11.8 million STRC and 2.8 million MSTR shares to fund a $1.57 billion Bitcoin buy — its largest purchase of the year.

For last week’s purchase, the company used only MSTR stock. It sold 509,111 shares and raised $76.5 million in net proceeds to buy 1,031 BTC at an average price of $74,326 per Bitcoin.

Under the prior $21 billion MSTR ATM program, Strategy had already registered $15.9 billion in stock sales. It has also sold $20 billion in STRK and $4.2 billion in STRC under earlier programs.

A Growing Bitcoin Treasury

Strategy now holds 762,099 BTC, acquired at an average price of $75,694 per Bitcoin, for a total cost of $57.69 billion.

The company has added nearly 90,000 BTC to its treasury since the start of 2026. Purchases this month include 17,994 BTC on March 9 and 22,337 BTC on March 16, totalling roughly $2.9 billion.

Bitcoin is currently down over 44% from its all-time high of $126,000, which it hit in October 2025. Strategy’s BTC portfolio reached a peak value of $78 billion at that point.

At current prices, the company is sitting on an unrealized loss of approximately $3.4 billion, according to DropsTab data.

Strategy’s Bitcoin buying streak has continued weekly since the end of last year.

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