- Strategy introduces $42B ATM programs across MSTR and STRC shares, expanding capital access for Bitcoin strategy.
- Company holds 762,099 BTC, continuing accumulation with recent $76.6M purchase funded through stock sales.
- Diversified funding via STRC and MSTR supports large buys, despite $3.4B unrealized loss from price declines.
Strategy, led by Michael Saylor, announced new at-the-market programs totaling $42 billion on March 22, 2026, according to an SEC filing. The company introduced separate $21 billion plans for MSTR and STRC shares to fund operations. The move follows recent Bitcoin purchases and aligns with its ongoing accumulation strategy during shifting market conditions.
Dual ATM Programs Expand Capital Strategy
According to the filing, Strategy may issue MSTR shares at a $0.001 par value under the new program. Similarly, the company can issue STRC shares at the same nominal value. The latest structure also includes STRK stock, expanding available funding channels.
Notably, Strategy has relied on ATM programs to support Bitcoin purchases. The company previously registered up to $15.9 billion in MSTR stock sales under an earlier program. In addition, it sold $20 billion in STRK and $4.2 billion in STRC shares.
This expansion reflects a broader funding approach. It allows Strategy to access capital markets more frequently while maintaining flexibility in share issuance.
Bitcoin Accumulation Continues at Slower Pace
Alongside the announcement, Strategy confirmed another Bitcoin purchase. Last week, the company acquired 1,031 BTC for $76.6 million. The average purchase price stood at $74,326 per coin.
As a result, total holdings reached 762,099 BTC. Strategy acquired these holdings for approximately $57.69 billion at an average price of $75,694. According to the filing, the latest purchase was funded entirely through MSTR stock sales.
The company sold 509,111 shares to raise about $76.5 million. Meanwhile, it retains roughly 6.2 million shares available under the current program.
Funding Shifts and Portfolio Position
However, Strategy has recently diversified its funding sources. It has increasingly used STRC preferred stock to finance acquisitions. Two weeks ago, the company sold 11.8 million STRC shares and 2.8 million MSTR shares.
That transaction funded a $1.57 billion Bitcoin purchase, marking its largest this year. Despite ongoing accumulation, Strategy currently holds an unrealized loss of about $3.4 billion.
Its Bitcoin portfolio has also declined from a previous peak value of $78 billion. That high occurred when Bitcoin reached an all-time high of $126,000 in October.