Strategy launches new ATM stock programs worth $44.1B to fund Bitcoin treasury, aiming to reach 1M BTC holdings under its long-term treasury plan.
Strategy announced new capital-raising programs to support more Bitcoin purchases. The company filed details in a Form 8-K with the U.S. Securities and Exchange Commission. The update affirmed new at-the-market programs on common and preferred shares. Strategy said the move is part of its longer-term strategy to add to the company’s bitcoin treasury.
New ATM Stock Programs to Raise Billions for Bitcoin
Strategy will provide as much as $21 billion in MSTR Class A common stock. In addition, the company plans for up to $21 billion of STRC preferred shares. Another $2.1 billion in STRK preferred shares will also be sold gradually. These offerings allow the company to raise funds without one big transaction.
Strategy announces new $21 Billion $STRC ATM Program and new $21 Billion $MSTR ATM Program.https://t.co/l1kyJTFtze
— Strategy (@Strategy) March 23, 2026
The company also altered its structure of authorized shares. STRC preferred shares rose to 282.6 million shares. Meanwhile, STRK authorized shares were lowered to 40.3 million shares. Strategy said these adjustments support flexibility for capital raising in future.
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The new offers are part of the company’s “42/42” funding plan. This plan has a goal of $84 billion by 2027. Much of the capital will be used to purchase more Bitcoin over time. Strategy believes that gradual funding minimizes risk during the volatility of the markets.
Recent filings reveal that the company is continuing to purchase Bitcoin on a regular basis. Between March 16 and March 22, 2026, Strategy sold more than 509,000 shares. The sale raised approximately $76.5 million for on-the-spot purchases of Bitcoin. The company confirmed that the money was used to increase its treasury holdings.
Bitcoin Treasury Growth and Long-Term Targets
Strategy currently owns 761,000 to 762,000 Bitcoin. The value of these holdings is approximately $55.8 billion, as of the last prices. This makes Strategy the largest public company holder of Bitcoins. The company has plans to raise this amount quite a lot in the coming months.
Management has set a target of holding 1 million Bitcoin by the end of 2026. The new ATM programs will help to achieve that goal more quickly. By selling shares gradually, Strategy is able to purchase Bitcoin in various market conditions. This strategy spreads the risk throughout time rather than thirteen purchase.
The term ATM in this program is at-the-market offerings. It is not the physical Bitcoin ATM machines used by retail users. However, the crypto ATM industry is growing in 2026 as well. Many operators now upgrade to normal ATMs with the use of software rather than replacing them with new machine.
Market reports indicate that buy-only crypto ATMs dominate the world with over 80% share. Analysts say increased, easier access helps increase Bitcoin adoption globally. While this is different from the ATM programs of Strategy, both trends indicate increasing demand for Bitcoin.
Strategy said that its funding mechanism is conducive to long-term Bitcoin confidence. The company believes that consistent purchasing power is the way to strengthen its balance sheet over time. With new ATM programs in motion, Strategy hopes to keep on adding to its Bitcoin treasury through 2026 and beyond.
