On July 7, 2025, Strategy™ (Nasdaq: MSTR; STRK; STRF), the world’s leading Bitcoin Treasury Company, unveiled a $4.2 billion at-the-market (ATM) program for its 10% Perpetual STRD Preferred Stock. The announcement, made earlier today, highlights the company’s intent to sell shares gradually, factoring in market conditions and trading volumes, to fund general corporate purposes, including further Bitcoin acquisitions and working capital.
This move builds on Strategy’s aggressive Bitcoin accumulation strategy, reinforcing its position as the largest corporate holder of the cryptocurrency. The ATM program offers flexibility, allowing sales through public exchanges or negotiated deals, aligning with the company’s disciplined approach to capital raising. With Bitcoin recently hitting new highs, this initiative signals continued confidence in the asset’s long-term value, though its impact on market dynamics remains to be seen.