Strategy Secures $427M to Expand Bitcoin Treasury to $40B

• Strategy sold stock shares to raise $427 million and purchased 4020 Bitcoin last week.
• The company now holds 580,250 Bitcoins with an average cost of $69,979 per coin.
• This move strengthens Strategy’s position as the top corporate Bitcoin holder globally.

Strategy announced that it raised $427 million from its at-the-market (ATM) offering programs between May 19 and May 25, 2025. During this period, the company sold shares across three ATM programs, generating high proceeds for Bitcoin purchases. Strategy purchased 4,020 Bitcoin (BTC) using these funds, increasing its total BTC holdings to 580,250 coins. 

The aggregate purchase price for these bitcoins reached $427.1 million, with an average price of approximately $106,237 per coin. This acquisition raised Strategy’s total Bitcoin investment to $40.61 billion, averaging $69,979 per Bitcoin.

Updates on At-The-Market Offering Programs

The company’s ATM offerings include three distinct stock categories. The common stock ATM sold 847,000 shares, raising $348.7 million, with $18.63 billion worth of shares still available for issuance. The STRK preferred stock ATM program sold 678,970 shares, netting $67.9 million, leaving $20.72 billion available. 

Source: Strategy

Meanwhile, the STRF preferred stock ATM program raised $10.4 million from selling 104,423 shares, with $2.09 billion remaining for sale. Altogether, these sales contributed to the $427 million raised during the specified period.

Strategy established these ATM programs to provide ongoing capital for Bitcoin acquisitions. The common stock ATM program began on May 1, 2025. The STRK preferred stock ATM started on March 10, 2025, while the STRF preferred stock ATM launched most recently on May 22, 2025.

Related: Strategy Buys 13K BTC, Raising Total Holdings to 568K Coins

Bitcoin Holdings and Purchase Details

The Bitcoin purchases during this period were fully funded by ATM program proceeds. Strategy acquired these coins at an average cost of $106,237, inclusive of fees and expenses. The Bitcoin treasury held by Strategy now includes 580,250 BTC, valued at $40.61 billion. This sizable holding positions Strategy as the world’s largest corporate Bitcoin holder.

The company highlights its unique treasury strategy, which combines equity and debt financing to accumulate Bitcoin. Besides increasing Bitcoin reserves, Strategy promotes the cryptocurrency as a primary treasury reserve asset and advocates for its role as digital capital. 

The firm also includes AI-based analytics software in its systems, hoping to drive progress in both Bitcoin solutions and data analysis. How will Strategy’s next Bitcoin acquisitions influence the market and help institutions take interest in digital assets?

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