Michael Saylor Unveils $21 Billion Stock Offering to Boost Bitcoin Holdings at Strategy

Michael Saylor, the forward-thinking CEO of Strategy, has set the financial world abuzz with a new plan to raise up to $21 billion through a unique stock offering. Announced this morning, Strategy has entered into a sales agreement to issue shares of its 8.00% Series A Perpetual Strike Preferred Stock. This offering, designed to deliver an annual fixed return of 8%, allows investors to convert their preferred shares into Strategy’s Class A common stock. The capital raised will support the company’s ambitious goals, including acquiring more Bitcoin and bolstering its working capital for everyday operations.

This financial maneuver, dubbed an “ATM Program,” gives Strategy the ability to sell shares gradually over time, adapting to market conditions like stock price and trading volume. Unlike conventional stock offerings that release shares in a single large batch, this approach provides flexibility. It lets Strategy capitalize on favorable market moments without overwhelming investors with sudden, hefty sales. The proceeds will fuel the company’s ongoing mission to deepen its Bitcoin investments while maintaining a strong foundation for general corporate needs.

Saylor’s latest move reflects his unwavering commitment to integrating digital assets into Strategy’s core vision. Just days earlier, on March 7, 2025, he took the stage at the White House Crypto Summit to advocate for a bold national strategy. He urged the U.S. government to secure between 5% and 25% of Bitcoin’s total supply by 2035, creating a substantial reserve that could yield between $16 trillion and $81 trillion by 2045. Saylor argued this could help tackle the national debt and drive economic growth, positioning the U.S. as a global leader in the digital asset arena.

A Strategic Shift in Digital Asset Policy

Saylor’s appearance at the summit signals a broader shift in how the U.S. views cryptocurrencies. His proposal goes beyond Strategy’s corporate ambitions, framing Bitcoin as a strategic economic tool for the nation. The ATM Program aligns with this vision, providing the financial muscle to grow Strategy’s Bitcoin holdings while offering investors a chance to join the journey. The preferred stock, with its 8% return and conversion option, is being sold through methods defined as “at the market offerings” under securities regulations, ensuring compliance and transparency.

The offering builds on Strategy’s existing shelf registration, effective since January 27, 2025, with a prospectus supplement filed on March 10, 2025. This structure underscores the company’s disciplined approach, allowing sales to unfold over an extended period rather than in a rushed push. By tying the proceeds to Bitcoin acquisitions and operational strength, Michael Saylor reinforces his belief in the Bitcoin’s long-term value.

For years, Saylor has championed Bitcoin as a cornerstone of Strategy’s identity, and this $21 billion initiative doubles down on that stance. His dual focus, merging corporate strategy with national policy advocacy, paints a picture of a leader intent on shaping the future of finance.