Strategy plans to raise $4.2 billion through sales of its STRD stock to buy more Bitcoin as institutional adoption accelerates.
The at-the-market program will enable Strategy to sell STRD shares for Bitcoin acquisitions and general corporate purposes.
The company has already raised significant funds in Q2 through various capital market activities and continues to have remaining capacity for future issuances.
Strategy's disciplined capital raising approach and multi-instrument strategy have positioned it as a key player in institutional Bitcoin adoption, holding over 2.8% of Bitcoin's total supply valued at around $65 billion.