MicroStrategy has announced a $21 Billion at-the-market offering program for its 8% series A perpetual strike preferred stock.
The announcement comes even as its aggressive Bitcoin acquisition strategy faces headwinds from recent market volatility.
According to a company press release issued March 10, proceeds from the offering will be used for “general corporate purposes, including the acquisition of bitcoin and for working capital.”
The announcement comes as on-chain analysis from Lookonchain reveals Strategy currently sits on approximately $3 Billion in unrealized losses on Bitcoin purchased since November 2024.
$21 Billion ATM Offering Sets Record
Strategy’s newly announced $21 Billion at-the-market offering is one of the largest capital raises ever attempted by a Bitcoin-focused company.
According to the filing, the company plans to sell its 8% series A perpetual strike preferred stock “in a disciplined manner over an extended period, taking into account the t
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