MicroStrategy (MSTR) has announced a new at-the-market (ATM) equity offering valued at $42 billion, divided equally between $21 billion of Class A common shares and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), as detailed in their recent 8-K filing.
Additionally, the company rolled out a fresh $2.1 billion ATM program for its STRK preferred stock, which replaces an earlier STRK offering that still had over $20 billion available.
The firm has also broadened its sales syndicate by adding Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial to the team. This expansion brings the total number of agents to 19. These intermediaries facilitate gradual share sales into the market, enabling MicroStrategy to raise funds steadily rather than through large lump-sum transactions.
As of March 22nd, MicroStrategy retained significant capacity under its existing ATM programs: roughly $6.24 billion in common stock, about $1.98 billion in STRC shares, approximately $20.33 billion in STRK preferred stock, and nearly $1.62 billion in STRF securities remained available for issuance.
Last week saw MicroStrategy acquire an additional 1,031 bitcoins—raising their total holdings to 762,099 coins. On Monday morning trading sessions showed slight gains for MSTR shares alongside a modest uptick in bitcoin prices from Friday’s close near $71,300.